Annual report pursuant to Section 13 and 15(d)

Quarterly Data (unaudited) (Tables)

v3.6.0.2
Quarterly Data (unaudited) (Tables)
12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Schedule of quarterly financial information
 
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.