Quarterly Financial Data (Unaudited) (Notes)

12 Months Ended

Jan. 31, 2018

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information

QUARTERLY FINANCIAL DATA (UNAUDITED)

	2017 Quarters Ended*
(in millions, except per share amounts)	April 30		July 31		October 31		January 31 a
Net sales	$	899.6	$	959.7	$	976.2	$	1,334.3
Gross profit	557.6		598.2		598.4		850.6
Earnings from operations	145.6		181.3		160.3		307.2
Net earnings	92.9		115.0		100.2		61.9
Net earnings per share:
Basic	$	0.75	$	0.92	$	0.81	$	0.50
Diluted	$	0.74	$	0.92	$	0.80	$	0.50

^a  For the quarter ended January 31, 2018, includes net tax expense of $146.2 million, or $1.17 per diluted share, related to the estimated impact of the 2017 Tax Act (see "Note O. Income Taxes").

	2016 Quarters Ended*
(in millions, except per share amounts)	April 30		July 31		October 31		January 31 b
Net sales	$	891.3	$	931.6	$	949.3	$	1,229.6
Gross profit	545.6		577.1		579.5		788.2
Earnings from operations	134.6		174.9		155.2		256.5
Net earnings	87.5		105.7		95.1		157.8
Net earnings per share:
Basic	$	0.69	$	0.84	$	0.76	$	1.27
Diluted	$	0.69	$	0.84	$	0.76	$	1.26

^b  On a pre-tax basis, includes charges for the quarter ended January 31, 2017 of:

i. $25.4 million, which reduced net earnings per diluted share by $0.13, associated with an impairment charge related to software costs capitalized in connection with the development of a new finished goods inventory management and merchandising information system (see "Note B. Summary of Significant Accounting Policies" and "Note E. Property, Plant and Equipment"); and

ii. $12.6 million, which reduced net earnings per diluted share by $0.06, associated with impairment charges related to financing arrangements with diamond mining and exploration companies (see "Note B. Summary of Significant Accounting Policies").

* The sum of quarterly amounts may not agree with full year amounts due to rounding.

Basic and diluted earnings per share are computed independently for each quarter presented. Accordingly, the sum of the quarterly earnings per share may not agree with the calculated full year earnings per share.