Quarterly Financial Information (unaudited)

12 Months Ended

Dec. 31, 2015

Quarterly Financial Information (unaudited)

Quarterly Financial Information (unaudited)

(19) Quarterly Financial Information (unaudited)

	First Quarter		Second Quarter		Third Quarter			Fourth Quarter
	(in millions, except per share information)
Year ended December 31, 2015
Net sales	$	356.2	$	386.9	$	366.3		$	358.3
Gross profit		130.5		145.8		142.2			134.6
Net income (loss)		11.6		19.3		(25.7	)		(118.2	)
Per common share:
Basic
Net income (loss)		0.33		0.55		(0.73	)		(3.41	)
Diluted
Net income (loss)		0.33		0.55		(0.73	)		(3.41	)
Dividends declared per common share		0.15		0.17		0.17			0.17
Year ended December 31, 2014
Net sales	$	365.2	$	396.0	$	376.0		$	376.5
Gross profit		133.3		139.0		138.1			131.4
Net income (loss)		14.1		21.3		22.6			(7.7	)
Per common share:
Basic
Net income (loss)		0.40		0.60		0.64			(0.22	)
Diluted
Net income (loss)		0.40		0.60		0.64			(0.22	)
Dividends declared per common share		0.13		0.15		0.15			0.15

        In the fourth quarter of 2015, the Company recorded an after-tax goodwill impairment charge of $126.3 million relating to the EMEA reporting unit, impairment charges of $0.4 million relating to indefinite-lived trade names, $5.6 million of restructuring charges, $4.0 million of deployment costs relating to the EMEA, Americas, and Asia-Pacific transformation programs. In the fourth quarter of 2015, the Company recorded an after-tax charge of $2.2 million for a settlement in principle relating to two class action lawsuits regarding legacy products.