| Schedule of quarterly financial information |
The first three quarters of fiscal year 2012 ended on March 31, 2012, June 30, 2012, and September 29, 2012, and the first three quarters of fiscal year 2011 ended on April 2, 2011, July 2, 2011, and October 1, 2011.
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Quarter Ended |
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(in millions, except per share data) |
March 31,
2012 |
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June 30,
2012 |
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September 29,
2012 |
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December 31,
2012 |
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Year Ended December 31, 2012 |
Net sales |
$ |
959.6 |
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|
$ |
1,053.9 |
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$ |
874.3 |
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$ |
829.8 |
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$ |
3,717.6 |
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Gross margin (A)
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238.2 |
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283.9 |
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233.0 |
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188.9 |
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944.0 |
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Restructuring, exit and impairment charges |
0.2 |
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0.8 |
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14.3 |
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10.5 |
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25.8 |
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Loss on early extinguishment of debt |
— |
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4.4 |
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7.5 |
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4.4 |
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16.3 |
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Net earnings (loss) from continuing operations |
47.0 |
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94.0 |
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22.5 |
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(16.1 |
) |
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147.4 |
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Net loss from discontinued operations, net of tax |
(7.3 |
) |
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(10.4 |
) |
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(20.5 |
) |
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(59.2 |
) |
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(97.4 |
) |
Net earnings (loss) |
39.7 |
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83.6 |
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2.0 |
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(75.3 |
) |
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50.0 |
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Basic earnings (loss) per common share: |
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Net earnings (loss) from continuing operations |
$ |
0.52 |
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$ |
1.05 |
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$ |
0.25 |
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$ |
(0.18 |
) |
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$ |
1.64 |
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Net loss from discontinued operations |
$ |
(0.08 |
) |
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$ |
(0.12 |
) |
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$ |
(0.23 |
) |
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$ |
(0.66 |
) |
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$ |
(1.08 |
) |
Net earnings (loss) |
$ |
0.44 |
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$ |
0.93 |
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$ |
0.02 |
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$ |
(0.84 |
) |
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$ |
0.56 |
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Diluted earnings (loss) per common share: |
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Net earnings (loss) from continuing operations |
$ |
0.51 |
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$ |
1.02 |
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$ |
0.24 |
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$ |
(0.18 |
) |
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$ |
1.59 |
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Net loss from discontinued operations |
$ |
(0.08 |
) |
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$ |
(0.12 |
) |
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$ |
(0.22 |
) |
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$ |
(0.66 |
) |
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$ |
(1.05 |
) |
Net earnings (loss) |
$ |
0.43 |
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$ |
0.90 |
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$ |
0.02 |
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$ |
(0.84 |
) |
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$ |
0.54 |
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Dividends declared |
$ |
— |
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$ |
— |
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$ |
— |
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$ |
0.05 |
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$ |
0.05 |
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Common stock price (NYSE symbol: BC): |
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High |
$ |
26.70 |
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$ |
27.04 |
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$ |
25.46 |
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$ |
29.09 |
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$ |
29.09 |
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Low |
$ |
18.49 |
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$ |
19.83 |
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$ |
20.21 |
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$ |
21.24 |
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$ |
18.49 |
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Quarter Ended |
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(in millions, except per share data) |
April 2,
2011 |
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July 2,
2011 |
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October 1,
2011 |
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December 31,
2011 |
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Year Ended December 31, 2011 |
Net sales |
$ |
964.3 |
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$ |
1,082.5 |
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$ |
861.7 |
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$ |
761.5 |
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$ |
3,670.0 |
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Gross margin (A)
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236.6 |
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276.3 |
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203.9 |
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160.6 |
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877.4 |
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Restructuring, exit and impairment charges (gains) |
5.0 |
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(0.5 |
) |
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12.6 |
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4.2 |
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21.3 |
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Loss on early extinguishment of debt |
4.3 |
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0.9 |
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11.7 |
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2.9 |
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19.8 |
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Net earnings (loss) from continuing operations |
33.0 |
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74.5 |
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8.5 |
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(25.4 |
) |
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90.6 |
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Net loss from discontinued operations, net of tax |
(5.5 |
) |
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(5.2 |
) |
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(3.8 |
) |
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(4.2 |
) |
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(18.7 |
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Net earnings (loss) |
27.5 |
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69.3 |
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4.7 |
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(29.6 |
) |
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71.9 |
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Basic earnings (loss) per common share: |
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Net earnings (loss) from continuing operations |
$ |
0.37 |
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$ |
0.83 |
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$ |
0.10 |
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$ |
(0.28 |
) |
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$ |
1.02 |
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Net loss from discontinued operations |
$ |
(0.06 |
) |
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$ |
(0.05 |
) |
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$ |
(0.05 |
) |
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$ |
(0.05 |
) |
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$ |
(0.21 |
) |
Net earnings (loss) |
$ |
0.31 |
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$ |
0.78 |
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$ |
0.05 |
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$ |
(0.33 |
) |
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$ |
0.81 |
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Diluted earnings (loss) per common share: |
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Net earnings (loss) from continuing operations |
$ |
0.36 |
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$ |
0.81 |
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$ |
0.09 |
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$ |
(0.28 |
) |
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$ |
0.98 |
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Net loss from discontinued operations |
$ |
(0.06 |
) |
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$ |
(0.06 |
) |
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$ |
(0.04 |
) |
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$ |
(0.05 |
) |
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$ |
(0.20 |
) |
Net earnings (loss) |
$ |
0.30 |
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$ |
0.75 |
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$ |
0.05 |
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$ |
(0.33 |
) |
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$ |
0.78 |
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Dividends declared |
$ |
— |
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$ |
— |
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$ |
— |
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$ |
0.05 |
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$ |
0.05 |
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Common stock price (NYSE symbol: BC): |
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High |
$ |
25.51 |
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$ |
26.93 |
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$ |
21.91 |
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$ |
19.14 |
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$ |
26.93 |
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Low |
$ |
18.95 |
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$ |
17.09 |
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$ |
13.61 |
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$ |
13.46 |
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$ |
13.46 |
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(A) |
Gross margin is defined as Net sales less Cost of sales as presented in the Consolidated Statements of Operations. |
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