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Equity Investment (Tables)
9 Months Ended
Sep. 30, 2016
Equity Method Investments And Joint Ventures [Abstract]  
Summary of Investment in Joint Venture, Income Statement Data

Investment in joint venture as of September 30, 2016 reflected our 50% equity interest in WAVE.  Condensed income statement data for WAVE is summarized below. Segment results relating to WAVE, however, consist primarily of equity earnings, as we do not consolidate the sales, profit or earnings of WAVE in our results. 

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Net sales

 

$

102.6

 

 

$

103.5

 

 

$

300.5

 

 

$

284.2

 

Gross profit

 

 

54.0

 

 

 

53.4

 

 

 

160.9

 

 

 

140.9

 

Net earnings

 

 

41.8

 

 

 

42.3

 

 

 

124.0

 

 

 

108.4