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Quarterly Financial Information (Unaudited)
 12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information (Unaudited)

20.

Quarterly Financial Information (Unaudited)

 

(in millions, except per share data)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2018 Quarter Ended

 

 

2017 Quarter Ended

 

 

 

Mar

 

 

Jun

 

 

Sep

 

 

Dec

 

 

Mar

 

 

Jun

 

 

Sep

 

 

Dec

 

Net sales

 

$

2,017.6

 

 

$

2,007.6

 

 

$

1,836.7

 

 

$

2,071.0

 

 

$

1,972.4

 

 

$

1,949.5

 

 

$

1,813.1

 

 

$

2,068.3

 

Gross profit

 

 

1,291.0

 

 

 

1,274.4

 

 

 

1,160.1

 

 

 

1,339.6

 

 

 

1,307.5

 

 

 

1,274.1

 

 

 

1,159.5

 

 

 

1,325.4

 

Net earnings (loss) of Zimmer

   Biomet Holdings, Inc.

 

 

174.7

 

 

 

185.0

 

 

 

162.2

 

 

 

(901.1

)

 

 

299.4

 

 

 

184.2

 

 

 

98.8

 

 

 

1,231.4

 

Earnings (loss) per common

   share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

0.86

 

 

 

0.91

 

 

 

0.80

 

 

 

(4.42

)

 

 

1.49

 

 

 

0.91

 

 

 

0.49

 

 

 

6.08

 

Diluted

 

 

0.85

 

 

 

0.90

 

 

 

0.79

 

 

 

(4.42

)

 

 

1.47

 

 

 

0.90

 

 

 

0.48

 

 

 

6.03

 

 

In the three month period ended December 31, 2018, we recorded goodwill impairment charges of $975.9 million.

 

In the three month period ended December 31, 2017, we recognized a $1,272.4 million income tax benefit related to the 2017 Tax Act.  The benefit was partially offset by a $272.0 million goodwill impairment charge related to our Spine reporting unit.