UNAUDITED QUARTERLY RESULTS (Tables)

12 Months Ended

Jan. 02, 2016

UNAUDITED QUARTERLY RESULTS

Schedule of unaudited quarterly financial information

	March						June						September						December
In thousands, except per share data	2015			2014			2015			2014			2015			2014			2015			2014
Net sales	$	255,316		$	223,614		$	281,118		$	265,998		$	277,328		$	250,417		$	428,958		$	398,574
Gross profit		154,727			136,823			171,478			155,910			169,814			157,314			258,088			230,224
(Loss) income from continuing operations		(53,559)	(b)		(38,408)	(c)		9,249	(d)		(13,983)	(e)		4,510	(f)		2,623	(g)		61,508	(h)		126,494	(i)
(Loss) income from discontinued operations, net of income taxes		(1,662	)		84,578			(708	)		9,579			(2,207	)		(11,753	)		(44	)		30
Net (loss) income	$	(55,221	)	$	46,170		$	8,541		$	(4,404	)	$	2,303		$	(9,130	)	$	61,464		$	126,524
Basic earnings per share:
(Loss) income from continuing operations	$	(0.42	)	$	(0.31	)	$	0.07		$	(0.11	)	$	0.04		$	0.02		$	0.48		$	0.99
(Loss) income from discontinued operations		(0.01	)		0.68			—			0.08			(0.02	)		(0.09	)		—			—
Net (loss) income	$	(0.43	)	$	0.37		$	0.07		$	(0.03	)	$	0.02		$	(0.07	)	$	0.48		$	0.99
Diluted earnings per share:(a)
(Loss) income from continuing operations	$	(0.42	)	$	(0.31	)	$	0.07		$	(0.11	)	$	0.04		$	0.02		$	0.48		$	0.99
(Loss) income from discontinued operations		(0.01	)		0.68			—			0.08			(0.02	)		(0.09	)		—			—
Net (loss) income	$	(0.43	)	$	0.37		$	0.07		$	(0.03	)	$	0.02		$	(0.07	)	$	0.48		$	0.99
Basic weighted average shares outstanding		127,489			124,403			127,663			126,664			127,682			126,971			127,703			127,160
Diluted weighted average shares outstanding(a)		127,489			124,403			128,431			126,664			128,118			127,610			128,267			127,741

(a)	Because the Company incurred a loss from continuing operations in the first quarter of 2015 and first two quarters of 2014, outstanding stock options and nonvested shares are antidilutive for such periods. Accordingly, basic and diluted weighted average shares outstanding are equal for such periods.
(b)	Included a pretax charge of $26.0 million to terminate contracts with the Company's former joint venture partner in China and pretax expenses related to streamlining initiatives of $18.9 million.
(c)	Included pretax expenses related to streamlining initiatives of $28.9 million.
(d)	Included pretax expenses related to streamlining initiatives of $7.1 million.
(e)	Included pretax expenses related to streamlining initiatives of $4.9 million.
(f)	Included pretax expenses related to streamlining initiatives of $7.0 million.
(g)	Included a pretax credit related to streamlining initiatives of $1.1 million
(h)	Included pretax expenses related to streamlining initiatives of $2.4 million.
(i)	Included pretax expenses related to streamlining initiatives of $7.1 million.