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Summarized Quarterly Financial Information (Unaudited)
 12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Summarized Quarterly Financial Information (Unaudited)
Summarized Quarterly Financial Information (Unaudited)
 
 
 
2017
 
 
First
 
Second
 
Third
 
Fourth
(In millions, except per share amounts)
 
Quarter
 
Quarter
 
Quarter
 
Quarter
Net sales
 
$
1,032.2

 
$
1,070.3

 
$
1,131.3

 
$
1,227.8

Gross profit
 
336.4

 
344.3

 
362.1

 
374.4

Net (loss) earnings from continuing operations
 
(53.7
)
 
29.0

 
62.5

 
25.0

Gain (loss) on sale of discontinued operations, net of taxes
 
—

 
—

 
699.3

 
(58.6
)
Net earnings from discontinued operations, net of tax(2)
 
10.5

 
75.1

 
25.7

 
0.1

Net (loss) earnings available to common stockholders(1)
 
$
(43.2
)
 
$
104.1

 
$
787.5

 
$
(33.5
)
Basic:
 
 
 
 
 
 
 
 
Continuing operations
 
$
(0.27
)
 
$
0.14

 
$
0.33

 
$
0.14

Discontinued operations(2)
 
0.05

 
0.39

 
3.86

 
(0.33
)
Net (loss) earnings per common share - basic
 
$
(0.22
)
 
$
0.53

 
$
4.19

 
$
(0.19
)
Diluted:
 
 
 
 
 
 
 
 
Continuing operations
 
$
(0.27
)
 
$
0.14

 
$
0.33

 
$
0.14

Discontinued operations(2)
 
0.05

 
0.38

 
3.82

 
(0.33
)
Net (loss) earnings per common share - diluted
 
$
(0.22
)
 
$
0.52

 
$
4.15

 
$
(0.19
)
 
 
 
2016
 
 
First
 
Second
 
Third
 
Fourth
(In millions, except per share amounts)
 
Quarter
 
Quarter
 
Quarter
 
Quarter
Net sales
 
$
1,005.9

 
$
1,038.9

 
$
1,065.1

 
$
1,101.4

Gross profit
 
335.6

 
349.7

 
356.7

 
362.9

Net earnings from continuing operations
 
75.3

 
2.0

 
63.7

 
151.3

Net earnings from discontinued operations, net of tax
 
27.2

 
47.6

 
99.5

 
19.8

Net earnings available to common stockholders(1)
 
$
102.5

 
$
49.6

 
$
163.2

 
$
171.1

Basic:
 
 
 
 
 
 
 
 
Continuing operations
 
$
0.38

 
$
0.01

 
$
0.33

 
$
0.78

Discontinued operations
 
0.14

 
0.24

 
0.51

 
0.10

Net earnings per common share - basic
 
$
0.52

 
$
0.25

 
$
0.84

 
$
0.88

Diluted:
 
 
 
 
 
 
 
 
Continuing operations
 
$
0.38

 
$
0.01

 
$
0.32

 
$
0.77

Discontinued operations
 
0.14

 
0.24

 
0.51

 
0.10

Net earnings per common share - diluted
 
$
0.52

 
$
0.25

 
$
0.83

 
$
0.87

 
       
(1) 
The sum of the quarterly per share amounts may not agree to the respective annual amounts due to rounding.
(2) 
For the three months ended June 30, 2017, there was a revision to net earnings from discontinued operations, net of tax, on the Consolidated Statement of Operations related to depreciation and amortization on Diversey assets held for sale. As a result, selling, general and administrative expenses decreased $6.1 million, amortization expenses of intangible assets acquired decreased $16.5 million and income tax provision from discontinued operations increased $6.2 million.