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Quarterly Financial Information (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information (Unaudited)
The following is a summary of the quarterly results of operations for the years ended December 31, 2017 and 2016.
 
2017
 
2016
In millions, except per share data
1Q
 
2Q
 
3Q
 
4Q
 
1Q
 
2Q
 
3Q
 
4Q
Net sales
$
218.5

 
$
260.3

 
$
264.1

 
$
229.5

 
$
199.6

 
$
245.4

 
$
252.4

 
$
210.9

Gross profit
70.7

 
89.8

 
93.2

 
75.3

 
63.0

 
74.7

 
80.4

 
56.3

Income (loss) before taxes
34.0

 
53.0

 
55.1

 
32.7

 
22.9

 
38.5

 
10.5

 
15.1

Net income (loss)
23.0

 
35.8

 
38.4

 
48.0

 
11.7

 
25.9

 
(4.9
)
 
11.7

Less: Net income (loss) attributable to noncontrolling interests
4.0

 
3.7

 
4.6

 
6.4

 
2.5

 
1.8

 
2.3

 
2.6

Net income (loss) attributable to Ingevity stockholders
$
19.0

 
$
32.1

 
$
33.8

 
$
41.6

 
$
9.2

 
$
24.1

 
$
(7.2
)
 
$
9.1

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic earnings (loss) per common share attributable to Ingevity stockholders
$
0.45

 
$
0.76

 
$
0.80

 
$
0.98

 
$
0.22

 
$
0.57

 
$
(0.17
)
 
$
0.22

Diluted earnings (loss) per common share attributable to Ingevity stockholders (1)
0.45

 
0.76

 
0.79

 
0.97

 
0.22

 
0.57

 
(0.17
)
 
0.22

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average shares outstanding
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
42.1

 
42.1

 
42.1

 
42.1

 
42.1

 
42.1

 
42.1

 
42.1

Diluted
42.4

 
42.4

 
42.5

 
42.6

 
42.1

 
42.1

 
42.1

 
42.3

_______________
(1)
Diluted earnings (loss) per share is calculated using net income (loss) available to common stockholders divided by diluted weighted-average shares of common shares outstanding during each period, which includes the dilutive effect of outstanding equity awards. Basic and diluted earnings (loss) per share for periods subsequent to the Separation are calculated using the weighted average number of common shares outstanding for the period beginning after the Distribution Date. Basic and diluted earnings (loss) per share for periods prior to the Separation are calculated using the number of common shares distributed on May 15, 2016. The sum of quarterly earnings per common share may differ from the full-year amount.