Quarterly Financial Data

12 Months Ended

Dec. 31, 2014

Quarterly Financial Data [Abstract]

Quarterly Financial Data

21. Quarterly Financial Data (unaudited)

(in millions, except per share amounts)
2014	1st	2nd	3rd	4th
Net sales	$180.3	$193.5	$179.9	$191.6
Gross profit	74.8	75.3	68.6	72.9
Net income attributable to the Company	10.6	11.2	11.8	8.0
Basic earnings per share	0.33	0.35	0.37	0.26
Diluted earnings per share	0.33	0.35	0.37	0.25
Cash dividends per share	0.15	0.16	0.16	0.16
Class A Common Stock prices:
High	37.59	38.01	38.53	38.15
Low	32.85	33.67	34.04	32.46
2013
Net sales	$186.7	$198.0	$183.1	$189.6
Gross profit	72.8	77.4	68.0	72.4
Net income attributable to the Company	11.5	(7.4)	4.7	8.7
Basic earnings per share	0.36	(0.23)	0.15	0.27
Diluted earnings per share	0.36	(0.23)	0.15	0.27
Cash dividends per share	0.14	0.15	0.15	0.15
Class A Common Stock prices:
High	29.87	33.90	36.53	37.25
Low	23.21	27.48	32.27	33.81
2012
Net sales	$180.1	$191.9	$194.6	$194.3
Gross profit	68.3	78.5	79.7	79.0
Net income attributable to the Company	47.0	(33.7)	9.5	8.2
Basic earnings per share	1.50	(1.08)	0.30	0.27
Diluted earnings per share	1.49	(1.08)	0.30	0.26
Cash dividends per share	0.13	0.14	0.14	0.14
Class A Common Stock prices:
High	25.90	24.70	22.78	22.68
Low	22.35	17.15	17.66	20.11

In 2014, restructuring charges reduced earnings per share by $0.02 in the first quarter, $0.04 in the second quarter, $0.02 in the third quarter, and $0.04 in the fourth quarter.

In 2014, we recognized a gain related to the insurance recovery due to damage to a Machine Clothing manufacturing facility, $0.03 per share in the second quarter and $0.01 per share in the third quarter.

In 2014, earnings per share included a pension plan settlement charge of $0.16 per share in the fourth quarter.

In 2013, restructuring charges reduced earnings per share by $0.01 in the first quarter, $0.47 in the second quarter, $0.04 in the third quarter, and increased earnings per share by $0.03 in the fourth quarter.

In the first quarter of 2013, we recognized a gain of $0.08 per share related to the sale of a former manufacturing facility.

In 2012, earnings per share included pension plan settlement charges per share of $0.22 in the first quarter and $2.34 in the second quarter.

In 2012, income tax expense includes a favorable discrete adjustment for a Canadian audit settlement of $0.22 per share.

In 2012, restructuring charges reduced earnings per share by $0.02 in the first quarter, $0.06 in the second quarter, $0.07 in the third quarter, and $0.01 in the fourth quarter.

The Company's Class A Common Stock is traded principally on the New York Stock Exchange. As of December 31, 2014, there were approximately 7,000 beneficial owners of the Company's common stock, including employees owning shares through the Company's 401(k) defined contribution plan.