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SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)
 12 Months Ended
Dec. 28, 2018
Quarterly Financial Information Disclosure [Abstract]  
Summary of Quarterly Financial Data
(In millions, except per share amounts)
 
 
 
 
 
 
 
 
Year ended December 28, 2018
 
First
Quarter(a)
 
Second
Quarter(b)
 
Third
Quarter(c)
 
Fourth
Quarter(d)
Net sales
 
$
1,964.2

 
$
2,137.9

 
$
2,179.0

 
$
2,119.1

Cost of goods sold
 
1,579.4

 
1,718.8

 
1,754.9

 
1,689.1

Operating income
 
61.6

 
71.3

 
89.5

 
87.3

Income before income taxes
 
45.7

 
49.0

 
68.6

 
59.9

Net income
 
$
32.1

 
$
34.8

 
$
47.6

 
$
41.8

Income per share:
 
 
 
 
 
 
 
 
Basic
 
$
0.95

 
$
1.03

 
$
1.41

 
$
1.23

Diluted
 
$
0.94

 
$
1.02

 
$
1.40

 
$
1.22

(a)
In the first quarter of 2018, "Operating income" includes $9.3 million of intangible asset amortization, $0.3 million of acquisition and integration costs and $0.2 million of U.K. facility relocation costs.
(b)
In the second quarter of 2018, "Operating income" includes $9.7 million of intangible asset amortization, a restructuring charge of $9.2 million, $2.3 million of acquisition and integration costs, $2.6 million of CEO retirement agreement expense and $0.4 million of U.K. facility relocation costs.
(c)
In the third quarter of 2018, "Operating income" includes $9.6 million of intangible asset amortization, a restructuring charge of $0.2 million, $0.3 million of acquisition and integration costs and $0.2 million of U.K. facility relocation costs.
(d)
In the fourth quarter of 2018, "Operating income" includes $8.7 million of intangible asset amortization and $0.2 million of U.K. facility relocation costs. "Income before income taxes" includes a $4.6 million loss on extinguishment of debt.
(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
 
68.9

 
82.6

 
80.8

 
80.6

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

(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.