SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)

12 Months Ended

Jan. 03, 2020

Quarterly Financial Information Disclosure [Abstract]


(In millions, except per share amounts)
Year ended January 3, 2020	First Quarter^(a)		Second Quarter^(b)		Third Quarter^(c)		Fourth Quarter^(d)
Net sales	$	2,108.5	$	2,262.6	$	2,222.2	$	2,252.3
Cost of goods sold	1,689.6		1,812.6		1,775.8		1,791.8
Operating income	74.6		105.7		101.8		85.4
Income before income taxes	56.0		85.6		82.1		69.7
Net income	$	39.1	$	63.5	$	59.3	$	101.0
Income per share:
Basic	$	1.15	$	1.86	$	1.74	$	2.95
Diluted	$	1.14	$	1.86	$	1.73	$	2.93

(a)In the first quarter of 2019, "Operating income" includes $8.8 million of intangible asset amortization and a reversal of acquisition and integration costs of $0.3 million.

(b)In the second quarter of 2019, "Operating income" includes $8.8 million of intangible asset amortization.

(c)In the third quarter of 2019, "Operating income" includes $8.8 million of intangible asset amortization.

(d)In the fourth quarter of 2019, "Operating income" includes $8.6 million of intangible asset amortization and $12.8 million of merger costs. "Net income" includes a $45.9 million tax benefit related to the reversal of deferred income tax valuation allowances, partially offset by $0.8 million of tax expense related to prior year tax positions.


(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.