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Selected Quarterly Financial Data (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2019
Selected Quarterly Financial Information [Abstract]  
Schedule of Selected Quarterly Financial Data (Unaudited)
The table below sets forth selected unaudited financial data for each quarter of the years ended December 31, 2019 and December 31, 2018 (in millions, except per share amounts):
 
Year Ended December 31, 2019
 
Year Ended December 31, 2018
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
Net revenues
$
1,001.7

 
$
1,102.5

 
$
1,133.1

 
$
1,208.1

 
$
1,082.6

 
$
1,204.1

 
$
1,179.8

 
$
1,181.0

Gross margin
582.3

 
636.8

 
678.4

 
719.3

 
618.4

 
700.9

 
711.0

 
710.9

Income before income taxes
44.5

 
77.8

 
118.1

 
174.0

 
41.4

 
150.9

 
152.0

 
188.4

Net income(1)
$
31.1

 
$
46.2

 
$
99.3

 
$
168.4

 
$
34.4

 
$
116.5

 
$
223.8

 
$
192.2

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income per share:(2)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
$
0.09

 
$
0.13

 
$
0.29

 
$
0.50

 
$
0.10

 
$
0.33

 
$
0.65

 
$
0.56

Diluted
$
0.09

 
$
0.13

 
$
0.29

 
$
0.49

 
$
0.10

 
$
0.33

 
$
0.64

 
$
0.55

 
_______________
(1) 
Net income for the third and fourth quarters of 2018 include a lower statutory tax rate due to the Tax Act and tax benefits related to items unique to 2018. See Note 14, Income Taxes, for further discussion.
(2) 
Net income per share is computed independently. Therefore, the sum of the quarterly net income per share may not equal the total computed for the year or any cumulative interim period.