Quarterly Financial Data (Unaudited)

12 Months Ended

Oct. 31, 2020

Quarterly Financial Information Disclosure [Abstract]


19			Quarterly Financial Data (Unaudited)

Summarized quarterly financial data for fiscal 2020 and 2019 are as follows (dollars in thousands, except per share data):


	Quarter
Fiscal Year Ended October 31, 2020	First		Second		Third		Fourth
Net sales	$	767,483	$	929,398	$	840,972	$	840,957
Gross profit	288,088		306,717		294,574		300,395
Net earnings	70,091		98,446		88,968		72,196
Basic net earnings per share1	0.65		0.92		0.83		0.67
Diluted net earnings per share1	$	0.65	$	0.91	$	0.82	$	0.66


	Quarter
Fiscal Year Ended October 31, 2019	First		Second 2		Third 2		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

1 The summation of quarterly basic and diluted net earnings per share amounts may not equal the fiscal year basic and diluted net earnings per share amounts presented in the Consolidated Statements of Earnings due to differences in the number of weighted-average shares of common stock outstanding during the respective quarterly and fiscal year 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 of fiscal 2019. For the company's fiscal 2019 fourth quarter, the reporting period end for both CMW and the company was October 31, 2019.