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SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)
 12 Months Ended
Dec. 29, 2017
Quarterly Financial Information Disclosure [Abstract]  
Summary of Quarterly Financial Data
(In millions, except per share amounts)
 
 
 
 
 
 
 
 
Year ended December 29, 2017
 
First
Quarter(a)
 
Second
Quarter(b)
 
Third
Quarter(c)
 
Fourth
Quarter(d)
Net sales
 
$
1,895.8

 
$
2,001.4

 
$
2,016.4

 
$
2,013.8

Cost of goods sold
 
1,516.1

 
1,605.7

 
1,619.2

 
1,615.4

Operating income
 
69.0

 
82.7

 
81.0

 
80.4

Income before income taxes
 
49.9

 
63.8

 
62.4

 
61.5

Net income
 
$
30.9

 
$
40.1

 
$
37.6

 
$
0.4

Income per share:
 
 
 
 
 
 
 
 
Basic
 
$
0.92

 
$
1.19

 
$
1.12

 
$
0.01

Diluted
 
$
0.91

 
$
1.18

 
$
1.11

 
$
0.01

Common stock price (NYSE symbol: AXE):
 
 
 
 
 
 
 
 
High
 
$
88.00

 
$
86.35

 
$
86.45

 
$
88.60

Low
 
$
75.70

 
$
73.75

 
$
70.50

 
$
62.40

Close
 
$
79.30

 
$
78.20

 
$
85.00

 
$
76.00

(a)
In the first quarter of 2017, "Operating income" includes $9.0 million of intangible asset amortization.
(b)
In the second quarter of 2017, "Operating income" includes $9.0 million of intangible asset amortization.
(c)
In the third quarter of 2017, "Operating income" includes $9.1 million of intangible asset amortization and $0.8 million of acquisition and integration costs.
(d)
In the fourth quarter of 2017, "Operating income" includes $9.0 million of intangible asset amortization, $1.5 million of acquisition and integration costs and an intangible asset impairment charge of $5.7 million.
(In millions, except per share amounts)
 
 
 
 
 
 
 
 
Year ended December 30, 2016
 
First
Quarter(a)
 
Second
Quarter(b)
 
Third
Quarter(c)
 
Fourth
Quarter(d)
Net sales
 
$
1,816.2

 
$
1,955.7

 
$
1,956.3

 
$
1,894.6

Cost of goods sold
 
1,445.4

 
1,562.3

 
1,559.6

 
1,507.5

Operating income
 
60.3

 
56.7

 
87.3

 
81.0

Income from continuing operations before income taxes
 
37.4

 
36.1

 
65.4

 
58.6

Net income from continuing operations
 
23.2

 
20.8

 
40.3

 
36.8

Net (loss) income from discontinued operations
 
(0.4
)
 
(0.3
)
 
0.1

 
—

Net income
 
$
22.8

 
$
20.5

 
$
40.4

 
$
36.8

Income (loss) per share:
 
 
 
 
 
 
 
 
Basic:
 
 
 
 
 
 
 
 
Continuing operations
 
$
0.70

 
$
0.62

 
$
1.21

 
$
1.10

Discontinued operations
 
$
(0.01
)
 
$
(0.01
)
 
$
—

 
$
—

Net income
 
$
0.69

 
$
0.61

 
$
1.21

 
$
1.10

Diluted:
 
 
 
 
 
 
 
 
Continuing operations
 
$
0.70

 
$
0.62

 
$
1.20

 
$
1.09

Discontinued operations
 
$
(0.02
)
 
$
(0.01
)
 
$
0.01

 
$
—

Net income
 
$
0.68

 
$
0.61

 
$
1.21

 
$
1.09

Common stock price (NYSE symbol: AXE):
 
 
 
 
 
 
 
 
High
 
$
60.10

 
$
63.49

 
$
65.96

 
$
84.05

Low
 
$
37.60

 
$
49.29

 
$
51.50

 
$
58.99

Close
 
$
52.48

 
$
54.09

 
$
64.50

 
$
81.05

(a)
In the first quarter of 2016, "Operating income" includes $9.7 million of intangible asset amortization and $2.2 million of acquisition and integration costs.
(b)
In the second quarter of 2016, "Operating income" includes $9.5 million of intangible asset amortization, $5.6 million of restructuring charges, $7.6 million of Latin America bad debt provision, $1.4 million of acquisition and integration costs and $9.6 million related to a settlement of pension obligation in the UK.
(c)
In the third quarter of 2016, "Operating income" includes $9.4 million of intangible asset amortization, $0.7 million of acquisition and integration costs and a restructuring reversal of $0.2 million.
(d)
In the fourth quarter of 2016, "Operating income" includes $9.0 million of intangible asset amortization and $0.8 million of acquisition and integration costs.