XML 12 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 29, 2018
Sep. 30, 2017
Sep. 29, 2018
Sep. 30, 2017
Income Statement [Abstract]        
Net Sales $ 925.4 $ 856.9 $ 2,763.9 $ 2,539.6
Cost of Sales 682.8 630.0 2,039.0 1,874.4
Gross Profit 242.6 226.9 724.9 665.2
Operating Expenses 155.0 132.6 449.5 412.7
Goodwill Impairment 9.5 0.0 9.5 0.0
Asset Impairments 8.7 0.0 8.7 0.0
Total Operating Expenses 173.2 132.6 467.7 412.7
Income From Operations 69.4 94.3 257.2 252.5
Other Expenses, net 0.4 0.3 1.2 0.7
Interest Expense 13.7 13.5 40.9 42.6
Interest Income 1.0 0.7 1.8 2.7
Income Before Taxes 56.3 81.2 216.9 211.9
Provision For Income Taxes 3.6 17.6 37.6 46.4
Net Income 52.7 63.6 179.3 165.5
Less: Net Income Attributable to Noncontrolling Interests 1.4 1.4 3.7 4.0
Net Income Attributable to Regal Beloit Corporation $ 51.3 $ 62.2 $ 175.6 $ 161.5
Earnings Per Share Attributable to Regal Beloit Corporation:        
Basic (in dollars per share) $ 1.18 $ 1.40 $ 4.01 $ 3.62
Assuming Dilution (in dollars per share) 1.17 1.39 3.98 3.59
Cash Dividends Declared Per Share (in dollars per share) $ 0.28 $ 0.26 $ 0.82 $ 0.76
Weighted Average Number of Shares Outstanding:        
Basic (in shares) 43.4 44.4 43.8 44.7
Assuming Dilution (in shares) 43.8 44.8 44.1 45.0