Black & Decker 2010 Annual Report Download - page 140

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During 2010, the Company recognized $538.4 million ($421.1 million after tax), or $2.80 per diluted share, in charges primarily related to
the Merger which included amortization of inventory step-up, facility closure-related charges, certain executive compensation and
severance costs, transaction and integration costs partially offset by pension curtailment gains. The impact of these merger and
acquisition-related charges and effect on diluted earnings per share by quarter was as follows:
Merger and Acquisition-Related Charge Diluted EPS Impact
• Q1 2010 - $212.8 million ($178.7 million after-tax) $1.80 per diluted share
• Q2 2010 - $229.4 million ($160.3 million after-tax) $0.97 per diluted share
• Q3 2010 - $57.5 million ($41.4 million after-tax) $0.24 per diluted share
• Q4 2010 - $38.7 million ($40.7 million after-tax) $0.24 per diluted share
In the second quarter of 2010, the Company recognized an income tax benefit attributable to the settlement of certain tax contingencies of
$36 million, or $0.24 per diluted share ($0.21 per diluted share on a full-year basis).
In the second quarter of 2009, the Company recognized a $43.8 million, or $0.34 per diluted share, pre-tax gain from the repurchase of
$103.0 million junior subordinated debt securities. In the fourth quarter of 2009, the Company recognized $19.3 million, or $0.22 per
diluted share, in pre-tax transaction and integration planning charges primarily related to the pending Black & Decker merger.
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