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Segment Information (Tables)
 9 Months Ended
Sep. 30, 2017
Segment Reporting [Abstract]  
Summary of segment's results of operations
The following table summarizes financial information regarding each reportable segment’s results of operations:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 (amounts in millions)
2017
 
2016
 
2017
 
2016
Net Sales:
 
 
 
 
 
 
 
Performance Solutions
$
480.6

 
$
454.9

 
$
1,390.0

 
$
1,312.9

Agricultural Solutions
423.7

 
435.6

 
1,317.2

 
1,323.0

Consolidated net sales
$
904.3

 
$
890.5

 
$
2,707.2

 
$
2,635.9

Adjusted EBITDA:
 

 
 

 
 

 
 

Performance Solutions
$
115.5

 
$
109.9

 
$
320.5

 
$
290.7

Agricultural Solutions
81.1

 
80.2

 
274.4

 
260.7

Consolidated adjusted EBITDA
$
196.6

 
$
190.1

 
$
594.9

 
$
551.4

The following table reconciles net (loss) income attributable to common stockholders to adjusted EBITDA:
 
Three months ended September 30,
 
Nine Months Ended September 30,
 (amounts in millions)
2017
 
2016
 
2017
 
2016
Net (loss) income attributable to common stockholders
$
(69.2
)

$
104.7


$
(154.7
)

$
(39.0
)
Add (subtract):
 
 
 
 
 
 
 
Gain on amendment of Series B Convertible Preferred Stock
—

 
(32.9
)
 
—

 
(32.9
)
Net income (loss) attributable to the non-controlling interests
2.9


(5.9
)

4.8


(4.7
)
Income tax expense
37.5


20.4


67.3


65.7

Interest expense, net
85.6

 
98.5

 
260.0

 
289.7

Depreciation expense
21.3

 
18.9

 
58.4

 
55.8

Amortization expense
71.2

 
68.0

 
207.0

 
199.1

EBITDA
149.3


271.7


442.8


533.7

Adjustments to reconcile to adjusted EBITDA:
 
 
 
 
 
 
 
Restructuring expense
9.4


7.3


21.0


19.5

Amortization of inventory step-up
—


—


—


11.7

Acquisition and integration costs
0.5


3.2


4.5


27.4

Non-cash change in fair value of contingent consideration
1.0


0.2


3.2


4.3

Legal settlements
—


—


(10.6
)
*
(2.8
)
Foreign exchange loss on foreign denominated external and internal
long-term debt
26.4


12.0


95.4


58.7

Debt refinancing costs
0.8

 
—

 
14.7

 
—

Gain on settlement agreement related to Series B Convertible Preferred Stock
—

 
(103.0
)
 
—

 
(103.0
)
Non-cash change in fair value of preferred stock redemption liability
—

 
(6.0
)
 
—

 
(6.0
)
Costs related to Proposed Separation
5.5

 
—

 
9.2

 
—

Other, net
3.7


4.7


14.7


7.9

Adjusted EBITDA
$
196.6


$
190.1


$
594.9


$
551.4

*
In the second quarter of 2017, the Company recorded a net gain of $10.6 million related to a settlement agreement reached between MacDermid Printing and DuPont. For additional information regarding the settlement, see Note 14, Contingencies, Environmental and Legal Matters, to the unaudited interim Condensed Consolidated Financial Statements included in this Quarterly Report.