|
| | | | | | | | | | | | | | | | | | | | | | | | | | |
| | As reported Quarter Ended March 31, 2013 | | As adjusted Quarter Ended March 31, 2013 | | As reported Quarter Ended December 31, 2012 | | As adjusted Quarter Ended December 31, 2012 | | As reported Quarter Ended March 31, 2012 | | As adjusted Quarter Ended March 31, 2012 |
| | Adjustments | Adjustments | | Adjustments |
| Net sales | $ | 537.5 |
| | $ | 537.5 |
| | $ | 458.7 |
| | $ | 458.7 |
| | $ | 361.5 |
| | $ | 361.5 |
|
| Operating costs and expenses: | | | | | | | | | | | |
| Cost of sales | 392.6 |
| | 392.6 |
| | 360.6 |
| | 360.6 |
| | 313.3 |
| | 313.3 |
|
| Depreciation and amortization | 18.7 |
| | 18.7 |
| | 18.0 |
| | 18.0 |
| | 19.1 |
| | 19.1 |
|
| Selling and administrative | 35.4 |
| | 35.4 |
| | 36.8 |
| | 36.8 |
| | 31.3 |
| | 31.3 |
|
| Loss on sale or impairment of long-lived assets, net | — |
| — |
| — |
| | 0.4 |
| (0.4 | ) | — |
| | 0.1 |
| (0.1 | ) | — |
|
| Other operating credits and charges, net | 1.6 |
| (1.6 | ) | — |
| | (4.1 | ) | 4.1 |
| — |
| | (0.2 | ) | 0.2 |
| — |
|
| Total operating costs and expenses | 448.3 |
| | 446.7 |
| | 411.7 |
| | 415.4 |
| | 363.6 |
| | 363.7 |
|
| Income (loss) from operations | 89.2 |
| | 90.8 |
| | 47.0 |
| | 43.3 |
| | (2.1 | ) | | (2.2 | ) |
| Non-operating income (expense): | | | | | | | | | | | |
| Interest expense, net of capitalized interest | (10.6 | ) | | (10.6 | ) | | (12.9 | ) | 2.7 |
| (10.2 | ) | | (12.6 | ) | (1.0 | ) | (13.6 | ) |
| Investment income | 3.5 |
| | 3.5 |
| | 3.1 |
| | 3.1 |
| | 4.2 |
| | 4.2 |
|
| Other non-operating items | (0.7 | ) | | (0.7 | ) | | 19.6 |
| (20.0 | ) | (0.4 | ) | | (0.1 | ) | | (0.1 | ) |
| Total non-operating income (expense) | (7.8 | ) | | (7.8 | ) | | 9.8 |
| | (7.5 | ) | | (8.5 | ) | | (9.5 | ) |
| Income (loss) from continuing operations before taxes and equity in income (loss) of unconsolidated affiliates | 81.4 |
| | 83.0 |
| | 56.8 |
| | 35.8 |
| | (10.6 | ) | | (11.7 | ) |
| Provision (benefit) for income taxes | 23.2 |
| (23.2 | ) | — |
| | 12.0 |
| (12.0 | ) | — |
| | (1.2 | ) | 1.2 |
| — |
|
| "Normalized" tax rate @ 35% | — |
| 31.6 |
| 31.6 |
| | — |
| 14.0 |
| 14.0 |
| | — |
| (4.7 | ) | (4.7 | ) |
| Equity in (income) loss of unconsolidated affiliates | (7.2 | ) | | (7.2 | ) | | (4.3 | ) | | (4.3 | ) | | 1.8 |
| | 1.8 |
|
| Income (loss) from continuing operations | 65.4 |
| | 58.6 |
| | 49.1 |
| | 26.1 |
| | (11.2 | ) | | (8.8 | ) |
| Loss from discontinued operations before taxes | (0.1 | ) | | (0.1 | ) | | (3.8 | ) | | (3.8 | ) | | (0.2 | ) | | (0.2 | ) |
| Benefit for income taxes | — |
| | — |
| | (0.8 | ) | | (0.8 | ) | | (0.1 | ) | | (0.1 | ) |
| Loss from discontinued operations | (0.1 | ) | | (0.1 | ) | | (3.0 | ) | | (3.0 | ) | | (0.1 | ) | | (0.1 | ) |
| Net income (loss) | $ | 65.3 |
| | $ | 58.5 |
| | $ | 46.1 |
| | $ | 23.1 |
| | $ | (11.3 | ) | | $ | (8.9 | ) |
| Income (loss) per share of common stock (basic): | | | | | | | | | | | |
| Income (loss) from continuing operations | $ | 0.47 |
| | $ | 0.42 |
| | $ | 0.35 |
| | $ | 0.19 |
| | $ | (0.08 | ) | | $ | (0.06 | ) |
| Loss from discontinued operations | — |
| | — |
| | (0.02 | ) | | (0.02 | ) | | — |
| | — |
|
| Net income (loss) per share | $ | 0.47 |
| | $ | 0.42 |
| | $ | 0.33 |
| | $ | 0.17 |
| | $ | (0.08 | ) | | $ | (0.06 | ) |
| Income (loss) per share of common stock (diluted): | | | | | | | | | | | |
| Income (loss) from continuing operations | $ | 0.45 |
| | $ | 0.41 |
| | $ | 0.34 |
| | $ | 0.18 |
| | $ | (0.08 | ) | | $ | (0.06 | ) |
| Loss from discontinued operations | — |
| | — |
| | (0.02 | ) | | (0.02 | ) | | — |
| | — |
|
| Net income (loss) per share | $ | 0.45 |
| | $ | 0.41 |
| | $ | 0.32 |
| | $ | 0.16 |
| | $ | (0.08 | ) | | $ | (0.06 | ) |
| | | | | | | | | | | | |
| Average shares of stock outstanding - basic | 138.4 |
| | 138.4 |
| | 138.6 |
| | 138.6 |
| | 136.6 |
| | 136.6 |
|
| Average shares of stock outstanding - diluted | 144.4 |
| | 144.4 |
| | 143.3 |
| | 143.3 |
| | 136.6 |
| | 136.6 |
|
