text: than reported and earnings per share would have been reduced approx-  The Company expects to mitigate any future increases in material costs 
  
  imately $0.06, $0.04 and $0.02 per diluted share, respectively.  through various initiatives, including alternative materials and sup- 
  
  pliers and its rapid continuous improvement program. 
  **Recent Accounting Pronouncements**
  
  See the Notes to the Consolidated Financial Statements for a full  ***S E L L I N G A N D A D M I N I S T R A T I V E E X P E N S E S***
  
  description of recent accounting pronouncements including the respec-  Selling and administrative expenses, excluding restructuring charges, 
  
  tive expected dates of adoption and effects on results of operations and  increased 5.8% in 2003 and decreased 2.2% in 2002. The increase in 
  
  financial conditions.  2003 was due to additional investment of approximately $14 million in 
  
  brand building and selling initiatives, and increased freight costs of 
  
  $7 million due to rate increases, fuel surcharges, and volume. The 
  
  decrease in 2002 was due to no longer amortizing goodwill and certain 
  
  other intangible assets of approximately $9 million and lower overall 