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16. Quarterly Financial Data
 12 Months Ended
Dec. 31, 2016
Quarterly Financial Data [Abstract]  
Quarterly Financial Data [Text Block] 16. QUARTERLY FINANCIAL DATA (UNAUDITED)

Summarized quarterly financial data for 2016 and 2015 are as follows (in millions, except per share data):

 
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
2016
 
 
 
 
 
 
 
 
Net sales
 
$
471.2

 
$
516.8

 
$
508.7

 
$
571.5

Gross profit
 
264.0

 
280.2

 
279.5

 
314.4

Net income (loss)
 
12.3

 
18.0

 
18.4

 
(20.6
)
Basic earnings (loss) per share
 
$
0.42

 
$
0.61

 
$
0.63

 
$
(0.70
)
Diluted earnings (loss) per share
 
$
0.42

 
$
0.61

 
$
0.62

 
$
(0.70
)
 
 
 
 
 
 
 
 
 
2015
 
 
 
 
 
 
 
 
Net sales
 
$
472.8

 
$
506.1

 
$
470.0

 
$
570.6

Gross profit
 
270.1

 
279.6

 
263.5

 
308.5

Net income
 
17.8

 
28.4

 
17.4

 
49.5

Basic earnings per share
 
$
0.61

 
$
0.98

 
$
0.59

 
$
1.69

Diluted earnings per share
 
$
0.61

 
$
0.97

 
$
0.59

 
$
1.68




Note: As a result of the net loss for the three months ended December 31, 2016,
all potentially issuable common shares have been excluded from the diluted shares
used in the computation of earnings per share as their effect was anti-dilutive.