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Selected Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Data (Unaudited)
Selected Quarterly Financial Data (Unaudited)
 
Quarter Ended
 
Mar. 31,
 
Jun. 30,
 
Sept. 30,
 
Dec. 31,
 
(Dollars in millions, except per share data)
2016
 
 
 
 
 
 
 
Net sales
$
328.0

 
$
329.4

 
$
312.7

 
$
306.8

Gross profit
47.8

 
54.3

 
54.3

 
46.6

Net income
2.7

 
9.0

 
13.8

 
6.7

Net income attributable to noncontrolling interest
—

 
—

 
(0.3
)
 
(0.2
)
Net income attributable to ParkOhio common shareholders
$
2.7

 
$
9.0

 
$
13.5

 
$
6.5

Earnings per common share attributable to ParkOhio common shareholders:
 
 
 
 
 
 
 
Basic
$
0.22

 
$
0.74

 
$
1.12

 
$
0.53

Diluted
$
0.22

 
$
0.73

 
$
1.10

 
$
0.53

Cash dividends per common share
$
0.125

 
$
0.125

 
$
0.125

 
$
0.125

2015
 
 
 
 
 
 
 
Net sales
$
374.7

 
$
377.3

 
$
364.4

 
$
347.4

Gross profit
58.4

 
60.4

 
62.3

 
54.1

Net income
11.1

 
12.6

 
13.2

 
11.8

Net income attributable to noncontrolling interest
(0.3
)
 
(0.2
)
 
—

 
(0.1
)
Net income attributable to ParkOhio common shareholders
$
10.8

 
$
12.4

 
$
13.2

 
$
11.7

Earnings per common share attributable to ParkOhio common shareholders:
 
 
 
 
 
 
 
Basic
$
0.89

 
$
1.02

 
$
1.07

 
$
0.96

Diluted
$
0.87

 
$
1.00

 
$
1.06

 
$
0.95

Cash dividends per common share
$
0.125

 
$
0.125

 
$
0.125

 
$
0.125



An asset impairment charge of $4.0 million was recorded in the first quarter of 2016 due to the accelerated end of production in certain programs with an automotive customer.
In March 2016, the United States District Court for the Eastern District of Arkansas issued an order granting, in part, IPSCO's motion for fees and costs and awarding $2.2 million to IPSCO, which the Company accrued for in the fourth quarter of 2015.