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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME (UNAUDITED) (USD $)
In Millions, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Net sales $ 347.0 $ 337.2 $ 1,034.8 $ 1,021.6
Cost of sales 127.0 123.1 367.1 358.3
Gross profit 220.0 214.1 667.7 663.3
Selling, general and administrative expenses 179.9 169.3 540.5 526.0
Restructuring charges 21.0   21.0  
Operating income 19.1 44.8 106.2 137.3
Other expenses, net:        
Interest expense 19.9 20.4 59.5 64.7
Interest expense - preferred stock dividends 1.6 1.6 4.8 4.8
Amortization of debt issuance costs 1.3 1.3 3.9 4.1
Loss on early extinguishment of debt, net       11.3
Foreign currency (gains) losses, net (0.1) (0.9) 2.0 2.4
Miscellaneous, net (0.1) 0.2 0.2 1.2
Other expenses, net 22.6 22.6 70.4 88.5
(Loss) income from continuing operations before income taxes (3.5) 22.2 35.8 48.8
Provision for income taxes 11.5 22.1 31.6 32.4
(Loss) income from continuing operations, net of taxes (15.0) 0.1 4.2 16.4
Income from discontinued operations, net of taxes     0.4 0.6
Net (loss) (15.0) 0.1 4.6 17.0
Other comprehensive (loss) income:        
Currency translation adjustment, net of tax of $(0.7) and nil for the three months ended September 30, 2012 and 2011, respectively, and $0.7 and nil for the nine months ended September 30, 2012 and 2011, respectively (1.9) (8.9) 0.3 (8.7)
Amortization of pension related costs, net of tax of $(0.2) and $(0.5) for the three months ended September 30, 2012 and 2011, respectively, and $(0.7) and $(1.5) for the nine months ended September 30, 2012 and 2011, respectively 1.8 0.9 7.5 [1] 2.7
Other comprehensive (loss) income (0.1) (8.0) 7.8 [2] (6.0)
Total comprehensive (loss) income $ (15.1) $ (7.9) $ 12.4 $ 11.0
Basic (loss) income per common share:        
Continuing operations $ (0.29)   $ 0.08 $ 0.31
Discontinued operations     $ 0.01 $ 0.01
Net (loss) income $ (0.29)   $ 0.09 $ 0.32
Diluted (loss) income per common share:        
Continuing operations $ (0.29)   $ 0.08 $ 0.31
Discontinued operations     $ 0.01 $ 0.01
Net (loss) income $ (0.29)   $ 0.09 $ 0.32
Weighted average number of common shares outstanding:        
Basic 52,356,641 52,182,848 52,345,895 52,170,839
Diluted 52,356,641 52,345,857 52,356,911 52,319,654
[1] The amounts represent the change in accumulated other comprehensive loss as a result of the amortization of actuarial losses during the first nine months of 2012 related to the Company's pension and other post-retirement benefit plans. Also included in this amount is a $2.0 million reclassification adjustment recorded in the first quarter of 2012 related to deferred taxes on the amortization of actuarial losses.
[2] See Note 9, "Accumulated Other Comprehensive Loss," in this Form 10-Q regarding the changes in the accumulated balances for each component of accumulated other comprehensive loss during the first nine months of 2012.