Exhibit 99.3 Reconciliation of Adjusted income from continuing operations
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 |