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21. QUARTERLY FINANCIAL DATA (UNAUDITED)
(In millions, Except Per Share Amounts) First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
2010:
Revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,042.9 $1,033.0 $1,019.7 $1,104.0
Gross profit
(1)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 384.8 380.0 361.2 393.5
Operating income
(1)
. . . . . . . . . . . . . . . . . . . . . . . . . 133.3 118.9 93.2 101.6
Net earnings
(1)
............................. 95.3 85.1 72.0 87.6
Basic EPS*
(1)
.............................. $ 1.21 $ 1.08 $ 0.92 $ 1.11
Diluted EPS*
(1)
............................ 1.20 1.07 0.90 1.10
Stock prices:
High ................................... $ 36.82 $ 40.08 $ 45.36 $ 47.72
Low.................................... 25.50 33.03 32.22 34.58
2009:
Revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 944.1 $ 904.6 $ 958.0 $1,073.2
Gross profit
(2)
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 333.4 280.8 312.9 382.7
Operating income
(2)
......................... 74.6 27.7 24.0 89.8
Net earnings
(2)
............................. 59.2 17.0 10.0 59.8
Basic EPS*
(2)
.............................. $ 0.76 $ 0.22 $ 0.13 $ 0.76
Diluted EPS*
(2)
............................ 0.75 0.22 0.13 0.76
Stock prices:
High ................................... $ 28.94 $ 20.39 $ 22.26 $ 27.87
Low.................................... 15.31 15.06 14.48 20.09
The Company acquired Perceptive Software on June 7, 2010. The consolidated financial results include those of Perceptive
Software subsequent to the acquisition. Refer to Note 20 for financial information regarding Perceptive Software.
The sum of the quarterly data may not equal annual amounts due to rounding.
* The sum of the quarterly earnings per share amounts does not necessarily equal the annual earnings per share due to changes in
average share calculations. This is in accordance with prescribed reporting requirements.
(1) Net earnings for the first quarter of 2010 included $14.7 million of pre-tax restructuring-related charges and project costs in
connection with the Company’s restructuring plans.
Net earnings for the second quarter of 2010 included $8.7 million of pre-tax restructuring-related charges and project costs in
connection with the Company’s restructuring plans and $6.3 million of pre-tax charges in connection with the Company’s
acquisition.
Net earnings for the third quarter of 2010 included $7.7 million of pre-tax restructuring-related charges and project costs in
connection with the Company’s restructuring plans and $5.9 million of pre-tax charges in connection with the Company’s
acquisition.
Net earnings for the fourth quarter of 2010 included $7.6 million of pre-tax restructuring-related charges and project costs in
connection with the Company’s restructuring plans and $6.8 million of pre-tax charges in connection with the Company’s
acquisition.
(2) Net earnings for the first quarter of 2009 included $12.8 million of pre-tax restructuring-related charges and project costs in
connection with the Company’s restructuring plans.
Net earnings for the second quarter of 2009 included $31.7 million of pre-tax restructuring-related charges and project costs in
connection with the Company’s restructuring plans.
Net earnings for the third quarter of 2009 included $50.8 million of pre-tax restructuring-related charges and project costs in
connection with the Company’s restructuring plans.
Net earnings for the fourth quarter of 2009 included $45.9 million of pre-tax restructuring-related charges and project costs in
connection with the Company’s restructuring plans.
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