Toro 2012 Annual Report Download - page 71
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Please find page 71 of the 2012 Toro annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.There were no transfers between Level 1 and Level 2 during the
fiscal years ended October 31, 2012 and 2011.
As of October 31, 2012, the estimated fair value of long-term 16 QUARTERLY FINANCIAL DATA (unaudited)
debt with fixed interest rates was $262,458 compared to its carry-
Summarized quarterly financial data for fiscal 2012 and 2011 are
ing amount of $226,858. As of October 31, 2011, the estimated fair
as follows:
value of long-term debt with fixed interest rates was $248,653
compared to its carrying amount of $228,735. The fair value is
estimated by discounting the projected cash flows using the rate at Fiscal year ended
October 31, 2012
which similar amounts of debt could currently be borrowed.
Quarter First Second Third Fourth
Net sales $423,835 $691,485 $504,076 $339,294
Gross profit 146,651 235,422 178,122 112,899
Net earnings 19,923 68,818 40,549 251
15 SUBSEQUENT EVENTS
Basic net earnings per share
1
0.33 1.15 0.69 0.00
Diluted net earnings per share
1
0.33 1.13 0.67 0.00
The company evaluated all subsequent events and concluded that
no subsequent events have occurred that would require recognition
in the financial statements or disclosure in the notes to the finan- Fiscal year ended
October 31, 2011
cial statements.
Quarter First Second Third Fourth
Net sales $383,213 $631,601 $501,045 $368,094
Gross profit 136,645 213,554 167,661 118,787
Net earnings 17,282 60,250 35,091 5,035
Basic net earnings per share
1
0.27 0.96 0.56 0.08
Diluted net earnings per share
1
0.27 0.94 0.55 0.08
1
Net earnings per share amounts do not sum to equal full year total due to
changes in the number of shares outstanding during the periods and rounding.
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