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Selected Quarterly Financial Data (unaudited)
 12 Months Ended
Dec. 31, 2015
Quarterly Financial Data [Abstract]  
Selected Quarterly Financial Data (unaudited)
Selected Quarterly Financial Data (unaudited)

 
2015 Quarters
 
2014 Quarters
(In millions, except for per share amounts)
1st

 
2nd

 
3rd

 
4th

 
1st

 
2nd

 
3rd

 
4th

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenues
$
776.1

 
760.3

 
759.2

 
765.8

 
$
949.6

 
859.0

 
872.5

 
881.2

Operating profit
12.9

 
(14.6
)
 
25.3

 
33.0

 
(73.7
)
 
8.7

 
61.2

 
(23.7
)
Amounts attributable to Brink’s:
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Income (loss) from:
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Continuing operations
$
(0.6
)
 
(13.0
)
 
7.7

 
(3.2
)
 
$
(59.0
)
 
0.9

 
28.8

 
(25.5
)
Discontinued operations
(2.4
)
 
0.1

 
(0.1
)
 
(0.4
)
 
0.5

 
0.7

 
(8.6
)
 
(21.7
)
Net income (loss) attributable to Brink’s
$
(3.0
)
 
(12.9
)
 
7.6

 
(3.6
)
 
$
(58.5
)
 
1.6

 
20.2

 
(47.2
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Depreciation and amortization
$
36.7

 
36.5

 
33.1

 
33.6

 
$
41.9

 
40.9

 
39.7

 
39.4

Capital expenditures
14.3

 
20.9

 
26.0

 
39.9

 
23.8

 
32.3

 
26.3

 
53.7

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings (loss) per share attributable to Brink’s common shareholders:
Basic
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Continuing operations
$
(0.01
)
 
(0.26
)
 
0.16

 
(0.07
)
 
$
(1.21
)
 
0.02

 
0.59

 
(0.52
)
Discontinued operations
(0.05
)
 
—

 
—

 
(0.01
)
 
0.01

 
0.01

 
(0.17
)
 
(0.44
)
Net income (loss)
$
(0.06
)
 
(0.26
)
 
0.16

 
(0.07
)
 
$
(1.20
)
 
0.03

 
0.41

 
(0.96
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Diluted
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Continuing operations
$
(0.01
)
 
(0.26
)
 
0.16

 
(0.07
)
 
$
(1.21
)
 
0.02

 
0.58

 
(0.52
)
Discontinued operations
(0.05
)
 
—

 
—

 
(0.01
)
 
0.01

 
0.01

 
(0.17
)
 
(0.44
)
Net income (loss)
$
(0.06
)
 
(0.26
)
 
0.15

 
(0.07
)
 
$
(1.20
)
 
0.03

 
0.41

 
(0.96
)


Earnings per share.  Earnings per share amounts for each quarter are required to be computed independently.  As a result, their sum may not equal the annual earnings per share.

Discontinued operations.  In early 2015, we sold a small Mexican parcel delivery business.  In 2014, we completed the divestitures of cash-in-transit operations in the Netherlands, Australia and Puerto Rico.  

The results of these operations have been excluded from continuing operations and are reported as discontinued operations for all periods.

Significant pretax items in a quarter.  In the first quarter of 2015, we recognized an $18.0 million remeasurement loss related to our change in February 2015 from the SICAD II exchange mechanism to the SIMADI. In the second quarter of 2015, we recognized a $34.5 million impairment of the Venezuela property and equipment (and another $0.8 million in the third quarter). In the third quarter of 2015, we initiated a restructuring of our business and recognized a $2.0 million charge related to contract terminations, employee severance and property impairment (and another $9.6 million in the fourth quarter). In the fourth quarter of 2015, we recognized a $5.9 million loss on the sale of our interest in a cash management business in Russia.

In the first quarter of 2014, we recognized a $121.9 million remeasurement loss related to our change in March 2014 from the official exchange rate in Venezuela to the SICAD II exchange rate mechanism in Venezuela.  In the third quarter of 2014, we recognized a $44.3 million gain on the sale of a noncontrolling interest in a Peruvian cash-in-transit business.  In the fourth quarter of 2014, we recognized a $56.1 million pension settlement charge related to a lump-sum buy-out offer and a $21.8 million severance charge related to the reorganization and restructuring of our global organization.

Significant after-tax items in a quarter. In the fourth quarter of 2015, we recognized a $23.5 million increase to current tax expense related to a transaction that accelerated U.S. taxable income.