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Selected Quarterly Data (Tables)
 12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Summary of Quarterly Results of Operations
The following table summarizes the quarterly results of operations, including earnings per share:
 
2017
(in millions, except per share data)
March 31(a)
 
June 30(b)
 
September 30(c)
 
December 31(d)
Net sales
$
177.8

 
$
224.4

 
$
248.7

 
$
247.6

Gross profit
43.6

 
54.7

 
61.3

 
61.6

 
 
 
 
 
 
 
 
Income from continuing operations
7.2

 
11.5

 
12.5

 
29.3

Gain (loss) from discontinued operations and disposal, net
0.1

 
(0.1
)
 
—

 
1.1

Net income
$
7.3

 
$
11.4

 
$
12.5

 
$
30.4

Diluted earnings per share:
 
 
 
 
 
 
 
Earnings from continuing operations
$
0.12

 
$
0.19

 
$
0.21

 
$
0.48

Earnings (loss) from discontinued operations
0.00

 
0.00

 
—

 
0.02

Net earnings per share
$
0.12

 
$
0.19

 
$
0.21

 
$
0.50


(a)
Income from continuing operations includes purchase accounting expenses, acquisition and integration-related expenses, restructuring charges and executive severance costs of $0.5 million, $0.5 million, $0.3 million and $0.7 million, respectively.
(b)
Income from continuing operations includes purchase accounting expenses, acquisition and integration-related expenses, and restructuring charges of $2.5 million, $1.0 million and $0.1 million, respectively.
(c)
Income from continuing operations includes purchase accounting expenses, acquisition and integration-related expenses, and restructuring charges of $1.3 million, $0.7 million and $0.1 million, respectively, as well as $0.6 million of tax expense associated with a change in the enacted state tax rate in Illinois.
(d)
Income from continuing operations includes purchase accounting expenses, acquisition and integration-related expenses, restructuring charges, pension settlement charges and hearing loss settlement charges of $0.5 million, $0.5 million, $0.1 million, $6.1 million and $1.5 million, respectively, as well as a $20.8 million net benefit from special tax items, primarily represented by the Company’s preliminary estimate of the impact of the 2017 Tax Act, including the effect of the reduction in the corporate tax rate in the U.S.
 
2016(a)
(in millions, except per share data)
March 31(b)
 
June 30(c)
 
September 30(d)
 
December 31(e)
Net sales
$
172.8

 
$
172.3

 
$
186.7

 
$
176.1

Gross profit
47.4

 
45.0

 
45.3

 
45.4

 
 
 
 
 
 
 
 
Income from continuing operations
10.4

 
9.4

 
7.5

 
12.1

Gain (loss) from discontinued operations and disposal, net
3.2

 
(0.3
)
 
1.0

 
0.5

Net income
$
13.6

 
$
9.1

 
$
8.5

 
$
12.6

Diluted earnings per share:
 
 
 
 
 
 
 
Earnings from continuing operations
$
0.17

 
$
0.15

 
$
0.12

 
$
0.20

Earnings (loss) from discontinued operations
0.05

 
0.00

 
0.02

 
0.01

Net earnings per share
$
0.22

 
$
0.15

 
$
0.14

 
$
0.21


(a)
The adoption of ASU 2016-09 in the fourth quarter of 2016 did not impact the previously-reported quarterly results for 2016.
(b)
Income from continuing operations includes acquisition and integration-related expenses, restructuring charges and debt settlement charges of $0.5 million, $1.2 million and $0.3 million, respectively.
(c)
Income from continuing operations includes purchase accounting expenses and acquisition and integration-related expenses of $0.5 million and $0.4 million, respectively.
(d)
Income from continuing operations includes purchase accounting expenses, acquisition and integration-related expenses and restructuring charges of $2.5 million, $0.3 million and $0.4 million, respectively.
(e)
Income from continuing operations includes purchase accounting expenses, acquisition and integration-related expenses and restructuring charges of $0.9 million, $0.2 million and $0.1 million, respectively, as well as a $2.2 million net benefit resulting from changes in deferred tax valuation allowances in Canada and the U.K.