Supplementary Information (Unaudited)

12 Months Ended

Mar. 31, 2015

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 2015 and 2014:

(In thousands, except per share amounts)	First		Second		Third		Fourth
2015
Net sales	$	1,313,587	$	1,357,755	$	1,331,820	$	1,301,723
Operating income	155,081		175,781		162,886		147,530
Net earnings	88,852		98,312		93,199		87,723
Basic earnings per share (a)	$	1.20	$	1.32	$	1.25	$	1.17
Diluted earnings per share (a)	$	1.18	$	1.30	$	1.23	$	1.15
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 (b)	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

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^(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)  Net earnings include the impact of 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 (c)	—		(1,493		)	—		(1,800		)

^(c)  During the three months ended September 30, 2013, the Company recognized a $1.5 million tax 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 million of tax benefits related to enacted changes in state income tax rates.