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Quarterly Financial Information (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information
The following is an analysis of certain line items in the Consolidated Statements of Income by quarter for 2015 and 2014:
(in millions of dollars, except per share data)
1st Quarter
 
2nd Quarter
 
3rd Quarter
 
4th Quarter
2015
 
 
 
 
 
 
 
Net sales(1)
$
290.0

 
$
394.7

 
$
413.6

 
$
412.1

Gross profit
80.2

 
126.7

 
133.7

 
137.8

Operating income
2.6

 
49.2

 
54.8

 
56.9

Net income (loss)
$
(5.8
)
 
$
27.7

 
$
32.6

 
$
31.4

Basic income (loss) per share:
 
 
 
 
 
 
 
Net income (loss)(2)
$
(0.05
)
 
$
0.25

 
$
0.30

 
$
0.30

Diluted income (loss) per share:
 
 
 
 
 
 
 
Net income (loss)(2)
$
(0.05
)
 
$
0.25

 
$
0.30

 
$
0.29

2014
 
 
 
 
 
 
 
Net sales(1)
$
329.4

 
$
427.7

 
$
472.2

 
$
459.9

Gross profit
88.5

 
131.2

 
153.3

 
156.9

Operating income (loss)
(0.6
)
 
43.9

 
61.8

 
68.5

Net income (loss)
$
(7.8
)
 
$
21.3

 
$
34.2

 
$
43.9

Basic income (loss) per share:
 
 
 
 
 
 
 
Net income (loss)(2)
$
(0.07
)
 
$
0.19

 
$
0.30

 
$
0.39

Diluted income (loss) per share:
 
 
 
 
 
 
 
Net income (loss)(2)
$
(0.07
)
 
$
0.18

 
$
0.29

 
$
0.38


(1)
Historically, our business has experienced higher sales and earnings in the third and fourth quarters of the calendar year. Two principal factors contribute to this seasonality: (1) the office products industry, its customers and ACCO Brands specifically are major suppliers of products related to the "back-to-school" season, which occurs principally from June through September for our North American business and from November through February for our Australian and Brazilian businesses; and (2) several products we sell lend themselves to calendar year-end purchase timing, including AT-A-GLANCE® and Day-Timer® planners, paper organization and storage products (including bindery) and Kensington computer accessories, which have higher sales in the fourth quarter driven by traditionally strong fourth-quarter sales of personal computers and tablets.

(2)
The sum of the quarterly earnings per share amounts may not equal the total for the year due to the effects of rounding, dilution as a result of issuing common shares and repurchasing of common shares during the year.