Supplementary Information

12 Months Ended

Mar. 31, 2014

Selected Quarterly Financial Information [Abstract]

Supplementary Information (Unaudited)

SUPPLEMENTARY INFORMATION (UNAUDITED)

The following table summarizes the unaudited results of operations for each quarter of fiscal 2014 and 2013:

(In thousands, except per share amounts)	First		Second		Third		Fourth
2014
Net sales	$	1,279,891	$	1,281,970	$	1,242,846	$	1,267,830
Operating income	156,614		168,769		154,919		150,232
Net earnings (c)	84,686		94,982		82,759		88,357
Basic earnings per share (a)	$	1.16	$	1.29	$	1.12	$	1.19
Diluted earnings per share (a)	$	1.14	$	1.27	$	1.10	$	1.17
2013
Net sales	$	1,257,256	$	1,229,610	$	1,207,708	$	1,262,923
Operating income (b)	151,690		145,186		147,279		152,261
Net earnings (c)	90,798		81,020		82,915		86,140
Basic earnings per share (a)	$	1.18	$	1.05	$	1.07	$	1.15
Diluted earnings per share (a)	$	1.15	$	1.03	$	1.05	$	1.13

^(a)   Earnings per share calculations for each of the quarters are based on the weighted average number of shares outstanding in each quarter. Therefore, the sum of the quarterly earnings per share does not necessarily equal the full year earnings per share disclosed on the consolidated statements of earnings.

^(b)  Operating income includes the following items:

(In thousands)	First		Second		Third			Fourth
2013
Restructuring and other special charges (benefits), net (Notes 22 and 23)	$	5,712	$	2,443	$	(1,729	)	$	1,663

^(c)  Net earnings include the after tax impact of the above listed items in operating income as well as the following non-operating items after tax:

(In thousands)	First			Second			Third		Fourth
2014
Loss on the extinguishment of debt (Note 9)	$	—		$	—		$	5,646	$	—
State income tax benefits (d)	—			(1,493		)	—		(1,800		)
2013
Gain on sale of businesses (Note 3)	$	(5,491	)	$	—		$	—	$	—

^(d)  During the three months ended September 30, 2013, the Company recognized a$1.5 milliontax benefit related to a change in a state income tax law, allowing the Company to utilize additional net operating loss carryforwards. During the three months ended March 31, 2014, the Company recognized an additional$1.8 millionof tax benefits related to enacted changes in state income tax rates.