|
|
Year Ended June 30, |
|
|
|
(In millions, except share data) |
|
2000 |
|
1999 |
|
1998 |
|
|
|
Net sales |
$ |
1,462.1 |
$ |
1,504.5 |
$ |
1,313.3 |
Cost of products sold |
|
920.5 |
|
998.3 |
|
898.2 |
Selling, administrative and general expense |
|
384.2 |
|
375.3 |
|
316.4 |
Special charges related to plant consolidation |
|
10.9 |
|
17.2 |
|
9.6 |
Acquisition expense |
|
|
|
0.9 |
|
6.9 |
|
|
|
|
Operating income |
|
146.5 |
|
112.8 |
|
82.2 |
Interest expense |
|
67.1 |
|
77.6 |
|
77.5 |
Other expense (income) |
|
|
|
2.0 |
|
(1.3) |
|
|
|
|
Income before income taxes and extraordinary item |
|
79.4 |
|
33.2 |
|
6.0 |
Provision (benefit) for income taxes |
|
(53.6) |
|
0.5 |
|
0.5 |
|
|
|
|
Income before extraordinary item |
|
133.0 |
|
32.7 |
|
5.5 |
Extraordinary loss from early debt retirement, net of tax benefit |
|
4.3 |
|
19.2 |
|
|
|
|
|
|
Net income |
$ |
128.7 |
$ |
13.5 |
$ |
5.5 |
|
|
|
Basic net income per common share: |
|
|
|
|
|
|
|
Income before extraordinary item |
$ |
2.55 |
$ |
0.69 |
$ |
0.01 |
|
Net income |
|
2.47 |
|
0.23 |
|
0.01 |
Diluted net income per common share: |
|
|
|
|
|
|
|
Income before extraordinary item |
$ |
2.50 |
$ |
0.68 |
$ |
0.01 |
|
Net income |
|
2.42 |
|
0.23 |
|
0.01 |
See accompanying Notes to Consolidated Financial Statements. |