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Quarterly Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data (Unaudited)

23. Quarterly Financial Data (Unaudited)

The following tables present select quarterly financial data for 2019 and 2018:

 

Historical

 

2019

 

 

2018

 

 

 

First

 

 

Second

 

 

Third

 

 

Fourth

 

 

First

 

 

Second

 

 

Third

 

 

Fourth

 

Statements of operations:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

418.0

 

 

$

504.7

 

 

$

448.0

 

 

$

463.4

 

 

$

386.1

 

 

$

495.3

 

 

$

450.1

 

 

$

515.3

 

Cost of sales

 

 

337.8

 

 

 

409.5

 

 

 

359.6

 

 

 

383.1

 

 

 

317.7

 

 

 

404.8

 

 

 

370.1

 

 

 

426.1

 

Gross profit

 

 

80.2

 

 

 

95.2

 

 

 

88.4

 

 

 

80.3

 

 

 

68.4

 

 

 

90.5

 

 

 

80.0

 

 

 

89.2

 

Operating income (loss)

 

 

16.2

 

 

 

41.9

 

 

 

32.5

 

 

 

17.8

 

 

 

1.7

 

 

 

24.1

 

 

 

16.9

 

 

 

(62.0

)

Income (loss) from continuing

   operations before income taxes

 

 

(23.4

)

 

 

49.9

 

 

 

21.2

 

 

 

11.3

 

 

 

(6.1

)

 

 

8.7

 

 

 

0.8

 

 

 

(75.1

)

Provision (benefit) for income taxes

 

 

3.3

 

 

 

3.9

 

 

 

3.1

 

 

 

2.1

 

 

 

3.9

 

 

 

(1.2

)

 

 

(10.7

)

 

 

3.2

 

Net income (loss) from continuing

   operations

 

 

(26.7

)

 

 

46.0

 

 

 

18.1

 

 

 

9.2

 

 

 

(10.0

)

 

 

9.9

 

 

 

11.5

 

 

 

(78.3

)

Loss from discontinued

   operations, net of income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(0.2

)

 

 

 

 

 

 

Net income (loss)

 

$

(26.7

)

 

$

46.0

 

 

$

18.1

 

 

$

9.2

 

 

$

(10.0

)

 

$

9.7

 

 

$

11.5

 

 

$

(78.3

)

Basic (loss) income per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) income from

   continuing operations

 

$

(0.75

)

 

$

1.29

 

 

$

0.51

 

 

$

0.26

 

 

$

(0.28

)

 

$

0.28

 

 

$

0.32

 

 

$

(2.20

)

Loss from discontinued

   operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(0.01

)

 

 

 

 

 

 

Net income (loss) per share

 

$

(0.75

)

 

$

1.29

 

 

$

0.51

 

 

$

0.26

 

 

$

(0.28

)

 

$

0.27

 

 

$

0.32

 

 

$

(2.20

)

Diluted (loss) income per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) from continuing

   operations

 

$

(0.75

)

 

$

1.29

 

 

$

0.51

 

 

$

0.26

 

 

$

(0.28

)

 

$

0.27

 

 

$

0.32

 

 

$

(2.20

)

Loss from discontinued

   operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) per share

 

$

(0.75

)

 

$

1.29

 

 

$

0.51

 

 

$

0.26

 

 

$

(0.28

)

 

$

0.27

 

 

$

0.32

 

 

$

(2.20

)

Dividends per common share

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$