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Consolidated Statements of Operations (unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Net sales $ 366.3 $ 373.7 $ 680.4 $ 696.4
Cost of goods sold 217.9 230.8 410.8 442.2
Gross profit 148.4 142.9 269.6 254.2
Selling, general and administrative expenses 74.3 73.1 145.4 144.6
Research and development expenses 5.9 5.4 11.2 11.2
Interest expense and related financing costs 17.7 0.4 30.2 0.8
Interest expense, net - related party 0.0 0.6 0.0 0.4
Other expense, net 2.5 0.6 3.8 0.2
Total costs and expenses 105.2 83.4 200.6 164.8
Income before income taxes 43.2 59.5 69.0 89.4
Provision for income taxes (12.8) (32.1) (21.2) (41.4)
Net income 30.4 27.4 47.8 48.0
Less: net income attributable to noncontrolling interests (0.3) (0.2) (0.7) (0.3)
Net income attributable to GCP shareholders $ 30.1 $ 27.2 $ 47.1 $ 47.7
Basic earnings per share:        
Net income attributable to GCP shareholders (in usd per share) $ 0.43 $ 0.39 $ 0.67 $ 0.68
Weighted average number of basic shares 70.8 70.5 70.7 70.5
Diluted earnings per share:        
Net income attributable to GCP shareholders (in usd per share) $ 0.42 $ 0.39 $ 0.66 $ 0.68
Weighted average number of diluted shares 71.4 70.5 71.2 70.5
Repositioning        
Restructuring expenses $ 4.7 $ 0.0 $ 9.0 $ 0.0
Changes in Business Environment and Structure        
Restructuring expenses $ 0.1 $ 3.3 $ 1.0 $ 7.6