XML 62 R30.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Quarterly Data
 12 Months Ended
Dec. 31, 2019
Quarterly Data [Abstract]  
Quarterly Data 23. Quarterly Data (Unaudited)

Net Income

Earnings (Loss) Attributable

(Loss)

to Ferro Corporation Common

Attributable

Shareholders Per Common

Net Income

to Ferro

Share

Net Sales

Gross Profit

(Loss)

Corporation

Basic

Diluted

(Dollars in thousands, except per share data)

2018

Quarter 1

$

274,448

$

88,740

$

23,598

$

23,391

$

0.28

$

0.27

Quarter 2

273,544

90,793

29,861

29,668

0.35

0.35

Quarter 3

267,739

79,732

16,143

16,058

0.19

0.19

Quarter 4

266,492

80,470

11,344

10,976

0.13

0.13

Total

$

1,082,223

$

339,735

$

80,946

$

80,093

$

0.95

$

0.94

2019

Quarter 1

$

264,240

$

78,012

$

13,878

$

13,604

$

0.16

$

0.16

Quarter 2

261,978

79,343

11,109

10,871

0.13

0.13

Quarter 3

246,291

76,186

13,210

12,820

0.16

0.16

Quarter 4

245,857

75,275

(30,782)

(31,257)

(0.38)

(0.38)

Total

$

1,018,366

$

308,816

$

7,415

$

6,038

$

0.07

$

0.07

Quarterly earnings per share amounts do not always add to the full-year amounts due to the averaging of shares.

Restructuring and impairment charges in 2019 were $1.7 million in the first quarter, $4.1 million in the second quarter, $2.1 million in the third quarter, and $3.1 million in the fourth quarter. Restructuring and impairment charges in 2018 were $1.2 million in the first quarter, $2.1 million in the second quarter, $1.5 million in the third quarter, and $2.3 million in the fourth quarter. Additionally, Net income (loss) and Net income (loss) attributable to Ferro Corporation during the fourth quarter of 2019 include an impairment charge of $33.5 million associated with the Tile Coatings business. The impairment charge and related assets are recorded within discontinued operations and as assets held-for-sale, respectively, in our consolidated financial statements as of December 31, 2019. Mark-to-market net losses on our postretirement benefit plans was $13.3 million in the fourth quarter of 2019 and net loses of $16.5 million in the fourth quarter of 2018.