Summarized Quarterly Data (Unaudited)

12 Months Ended

Dec. 31, 2011

Summarized Quarterly Data (Unaudited)

Note 21. Summarized Quarterly Data (Unaudited)

	Fiscal Year 2011 Quarters
	1st		2nd			3rd			4th			Total
	(In thousands, except per share data)
Net sales	$	285,599	$	273,814		$	173,243		$	153,872		$	886,528
Gross profit	$	123,681	$	102,662		$	47,386		$	37,573		$	311,302
Net income (loss)(1)(2) (3)	$	12,818	$	(59,066	)	$	(62,587	)	$	(62,985	)	$	(171,820	)
Dividends on convertible preferred stock	$	2,625	$	2,625		$	2,625		$	2,625		$	10,500
Net income (loss) allocable to common shareholders(1) (2)(3)(4)	$	10,193	$	(61,691	)	$	(65,212	)	$	(65,610	)	$	(182,320	)
Earnings (loss) per common share(6)
Basic(1)(2)(3)(4)	$	0.16	$	(0.96	)	$	(1.01	)	$	(1.01	)	$	(2.82	)
Diluted(1)(2)(3)(4)	$	0.15	$	(0.96	)	$	(1.01	)	$	(1.01	)	$	(2.82	)

	Fiscal Year 2010 Quarters
	1st		2nd		3rd			4th			Total
	(In thousands, except per share data)
Net sales	$	302,875	$	303,609	$	175,644		$	185,528		$	967,656
Gross profit	$	137,295	$	123,626	$	49,051		$	55,524		$	365,496
Net income (loss)(5)	$	20,303	$	11,465	$	(18,317	)	$	(32,255	)	$	(18,804	)
Dividends on convertible preferred stock	$	2,625	$	2,625	$	2,625		$	2,625		$	10,500
Net income (loss) allocable to common shareholders(5)	$	17,678	$	8,840	$	(20,942	)	$	(34,880	)	$	(29,304	)
Earnings (loss) per common share(6)
Basic(5)	$	0.28	$	0.14	$	(0.33	)	$	(0.54	)	$	(0.46	)
Diluted(5)	$	0.24	$	0.14	$	(0.33	)	$	(0.54	)	$	(0.46	)

(1) During the second quarter of 2011, the Company recognized $52,751,000 ($0.82 per share) of tax expense in order to establish a valuation allowance against its U.S. deferred tax assets. During the third and fourth quarters of 2011, in connection with the establishment of the valuation allowance, the Company recognized $12,237,000 ($0.19 per share) and $9,397,000 ($0.14 per share), respectively, of certain tax assets on intercompany profits (see Note 16).

(2) Net loss and net loss allocable to common shareholders for the second quarter of 2011 have been corrected from the amounts previously reported to correct an overstatement in the valuation allowance related to deferred tax assets. As a result of this correction, net loss and net loss allocable to common shareholders were decreased by $4,498,000, and loss per common share decreased from $(1.03) per share to $(0.96) per share. This will be reflected in the interim condensed consolidated financial statements on the Company’s 2012 Quarterly Report on Form 10-Q.

(3) During the first quarter of 2011, the Company recognized an after-tax gain of $3,924,000 ($0.05 per share) in connection with the sale of certain buildings (see Note 7).

(4) During the second quarter of 2011, the Company recognized an after-tax impairment charge of $3,329,000 ($0.05 per share) related to certain trademarks and trade names (see Note 9).

(5) During the fourth quarter of 2010, the Company recognized an after-tax impairment charge of $4,793,000 ($0.07 per share) related to certain trademarks and trade names (see Note 9).

(6) Earnings per share is computed individually for each of the quarters presented; therefore, the sum of the quarterly earnings per share may not necessarily equal the total for the year.