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Quarterly Financial Data
12 Months Ended
Dec. 31, 2014
Quarterly Financial Data [Abstract]  
Quarterly Financial Information
Quarterly Financial Data (Unaudited)
The following tables present the unaudited financial data for each of the interim periods in 2014 and 2013.
 
 
Quarter
Ended
31-Mar
 
Quarter
Ended
30-Jun
 
Quarter
Ended
30-Sep
 
Quarter
Ended
31-Dec
2014
 
 
 
 
 
 
 
 
Net sales
 
$
335.1

 
$
344.1

 
$
338.9

 
$
338.0

Cost of products sold, excluding depreciation, amortization and other items
 
282.9

 
275.5

 
280.4

 
278.7

Unrealized (gains) losses on derivative instruments
 
(2.0
)
 
(1.6
)
 
3.6

 
10.4

Gross profit
 
54.2

 
70.2

 
54.9

 
48.9

Operating income
 
32.1

 
46.4

 
32.6

 
26.8

Net income
 
$
15.8

 
$
24.5

 
$
15.9

 
$
15.6

Net income per common share, Basic
 
$
0.88

 
$
1.38

 
$
0.90

 
$
0.88

Net income per common share, Diluted
 
$
0.85

 
$
1.33

 
$
0.85

 
$
0.85

 
 
Quarter
Ended
31-Mar
 
Quarter
Ended
30-Jun
 
Quarter
Ended
30-Sep
 
Quarter
Ended
31-Dec
2013
 
 
 
 
 
 
 
 
Net sales
 
$
337.4

 
$
328.9

 
$
319.9

 
$
311.3

Cost of products sold, excluding depreciation, amortization and other items
 
263.6

 
261.5

 
259.5

 
254.3

Unrealized losses (gains) on derivative instruments
 
0.7

 
4.2

 
(1.5
)
 
(4.1
)
Gross profit
 
73.1

 
63.2

 
61.9

 
61.1

Operating income
 
50.0

 
40.1

 
41.6

 
41.6

Net income
 
$
33.5

 
$
18.6

 
$
25.4

 
$
27.3

Net income per common share, Basic
 
$
1.75

 
$
0.99

 
$
1.37

 
$
1.48

Net income per common share, Diluted
 
$
1.73

 
$
0.98

 
$
1.34

 
$
1.44