|
| | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | As reported Quarter Ended March 31, 2014 | Adjustments | As adjusted Quarter Ended March 31, 2014 | | As reported Quarter Ended December 31, 2013 | Adjustments | As adjusted Quarter Ended December 31, 2013 | | As reported Quarter Ended March 31, 2013 | Adjustments | As adjusted Quarter Ended March 31, 2013 |
| |
| | Net sales | $ | 444.7 |
| | $ | 444.7 |
| | $ | 479.7 |
| | $ | 479.7 |
| | $ | 531.1 |
| | $ | 531.1 |
|
| | Operating costs and expenses: | | | | | | | | | | | |
| | Cost of sales | 388.4 |
| | 388.4 |
| | 415.3 |
| | 415.3 |
| | 387.2 |
| | 387.2 |
|
| | Depreciation and amortization | 25.6 |
| | 25.6 |
| | 26.3 |
| | 26.3 |
| | 18.6 |
| | 18.6 |
|
| | Selling and administrative | 40.9 |
| (3.3 | ) | 37.6 |
| | 46.6 |
| (3.3 | ) | 43.3 |
| | 35.2 |
| | 35.2 |
|
| | Loss on sale or impairment of long-lived assets, net | — |
| — |
| — |
| | 0.6 |
| (0.6 | ) | — |
| | — |
| — |
| — |
|
| | Other operating credits and charges, net | — |
| — |
| — |
| | 12.9 |
| (12.9 | ) | — |
| | 1.6 |
| (1.6 | ) | — |
|
| | Total operating costs and expenses | 454.9 |
| | 451.6 |
| | 501.7 |
| | 484.9 |
| | 442.6 |
| | 441.0 |
|
| | Income (loss) from operations | (10.2 | ) | | (6.9 | ) | | (22.0 | ) | | (5.2 | ) | | 88.5 |
| | 90.1 |
|
| | Non-operating income (expense): | | | | | | | | | | | |
| | Interest expense, net of capitalized interest | (7.7 | ) | | (7.7 | ) | | (8.0 | ) | | (8.0 | ) | | (10.6 | ) | | (10.6 | ) |
| | Investment income | 1.8 |
| | 1.8 |
| | 2.0 |
| | 2.0 |
| | 3.5 |
| | 3.5 |
|
| | Other non-operating items | (4.3 | ) | 5.8 |
| 1.5 |
| | (2.3 | ) | 1.6 |
| (0.7 | ) | | (0.7 | ) | | (0.7 | ) |
| | Total non-operating income (expense) | (10.2 | ) | | (4.4 | ) | | (8.3 | ) | | (6.7 | ) | | (7.8 | ) | | (7.8 | ) |
| | Income (loss) from continuing operations before taxes and equity in income of unconsolidated affiliates | (20.4 | ) | | (11.3 | ) | | (30.3 | ) | | (11.9 | ) | | 80.7 |
| | 82.3 |
|
| | Provision (benefit) for income taxes | (5.6 | ) | 5.6 |
| — |
| | (10.5 | ) | 10.5 |
| — |
| | 22.9 |
| (22.9 | ) | — |
|
| | "Normalized" tax rate @ 35% | — |
| (3.7 | ) | (3.7 | ) | | — |
| (3.9 | ) | (3.9 | ) | | — |
| 31.3 |
| 31.3 |
|
| | Equity in income of unconsolidated affiliates | (0.6 | ) | | (0.6 | ) | | (0.6 | ) | — |
| (0.6 | ) | | (7.2 | ) | | (7.2 | ) |
| | Income (loss) from continuing operations | (14.2 | ) | | (7.0 | ) | | (19.2 | ) | | (7.4 | ) | | 65.0 |
| | 58.2 |
|
| | Income (loss) from discontinued operations before taxes | — |
| | — |
| | (1.9 | ) | | (1.9 | ) | | 0.3 |
| | 0.3 |
|
| | Provision (benefit) for income taxes | — |
| | — |
| | (0.7 | ) | | (0.7 | ) | | 0.2 |
| | 0.2 |
|
| | Income (loss) from discontinued operations | — |
| | — |
| | (1.2 | ) | | (1.2 | ) | | 0.1 |
| | 0.1 |
|
| | Net income (loss) | $ | (14.2 | ) | | $ | (7.0 | ) | | (20.4 | ) | | $ | (8.6 | ) | | $ | 65.1 |
| | $ | 58.3 |
|
| | Income (loss) per share of common stock (basic): | | | | | | | | | | | |
| | Income (loss) from continuing operations | $ | (0.10 | ) | | $ | (0.05 | ) | | $ | (0.14 | ) | | $ | (0.05 | ) | | $ | 0.47 |
| | $ | 0.42 |
|
| | Income (loss) from discontinued operations | — |
| | — |
| | (0.01 | ) | | (0.01 | ) | | — |
| | — |
|
| | Net income (loss) per share | $ | (0.10 | ) | | $ | (0.05 | ) | | $ | (0.15 | ) | | $ | (0.06 | ) | | $ | 0.47 |
| | $ | 0.42 |
|
| | Income (loss) per share of common stock (diluted): | | | | | | | | | | | |
| | Income (loss) from continuing operations | $ | (0.10 | ) | | $ | (0.05 | ) | | $ | (0.14 | ) | | $ | (0.05 | ) | | $ | 0.45 |
| | $ | 0.40 |
|
| | Income (loss) from discontinued operations | — |
| | — |
| | (0.01 | ) | | (0.01 | ) | | — |
| | — |
|
| | Net income (loss) per share | $ | (0.10 | ) | | $ | (0.05 | ) | | $ | (0.15 | ) | | $ | (0.06 | ) | | $ | 0.45 |
| | $ | 0.40 |
|
| | | | | | | | | | | | | |
| | Average shares of stock outstanding - basic | 140.8 |
| | 140.8 |
| | 140.6 |
| | 140.6 |
| | 138.4 |
| | 138.4 |
|
| | Average shares of stock outstanding - diluted | 140.8 |
| | 140.8 |
| | 140.6 |
| | 140.6 |
| | 144.4 |
| | 144.4 |
|
