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UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Income Statement [Abstract]    
Net sales $ 594.9 $ 439.6
Cost of sales 265.1 153.9
Gross profit 329.8 285.7
Selling, general and administrative expenses 353.6 248.1
Acquisition and integration costs 17.5 0.5
Restructuring charges and other, net 1.2 1.3
Operating (loss) income (42.5) 35.8
Other expenses, net:    
Interest expense 35.0 21.0
Amortization of debt issuance costs 2.2 1.5
Foreign currency gains, net (4.3) (3.4)
Miscellaneous, net 1.2 0.3
Other expenses, net 34.1 19.4
(Loss) income from continuing operations before income taxes (76.6) 16.4
(Benefit from) provision for income taxes (38.9) 5.8
(Loss) income from continuing operations, net of taxes (37.7) 10.6
Income from discontinued operations, net of taxes 0.3 0.4
Net (loss) income (37.4) 11.0
Other comprehensive income:    
Foreign currency translation adjustments, net of tax [1] 4.7 2.7
Amortization of pension related costs, net of tax [2],[3] 2.0 1.8
Pension curtailment gain, net of tax [4] 2.6 0.0
Reclassification into earnings of accumulated losses from the de-designated 2013 Interest Rate Swap, net of tax [5] 0.6 0.0
Revaluation of derivative financial instruments, net of reclassifications into earnings, net of tax [6] 0.0 (0.9)
Other comprehensive income, net 9.9 [7] 3.6
Total comprehensive (loss) income $ (27.5) $ 14.6
Basic (loss) earnings per common share:    
Continuing operations (usd per share) $ (0.72) $ 0.20
Discontinued operations (usd per share) 0.01 0.01
Net (loss) income (usd per share) (0.71) 0.21
Diluted (loss) earnings per common share:    
Continuing operations (usd per share) (0.72) 0.20
Discontinued operations (usd per share) 0.01 0.01
Net (loss) income (usd per share) $ (0.71) $ 0.21
Weighted average number of common shares outstanding:    
Basic 52,529,826 52,482,413
Diluted 52,529,826 52,649,763
[1] Net of tax expense of $1.0 million and $0.1 million for the three months ended March 31, 2017 and 2016, respectively.
[2] Net of tax expense of $0.4 million and $0.3 million for three months ended March 31, 2017 and 2016, respectively.
[3] This other comprehensive (loss) income component is included in the computation of net periodic benefit (income) costs. See Note 11, “Pension and Post-Retirement Benefits,” for additional information regarding net periodic benefit (income) costs.
[4] Net of tax expense of $0.3 million for the three months ended March 31, 2017.
[5] Net of tax benefit of $0.4 million for the three months ended March 31, 2017.
[6] Net of tax benefit of $0.5 million for the three months ended March 31, 2016.
[7] See Note 13, “Accumulated Other Comprehensive Loss,” regarding the changes in the accumulated balances for each component of other comprehensive loss during the three months ended March 31, 2017.