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QUARTERLY FINANCIAL INFORMATION (UNAUDITED) (Tables)
12 Months Ended
Dec. 31, 2011
Quarterly Results of Operations

The following is a summary of the quarterly results of operations for the years ended December 31, 2011, 2010 and 2009.

 

     Three Months Ended  
     March 31, 2011     June 30, 2011     September 30, 2011      December 31, 2011  
     (in millions of U.S. dollars, except per share data)  

Revenues

   $ 547.0      $ 565.3      $ 528.4       $ 595.3   

Cost of sales

   $ 408.6      $ 418.0      $ 395.7       $ 448.0   

Gross profit

   $ 138.4      $ 147.3      $ 132.7       $ 147.3   

Net earnings

   $ 21.4 (a)    $ 30.3 (b)    $ 27.5       $ 34.2 (c) 

Net earnings per common share, diluted

   $ 0.41 (a)    $ 0.60 (b)    $ 0.58       $ 0.76 (c) 
     Three Months Ended  
     March 31, 2010     June 30, 2010     September 30, 2010      December 31, 2010  
     (in millions of U.S. dollars, except per share data)  

Revenues

   $ 550.0      $ 580.0      $ 572.4       $ 631.1   

Cost of sales

   $ 403.4      $ 423.8      $ 421.5       $ 475.9   

Gross profit

   $ 146.6      $ 156.2      $ 150.9       $ 155.2   

Net earnings

   $ 322.5 (d)    $ 11.1 (e)    $ 27.0       $ 24.8   

Net earnings per common share, diluted

   $ 6.26 (d)    $ 0.21 (e)    $ 0.52       $ 0.47   
     Three Months Ended  
     March 31, 2009     June 30, 2009     September 30, 2009      December 31, 2009  
     (in millions of U.S. dollars, except per share data)  

Revenues

   $ 551.2      $ 544.0      $ 544.1       $ 605.0   

Cost of sales

   $ 427.5      $ 410.0      $ 407.6       $ 448.5   

Gross profit

   $ 123.7      $ 134.0      $ 136.5       $ 156.5   

Net earnings (f)

   $ 13.0      $ 15.9      $ 13.8       $ 24.0   

Net earnings per common share, diluted (f)

   $ 0.27      $ 0.33      $ 0.28       $ 0.48   

 

(a) Includes a $8.2 million loss on extinguishment of debt, net of tax, or $0.16 per common share, diluted, related to our cash tender offer, consent solicitation and redemption of our outstanding 2015 Notes. For further information, see Note 3, Long-Term Debt.
(b) Includes a $3.4 million loss on extinguishment of debt, net of tax, or $0.07 per common share, diluted, related to the replacement and termination of our Prior Senior Secured Credit Facility. For further information, see Note 3, Long-Term Debt.
(c) Includes $4.3 million, net of tax, or $0.09 per common share, diluted, in intangible asset write-offs (see Note 2, Goodwill and Other Intangible Assets, for further information) and $4.2 million, net of tax, or $0.08 per common share, diluted, in postemployment and other reorganization costs.
(d) Includes a $301.4 million gain on litigation settlement, net of tax and related payments, or $5.85 per common share, diluted, associated with the News America litigation settlement proceeds. For further information, see Note 8, Gain from Litigation Settlement.
(e)

Includes a $14.7 million loss on extinguishment of debt, net of tax, or $0.28 per common share, diluted, related to our tender offer and open market repurchases of $297.8 million aggregate principal amount of our 8 1/4% Senior Notes due 2015. For further information, see Note 3, Long-Term Debt.

(f) Includes a $6.2 million gain on extinguishment of debt, net of tax, or $0.13 per common share, diluted, related to our repurchases of an aggregate principal amount of $133.5 million of outstanding term loans under our senior secured credit facility. For further information, see Note 3, Long-Term Debt.