Avon 2011 Annual Report Download - page 105
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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(2) Operating profit by quarter was impacted by the following:
2011 First Second Third Fourth Year
Costs to implement restructuring initiatives:
Cost of sales $ 1.2 $ 3.5 $3.5 $ 3.0 $ 11.2
Selling, general and administrative expenses 13.5 8.5 1.1 5.7 28.8
Total costs to implement restructuring initiatives $14.7 $12.0 $4.6 $ 8.7 $ 40.0
Impairment of Silpada goodwill and intangible asset $ – $ – $ – $263.0 $263.0
2010 First Second Third Fourth Year
Costs to implement restructuring initiatives:
Cost of sales $ 2.5 $ 2.2 $2.2 $ 2.6 $ 9.5
Selling, general and administrative expenses 2.7 8.2 4.6 55.7 71.2
Total costs to implement restructuring initiatives $ 5.2 $10.4 $6.8 $ 58.3 $ 80.7
Venezuelan special items $39.1 $33.4 $7.0 $ – $ 79.5
(3) The sum of per share amounts for the quarters does not necessarily equal that for the year because the computations were made independently.
A V O N 2011 F-45