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Quarterly Financial Information (Unaudited)
 12 Months Ended
Nov. 03, 2012
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information (Unauditied)
Quarterly Financial Information (Unaudited)

The following table includes certain unaudited quarterly financial information for the fiscal year quarters in 2011 and 2010, which have been adjusted for discontinued operations. See Note 2 for further discussion of discontinued operations.
 
Quarter
 
 
 
1st
 
2nd
 
3rd
 
4th
 
Year
2012
 
 
 
 
 
 
 
 
 
Net sales
$
281,781

 
$
298,323

 
$
282,447

 
$
286,803

 
$
1,149,355

Gross profit (a)
21,250

 
29,401

 
26,710

 
32,314

 
109,675

Operating (loss) earnings
(526
)
 
8,549

 
5,140

 
2,450

 
15,613

Net (loss) earnings from continuing operations (b)
(2,270
)
 
3,674

 
1,838

 
(555
)
 
2,687

Net earnings (loss) from discontinued operations
21

 
(3
)
 
—

 
(109
)
 
(91
)
Net (loss) earnings (b)
(2,249
)
 
3,671

 
1,838

 
(664
)
 
2,596

Basic (loss) earnings per share attributable to common stockholders:
 
 
 
 
 
 
 
 
 
(Loss) earnings from continuing operations
(0.07
)
 
0.12

 
0.06

 
(0.02
)
 
0.09

(Loss) earnings from discontinued operations, net of tax
—

 
—

 
—

 
(0.01
)
 
(0.01
)
Net (loss) earnings per share
(0.07
)
 
0.12

 
0.06

 
(0.03
)
 
0.08

Diluted (loss) earnings per share attributable to common shareholders:
 
 
 
 
 
 
 
 
 
(Loss) earnings from continuing operations
(0.07
)
 
0.12

 
0.06

 
(0.02
)
 
0.09

(Loss) earnings from discontinued operations, net of tax
—

 
—

 
—

 
(0.01
)
 
(0.01
)
Net (loss) earnings per share
(0.07
)
 
0.12

 
0.06

 
(0.03
)
 
0.08

Dividends declared per common share
—

 
—

 
—

 
—

 
—

2011
 
 
 
 
 
 
 
 
 
Net sales
$
234,783

 
$
282,551

 
$
291,716

 
$
293,239

 
$
1,102,290

Gross profit (a)
17,984

 
26,655

 
26,243

 
24,791

 
95,673

Operating (loss) earnings
(1,818
)
 
7,097

 
8,325

 
(34,890
)
 
(21,286
)
Net (loss) earnings from continuing operations (c)
(1,838
)
 
2,847

 
2,988

 
(27,380
)
 
(23,383
)
Net earnings (loss) from discontinued operations
2,871

 
(225
)
 
19

 
(349
)
 
2,316

Net earnings (loss) (c) (d)
1,033

 
2,622

 
3,007

 
(27,729
)
 
(21,067
)
Basic (loss) earnings per share attributable to common stockholders:
 
 
 
 
 
 
 
 
 
(Loss) earnings from continuing operations
(0.06
)
 
0.09

 
0.10

 
(0.89
)
 
(0.76
)
Earnings (loss) from discontinued operations, net of tax
0.09

 
(0.01
)
 
—

 
(0.01
)
 
0.08

Net earnings (loss) per share
0.03

 
0.08

 
0.10

 
(0.90
)
 
(0.69
)
Diluted (loss) earnings per share attributable to common shareholders:
 
 
 
 
 
 
 
 
 
(Loss) earnings from continuing operations
(0.06
)
 
0.09

 
0.10

 
(0.89
)
 
(0.76
)
Earnings (loss) from discontinued operations, net of tax
0.09

 
(0.01
)
 
—

 
(0.01
)
 
0.08

Net earnings (loss) per share
0.03

 
0.08

 
0.10

 
(0.90
)
 
(0.69
)
Dividends declared per common share
—

 
—

 
—

 
—

 
—

Notes to tables:
(a)
Gross profit is calculated as net sales less cost of sales and amortization expense.
(b)
Operating earnings and net earnings from continuing operations in 2012 were impacted by charges totaling $8,834 ($5,917 net of tax), comprising merger and transaction costs of $6,901 ($4,486 net of tax), restructuring and exit costs of $2,521 ($1,866 net of tax), and foreign currency gains of $588 ($435 net of tax). Fourth quarter 2012 operating earnings and net earnings include foreign currency gains which pertain to prior annual periods of $1,465 ($1,026 net of tax). Prior annual periods were not corrected as such amounts were immaterial and thus recorded in the fourth quarter of 2012.
(c)
Operating earnings and net earnings from continuing operations in the fourth quarter of 2011 were impacted by charges totaling $41,067 ($28,813 net of tax), comprising goodwill impairments of $40,455 ($28,435 net of tax), restructuring and exit costs of $634 ($393 net of tax), and foreign currency gains of $22 ($15 net of tax).
(d)
The earnings from discontinued operations in 2011 include the settlement agreement for breach of contract by Chemtura that led to $4,844 in cash proceeds and after tax earnings of $3,003.