Quarterly Financial Data (Unaudited)

12 Months Ended

Oct. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Data (Unaudited)

18 Quarterly Financial Data (Unaudited)

Summarized quarterly financial data for fiscal 2019 and 2018 are as follows (dollars in thousands, except per share data):

	Quarter
Fiscal Year Ended October 31, 2019	First		Second2		Third2		Fourth
Net sales	$	602,956	$	962,036	$	838,713	$	734,379
Gross profit	215,617		321,298		265,981		245,067
Net earnings	59,540		115,570		60,607		38,266
Basic net earnings per share1	0.56		1.08		0.57		0.36
Diluted net earnings per share1	$	0.55	$	1.07	$	0.56	$	0.35

	Quarter
Fiscal Year Ended October 31, 2018	First		Second		Third		Fourth
Net sales	$	548,246	$	875,280	$	655,821	$	539,303
Gross profit	204,239		324,056		233,653		179,063
Net earnings	22,604		131,289		79,009		39,037
Basic net earnings per share1	0.21		1.23		0.75		0.37
Diluted net earnings per share1	$	0.21	$	1.21	$	0.73	$	0.36

¹  Basic and diluted net earnings per share amounts may not equal the full year total due to changes in the number of weighted-average shares of common stock outstanding during the periods and rounding.

² 

During fiscal 2019, CMW's financial position, results of operations, and cash flows were reported on a calendar month end. Accordingly, April 30, 2019 and July 31, 2019 were the calendar quarterly period end dates closest to the company's quarterly fiscal periods ended May 3, 2019 and August 2, 2019, respectively. This reporting period difference did not have material impact on the company's Consolidated Results of Operations during the company's second and third fiscal quarters. For the company's fiscal 2019 fourth quarter, the reporting period end for both CMW and the company was October 31, 2019.