Joint Venture Investment

12 Months Ended

Dec. 31, 2017

Equity Method Investments and Joint Ventures [Abstract]

Joint Venture Investments

17. Joint-Venture Investment

Summarized below is the financial information for the Pelikan Artline joint-venture, in which we owned a 50% non-controlling interest, through May 1, 2016, which was accounted for using the equity method. Accordingly, we recorded our proportionate share of earnings or losses on the line entitled "Equity in earnings of joint-venture" in the Consolidated Statements of Income.

	Year Ended December 31,
(in millions of dollars)	2016		2015
Net sales	$	34.9	$	111.2
Gross profit	14.1		45.5
Net income	4.1		15.8

On May 2, 2016, the Company completed the PA Acquisition and accordingly, the results of Pelikan Artline are included in the Company's consolidated financial statements from the date of the PA Acquisition, May 2, 2016. For further information, see "Note 3. Acquisitions" for details on the PA Acquisition.