Unaudited Quarterly Data

12 Months Ended

Dec. 31, 2017

Quarterly Financial Information Disclosure [Abstract]

Unaudited Quarterly Data

Unaudited Quarterly Data

	2017 Quarters
	First		Second (a)		Third (b)		Fourth (c)		Year
Net Sales	$	242.1	$	248.7	$	245.1	$	244.0	$	979.9
Gross Profit	52.0		53.6		48.0		45.1		198.7
Operating Income	27.0		29.2		29.0		19.1		104.3
Income From Continuing Operations	17.6		25.0		18.8		18.9		80.3
Earnings Per Common Share From Continuing Operations:
Basic	$	1.04	$	1.47	$	1.11	$	1.11	$	4.74
Diluted	$	1.03	$	1.46	$	1.10	$	1.10	$	4.68

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(a) Income from continuing operations includes a prior year tax adjustment of $4.1 million related to the Company's assertion of indefinite reinvestment of undistributed earnings of foreign subsidiaries.

(b) Includes proceeds of a representations and warranties insurance settlement related to the FiberMark acquisition of $3.2 million, less acquisition costs of $0.7 million and SERP settlement charges of $0.2 million.

(c) Includes acquisition/integration costs of $0.6 million and pension/SERP settlement charges of $0.4 million. Also, income from continuing operations includes net tax benefits of $5.9 million, primarily from the Tax Act.

	2016 Quarters
	First		Second		Third		Fourth (e)		Year (d)(e)
Net Sales	$	242.1	$	246.0	$	232.9	$	220.5	$	941.5
Gross Profit	58.8		60.0		49.2		46.5		214.5
Operating Income	31.4		33.9		26.9		21.9		114.1
Income From Continuing Operations	19.2		21.4		16.4		16.4		73.4
Earnings Per Common Share From Continuing Operations:
Basic	$	1.13	$	1.26	$	0.97	$	0.97	$	4.33
Diluted	$	1.11	$	1.24	$	0.95	$	0.95	$	4.26

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(d) Includes integration/restructuring costs of $7.0 million.

(e)     Includes a pension plan settlement charge of $0.8 million.