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Selected Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2020
Selected Quarterly Financial Information [Abstract]  
Selected Quarterly Financial Data (Unaudited)
Note 16. Selected Quarterly Financial Data (Unaudited)
 

The table below sets forth selected unaudited financial data for each quarter of the years ended December 31, 2020 and December 31, 2019 (in millions, except per share amounts):
Year Ended December 31, 2020Year Ended December 31, 2019
First QuarterSecond QuarterThird QuarterFourth QuarterFirst QuarterSecond QuarterThird QuarterFourth Quarter
Net revenues$998.0 $1,086.3 $1,138.2 $1,222.6 $1,001.7 $1,102.5 $1,133.1 $1,208.1 
Gross margin579.3 619.6 657.8 717.0 582.3 636.8 678.4 719.3 
Income before income taxes28.3 86.1 111.6 39.2 44.5 77.8 118.1 174.0 
Net income$20.4 $61.2 $145.4 $30.8 $31.1 $46.2 $99.3 $168.4 
Net income per share:(*)
Basic$0.06 $0.18 $0.44 $0.09 $0.09  $0.13  $0.29 $0.50 
Diluted$0.06 $0.18 $0.43 $0.09 $0.09  $0.13  $0.29 $0.49 
 
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(*)    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.