| Quarterly Data (unaudited) |
Quarterly Data (unaudited)
The Company maintains its financial records on the basis of a fiscal year ending on December 31, with the fiscal quarters spanning approximately thirteen weeks. The first quarter ends on the Saturday closest to the end of the first thirteen-week period. The second and third quarters are thirteen weeks in duration and the fourth quarter is the remainder of the year. The first three quarters of fiscal year 2016 ended on April 2, 2016, July 2, 2016, and October 1, 2016, and the first three quarters of fiscal year 2015 ended on April 4, 2015, July 4, 2015, and October 3, 2015.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Quarter Ended |
|
|
(in millions, except per share data) |
April 2,
2016 |
|
July 2,
2016 |
|
October 1,
2016 |
|
December 31,
2016 |
|
Year Ended December 31, 2016 |
Net sales |
$ |
1,070.3 |
|
|
$ |
1,242.2 |
|
|
$ |
1,093.0 |
|
|
$ |
1,083.0 |
|
|
$ |
4,488.5 |
|
Gross margin (A)
|
282.1 |
|
|
353.3 |
|
|
309.7 |
|
|
280.0 |
|
|
1,225.1 |
|
Pension settlement charge (B)
|
— |
|
|
— |
|
|
— |
|
|
55.1 |
|
|
55.1 |
|
Restructuring, integration and impairment charges (C)
|
3.8 |
|
|
2.6 |
|
|
2.4 |
|
|
6.8 |
|
|
15.6 |
|
Net earnings from continuing operations |
63.2 |
|
|
108.1 |
|
|
85.3 |
|
|
17.8 |
|
|
274.4 |
|
Net earnings (loss) from discontinued operations, net of tax (D)
|
1.6 |
|
|
(0.0 |
) |
|
0.1 |
|
|
(0.1 |
) |
|
1.6 |
|
Net earnings |
64.8 |
|
|
108.1 |
|
|
85.4 |
|
|
17.7 |
|
|
276.0 |
|
Basic earnings (loss) per common share: |
|
|
|
|
|
|
|
|
|
Net earnings from continuing operations |
$ |
0.69 |
|
|
$ |
1.18 |
|
|
$ |
0.94 |
|
|
$ |
0.20 |
|
|
$ |
3.01 |
|
Net earnings (loss) from discontinued operations (D)
|
$ |
0.02 |
|
|
$ |
(0.00 |
) |
|
$ |
0.00 |
|
|
$ |
(0.00 |
) |
|
$ |
0.02 |
|
Net earnings |
$ |
0.71 |
|
|
$ |
1.18 |
|
|
$ |
0.94 |
|
|
$ |
0.20 |
|
|
$ |
3.03 |
|
Diluted earnings (loss) per common share: |
|
|
|
|
|
|
|
|
|
Net earnings from continuing operations |
$ |
0.68 |
|
|
$ |
1.17 |
|
|
$ |
0.93 |
|
|
$ |
0.19 |
|
|
$ |
2.98 |
|
Net earnings (loss) from discontinued operations (D)
|
$ |
0.02 |
|
|
$ |
(0.00 |
) |
|
$ |
0.00 |
|
|
$ |
(0.00 |
) |
|
$ |
0.02 |
|
Net earnings |
$ |
0.70 |
|
|
$ |
1.17 |
|
|
$ |
0.93 |
|
|
$ |
0.19 |
|
|
$ |
3.00 |
|
Dividends declared |
$ |
0.15 |
|
|
$ |
0.15 |
|
|
$ |
0.15 |
|
|
$ |
0.165 |
|
|
$ |
0.615 |
|
Common stock price (NYSE symbol: BC): |
|
|
|
|
|
|
|
|
|
High |
$ |
50.31 |
|
|
$ |
51.59 |
|
|
$ |
50.96 |
|
|
$ |
56.30 |
|
|
$ |
56.30 |
|
Low |
$ |
36.05 |
|
|
$ |
41.19 |
|
|
$ |
44.10 |
|
|
$ |
42.02 |
|
|
$ |
36.05 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Quarter Ended |
|
|
(in millions, except per share data) |
April 4,
2015 |
|
July 4,
2015 |
|
October 3,
2015 |
|
December 31,
2015 |
|
Year Ended December 31, 2015 |
Net sales |
$ |
985.7 |
|
|
$ |
1,142.0 |
|
|
$ |
991.9 |
|
|
$ |
986.1 |
|
|
$ |
4,105.7 |
|
Gross margin (A)
|
258.8 |
|
|
324.4 |
|
|
281.7 |
|
|
249.7 |
|
|
1,114.6 |
|
Pension settlement charge (B)
|
— |
|
|
— |
|
|
— |
|
|
82.3 |
|
|
82.3 |
|
Restructuring, integration and impairment charges (C)
|
— |
|
|
— |
|
|
— |
|
|
12.4 |
|
|
12.4 |
|
Net earnings (loss) from continuing operations |
56.6 |
|
|
107.6 |
|
|
72.2 |
|
|
(9.0 |
) |
|
227.4 |
|
Net earnings (loss) from discontinued operations, net of tax (D)
|
0.4 |
|
|
10.2 |
|
|
3.7 |
|
|
(0.3 |
) |
|
14.0 |
|
Net earnings (loss) |
57.0 |
|
|
117.8 |
|
|
75.9 |
|
|
(9.3 |
) |
|
241.4 |
|
Basic earnings (loss) per common share: |
|
|
|
|
|
|
|
|
|
Net earnings (loss) from continuing operations |
$ |
0.60 |
|
|
$ |
1.15 |
|
|
$ |
0.78 |
|
|
$ |
(0.10 |
) |
|
$ |
2.45 |
|
Net earnings (loss) from discontinued operations (D)
|
$ |
0.01 |
|
|
$ |
0.11 |
|
|
$ |
0.04 |
|
|
$ |
(0.00 |
) |
|
$ |
0.15 |
|
Net earnings (loss) |
$ |
0.61 |
|
|
$ |
1.26 |
|
|
$ |
0.82 |
|
|
$ |
(0.10 |
) |
|
$ |
2.60 |
|
Diluted earnings (loss) per common share: |
|
|
|
|
|
|
|
|
|
Net earnings (loss) from continuing operations |
$ |
0.59 |
|
|
$ |
1.14 |
|
|
$ |
0.77 |
|
|
$ |
(0.10 |
) |
|
$ |
2.41 |
|
Net earnings (loss) from discontinued operations (D)
|
$ |
0.01 |
|
|
$ |
0.11 |
|
|
$ |
0.04 |
|
|
$ |
(0.00 |
) |
|
$ |
0.15 |
|
Net earnings (loss) |
$ |
0.60 |
|
|
$ |
1.25 |
|
|
$ |
0.81 |
|
|
$ |
(0.10 |
) |
|
$ |
2.56 |
|
Dividends declared |
$ |
0.125 |
|
|
$ |
0.125 |
|
|
$ |
0.125 |
|
|
$ |
0.15 |
|
|
$ |
0.525 |
|
Common stock price (NYSE symbol: BC): |
|
|
|
|
|
|
|
|
|
High |
$ |
56.63 |
|
|
$ |
56.03 |
|
|
$ |
55.76 |
|
|
$ |
55.65 |
|
|
$ |
56.63 |
|
Low |
$ |
50.03 |
|
|
$ |
49.79 |
|
|
$ |
46.08 |
|
|
$ |
47.51 |
|
|
$ |
46.08 |
|
(A) Gross margin is defined as Net sales less Cost of sales as presented in the Consolidated Statements of Operations.
(B) Pension settlement charges are discussed in Note 17 – Postretirement Benefits in the Notes to Consolidated Financial Statements.
(C) Restructuring, integration and impairment charges are discussed in Note 3 – Restructuring, Integration and Impairment Activities in the Notes to Consolidated Financial Statements.
(D) Certain quarterly earnings and earnings per share numbers include gains on the disposal of the bowling products business in 2015. Refer to Note 2 – Discontinued Operations in the Notes to Consolidated Financial Statements.
|
[1],[2],[3],[4] |