XML 47 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Income Statement [Abstract]        
Net sales $ 414.9 $ 440.5 $ 815.1 $ 884.3
Cost of sales 364.6 396.3 720.9 796.5
Gross profit (loss) 50.3 44.2 94.2 87.8
Selling, general and administrative expenses 21.9 19.9 43.3 38.7
Operating income (loss) 28.4 24.3 50.9 49.1
Interest expense 9.9 9.8 19.9 19.7
Gain on sale of investment in joint venture (6.3) 0.0 (6.3) 0.0
Other (income) expense, net (0.2) 0.1 (0.1) 0.2
Income before provision for income taxes and equity income 25.0 14.4 37.4 29.2
Provision for income taxes 7.9 5.5 12.4 10.8
Income (loss) before equity income 17.1 8.9 25.0 18.4
Equity income, net of tax 0.1 0.2 0.3 0.5
Net income 17.2 9.1 25.3 18.9
Less: Net income attributable to noncontrolling interest 0.1 0.1 0.1 0.2
Net income attributable to Global Brass and Copper Holdings, Inc. $ 17.1 $ 9.0 $ 25.2 $ 18.7
Net income attributable to Global Brass and Copper Holdings, Inc. per common share:        
Basic (in usd per share) $ 0.80 $ 0.42 $ 1.19 $ 0.89
Diluted (in usd per share) $ 0.80 $ 0.42 $ 1.18 $ 0.88
Weighted average common shares outstanding:        
Basic (in shares) 21.3 21.2 21.2 21.1
Diluted (in shares) 21.4 21.3 21.3 21.2
Dividends declared per common share $ 0.0375 $ 0.0375 $ 0.075 $ 0.075