Quarterly Financial Data (Unaudited)

12 Months Ended

Oct. 25, 2013

Quarterly Financial Data (Unaudited)

NOTE 17:  Quarterly Financial Data (Unaudited)

The following is a summary of unaudited quarterly financial information:

In Thousands, Except Per Share Amounts

Fiscal Year 2013	Fourth			Third			Second			First
Net sales	$	534,162		$	478,068		$	499,562		$	457,962
Gross profit		205,373			178,902			181,376			160,345
Earnings from continuing operations		66,188			39,213	1,2,3		35,522			25,111	4
Loss from discontinued operations		(325	)		(975	)		0			0
Net earnings	$	65,863		$	38,238		$	35,522		$	25,111
Earnings (loss) per share – basic
Continuing operations	$	2.11		$	1.25		$	1.14		$	.81
Discontinued operations		(.01	)		(.03	)		.00			.00
Earnings (loss) per share – basic	$	2.10		$	1.22		$	1.14		$	.81
Earnings (loss) per share – diluted
Continuing operations	$	2.07		$	1.23		$	1.12		$	.80
Discontinued operations		(.01	)		(.03	)		.00			.00
Earnings (loss) per share – diluted 8	$	2.06		$	1.20		$	1.12		$	.80
Fiscal Year 2012		Fourth			Third			Second			First
Net sales	$	530,656		$	485,949		$	504,831		$	470,882
Gross profit		204,253			172,096			184,523			158,081
Earnings (loss) from continuing operations		61,660			(17,104	)5,6		45,191	7		22,788
Earnings from discontinued operations		0			0			0			0
Net earnings	$	61,660		$	(17,104	)	$	45,191		$	22,788
Earnings (loss) per share – basic
Continuing operations	$	2.00		$	(.55	)	$	1.47		$	.74
Discontinued operations		.00			.00			.00			.00
Earnings (loss) per share – basic	$	2.00		$	(.55	)	$	1.47		$	.74
Earnings (loss) per share – diluted
Continuing operations	$	1.97		$	(.55	)	$	1.44		$	.73
Discontinued operations		.00			.00			.00			.00
Earnings (loss) per share – diluted 8	$	1.97		$	(.55	)	$	1.44		$	.73

¹  Included $8.2 million of income tax benefits related to the favorable resolution of certain tax matters.

²  Included a $3.5 million goodwill impairment charge related to Racal Acoustics.

³  Included a $10.0 million charge related to our pending matter with the DDTC.

⁴  Included $3.7 million of income tax benefits related to the favorable resolution of certain tax matters.

⁵  Included a $52.2 million goodwill impairment charge related to Racal Acoustics.

⁶  Included $4.6 million of income tax benefits related to the favorable resolution of certain tax matters.

⁷  Included a $9.5 million gain on settlement of a contingency, net of tax.

⁸  The sum of the quarterly per share amounts may not equal per shares amounts reported for year-to-date periods. This is due to changes in the number of weighted average shares outstanding and the effects of rounding for each period.