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Selected Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2019
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
2019
 
 
 
 
 
 
 
Net sales
$
420.1

 
$
415.3

 
$
403.4

 
$
379.5

Gross profit
65.3

 
66.2

 
66.5

 
62.3

Net income
11.7

 
7.9

 
12.4

 
7.7

Net income attributable to noncontrolling interest
(0.5
)
 
(0.3
)
 
(0.2
)
 
(0.1
)
Net income attributable to ParkOhio common shareholders
$
11.2

 
$
7.6

 
$
12.2

 
$
7.6

Earnings per common share attributable to ParkOhio common shareholders:
 
 
 
 
 
 
 
Basic
$
0.92

 
$
0.62

 
$
1.00

 
$
0.62

Diluted
$
0.90

 
$
0.61

 
$
0.99

 
$
0.61

Cash dividends per common share
$
0.125

 
$
0.125

 
$
0.125

 
$
0.125

2018
 
 
 
 
 
 
 
Net sales
$
405.7

 
$
432.2

 
$
414.3

 
$
405.9

Gross profit
65.1

 
73.1

 
65.9

 
67.4

Net income
10.2

 
15.0

 
14.7

 
15.3

Net income attributable to noncontrolling interest
(0.4
)
 
(0.2
)
 
(0.5
)
 
(0.5
)
Net income attributable to ParkOhio common shareholders
$
9.8

 
$
14.8

 
$
14.2

 
$
14.8

Earnings per common share attributable to ParkOhio common shareholders:
 
 
 
 
 
 
 
Basic
$
0.80

 
$
1.20

 
$
1.15

 
$
1.21

Diluted
$
0.78

 
$
1.18

 
$
1.14

 
$
1.19

Cash dividends per common share
$
0.125

 
$
0.125

 
$
0.125

 
$
0.125



Results for the second quarter of 2019 include net expense of $4.3 million due to the retirement and resignation of our former President.

Income of $1.9 million from the gain on sale of assets was recorded in the second quarter of 2018.