|$ in millions except per share amounts|
|Thirteen Weeks Ended|
|March 28,||March 29,||%|
|Diluted Net Earnings per Common Share||$||0.81||$||0.84||(4||)%|
- Sales increased 8 percent, including 3 percentage points from acquired operations. All reportable segments had single digit percentage increases. Sales increases in the Americas and EMEA were partially offset by a decrease in Asia Pacific.
- Gross margin rate was lower than the comparable period last year due to acquisition-related inventory charges, lower margins from acquired operations and changes in product mix.
- Operating earnings increased 4 percent, but a higher effective income tax rate led to a decrease in net earnings.
- The Company used $65 million cash to acquire a business and returned $64 million to investors through dividends and Company stock repurchases.