±«ÓćÖ±²„

Note A ā€“ Basis of Presentation

±«ÓćÖ±²„ Corporation (together with its subsidiaries, collectively known as ā€œ±«ÓćÖ±²„ā€ or ā€œthe Companyā€) uses a 52/53 week fiscal year ending on the Saturday closest to DecemberĀ 31 of each year. For presentation purposes herein, all references to periods ended September 2016, DecemberĀ 2015 and September 2015 relate to the fiscal periods ended on OctoberĀ 1, 2016, JanuaryĀ 2, 2016 and OctoberĀ 3, 2015, respectively.

On August 26, 2016, ±«ÓćÖ±²„ completed the sale of its Contemporary Brands coalition. As a result, ±«ÓćÖ±²„ has reported the operating results of this coalition in the income (loss) from discontinued operations lineĀ in the Consolidated Statements of Income for all periods presented. In addition, the related assets and liabilities were reported asĀ assets of discontinued operations and liabilities of discontinued operations in the Consolidated Balance Sheets through the date of sale. Unless otherwise noted, discussion within these notes to the consolidated financial statements relates to continuing operations.Ā See Note B for additional information on discontinued operations.

The accompanying unaudited consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X and do not include all of the information and notes required by generally accepted accounting principles in the United States of America (ā€œGAAPā€) for complete financial statements. Similarly, the December 2015 consolidated balance sheet was derived from audited financial statements but does not include all disclosures required by GAAP. In the opinion of management, the accompanying unaudited consolidated financial statements contain all normal and recurring adjustments necessary to fairly state the consolidated financial position, results of operations and cash flows of ±«ÓćÖ±²„ for the interim periods presented. Operating results for the three and nine months ended September 2016 are not necessarily indicative of results that may be expected for any other interim period or for the year ending DecemberĀ 31, 2016. For further information, refer to the consolidated financial statements and notes included in ±«ÓćÖ±²„ā€™s Annual Report on Form 10-K for the year ended December 2015 (ā€œ2015 Form 10-Kā€).