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Quarterly Financial Data (Unaudited)
 12 Months Ended
Oct. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data (Unaudited)

NOTE 18:  Quarterly Financial Data (Unaudited)

The following is a summary of unaudited quarterly financial information:

 

In Thousands, Except Per Share Amounts

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year 2014

Fourth

 

 

Third

 

 

Second

 

 

First

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

$

548,059

 

 

$

506,309

 

 

$

510,861

 

 

$

485,940

 

 

Gross profit

 

193,577

 

 

 

177,087

 

 

 

179,225

 

 

 

170,735

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings from continuing operations

 

51,632

 

 

 

39,837

 

 

 

40,595

 

 

 

33,943

 

 

Loss from discontinued operations

 

(55,104

)

 

 

(929

)

 

 

(3,691

)

 

 

(3,865

)

 

Net earnings

$

(3,472

)

 

$

38,908

 

 

$

36,904

 

 

$

30,078

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) per share - basic

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

$

1.62

 

 

$

1.25

 

 

$

1.28

 

 

$

1.07

 

 

Discontinued operations

 

(1.73

)

 

 

(0.03

)

 

 

(0.12

)

 

 

(0.12

)

 

Earnings (loss) per share - basic 1

$

(0.11

)

 

$

1.22

 

 

$

1.16

 

 

$

0.95

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) per share - diluted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

$

1.62

 

 

$

1.22

 

 

$

1.25

 

 

$

1.05

 

 

Discontinued operations

 

(1.73

)

 

 

(0.03

)

 

 

(0.11

)

 

 

(0.12

)

 

Earnings (loss) per share - diluted 1,6

$

(0.11

)

 

$

1.19

 

 

$

1.14

 

 

$

0.93

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year 2013

Fourth

 

 

Third

 

 

Second

 

 

First

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

$

513,667

 

 

$

463,613

 

 

$

475,870

 

 

$

435,627

 

 

Gross profit

 

199,835

 

 

 

175,600

 

 

 

175,923

 

 

 

153,351

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings from continuing operations 2,3,4,5

 

66,843

 

 

 

41,419

 

 

 

36,183

 

 

 

26,549

 

 

Loss from discontinued operations

 

(980

)

 

 

(3,181

)

 

 

(661

)

 

 

(1,438

)

 

Net earnings

$

65,863

 

 

$

38,238

 

 

$

35,522

 

 

$

25,111

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) per share - basic

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

$

2.13

 

 

$

1.32

 

 

$

1.16

 

 

$

0.86

 

 

Discontinued operations

 

(0.03

)

 

 

(0.10

)

 

 

(0.02

)

 

 

(0.05

)

 

Earnings (loss) per share - basic 1

$

2.10

 

 

$

1.22

 

 

$

1.14

 

 

$

0.81

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (loss) per share - diluted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

$

2.09

 

 

$

1.30

 

 

$

1.14

 

 

$

0.85

 

 

Discontinued operations

 

(0.03

)

 

 

(0.10

)

 

 

(0.02

)

 

 

(0.05

)

 

Earnings (loss) per share - diluted 1

$

2.06

 

 

$

1.20

 

 

$

1.12

 

 

$

0.80

 

 

 

1

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.

2

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

3

Included a $3.5 million goodwill impairment charge related to Racal Acoustics in the third quarter.

4

Included a $10.0 million charge related to our pending matter with the DDTC in the third quarter.

5

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

6

Diluted shares is equal of basic shares in the fourth fiscal quarter of 2014.