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14 Jarden Corporation Annual Report 2012
Selected Financial Data
Jarden Corporation Annual Report 2012
(b) The results of Mapa Spontex Baby Care and Home Care businesses, Aero Products International, Inc. and Quickie Manufacturing Corporation are
included from their dates of acquisition of April 1, 2010, October 1, 2010 and December 17, 2010, respectively.
(c) Reorganization costs include costs associated with exit or disposal activities, including costs of employee and lease terminations and facility closings
or other exit activities. Additionally, these costs include expenses directly related to integrating and reorganizing acquired businesses and include
items such as employee retention, recruiting costs, certain moving costs, certain duplicative costs during integration and asset impairments (see
Note 16 to the consolidated financial statements).
(d) In January 2012, the Company announced that the Board had decided to suspend the Company’s dividend program following the dividend paid on
January 31, 2012.
(e) Working capital is defined as current assets less current liabilities. For 2012, 2011, 2010, 2009 and 2008, working capital excluding cash was $1.0
billion, $1.2 billion, $998 million, $676 million and $982 million, respectively.
Selected Quarterly Financial Data (Unaudited)
(a) Earnings per share calculations for each quarter are based on the weighted average number of shares outstanding for each period, and the sum of
the quarterly amounts may not necessarily equal the annual earnings per share amounts.
(b) The results of operations for the fourth quarter of 2012 includes $33.6 of cumulative stock-based compensation related to certain restricted share
awards where compensation expense was not previously recognized as the achievement of the performance targets was not deemed probable (see
Note 13 to the consolidated financial statements) and $17.8 of reorganization costs.
The results of operations for the fourth quarter of 2011 include impairment charges of $52.5, primarily comprised of an impairment charge of $43.5
related to the impairment of goodwill and intangibles (see Note 6 to the consolidated financial statements); $17.2 of reorganization costs and $15.0
of acquisition-related and other costs, net.
(In millions, except per share amounts)
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter(b) Total
2012
Net sales $ 1,495.4 $ 1,675.6 $ 1,705.9 $ 1,819.2 $ 6,696.1
Gross profit 419.6 496.4 501.0 507.8 1,924.8
Net income as reported 35.1 83.2 76.9 48.7 243.9
Basic earnings per share (a) 0.41 1.09 1.00 0.65 3.12
Diluted earnings per share (a) 0.41 1.08 1.00 0.64 3.10
2011
Net sales $ 1,483.4 $ 1,673.8 $ 1,784.7 $ 1,738.0 $ 6,679.9
Gross profit 401.8 477.5 517.0 461.7 1,858.0
Net income as reported 19.0 73.9 90.7 21.1 204.7
Basic earnings per share (a) 0.21 0.83 1.03 0.24 2.33
Diluted earnings per share (a) 0.21 0.83 1.03 0.24 2.31