Selected Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2017

Quarterly Financial Information Disclosure [Abstract]

Selected Quarterly Financial Data (Unaudited)



	Quarter Ended
	Mar. 31			Jun. 30			Sept. 30			Dec. 31
	(Dollars in millions, except per share data)
2017
Net sales	$	343.8		$	350.9		$	352.2		$	366.0
Gross profit	55.5			60.3			57.2			61.6
Net income	10.1			3.2			10.2			6.0
Net income attributable to noncontrolling interest	(0.3		)	(0.2		)	(0.2		)	(0.2		)
Net income attributable to ParkOhio common shareholders	$	9.8		$	3.0		$	10.0		$	5.8
Earnings per common share attributable to ParkOhio common shareholders:
Basic	$	0.80		$	0.25		$	0.82		$	0.48
Diluted	$	0.79		$	0.24		$	0.80		$	0.46
Cash dividends per common share	$	0.125		$	0.125		$	0.125		$	0.125
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

Income of $3.3 million from the reversal of a litigation reserve was recorded in the first quarter of 2017 in conjunction with the settlement of the IPSCO legal matter.

A loss on extinguishment of debt of $11.0 million was recorded in the second quarter of 2017 in connection with the April 2017 repurchase of Senior Notes due 2021 and amendment of our credit agreement.

Income tax expense of $4.2 million was recorded in the fourth quarter of 2017 from the net impact of the U.S. Tax Act.

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.