|
| | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | As reported Quarter Ended March 31, 2017 | Adjustments | As adjusted Quarter Ended March 31, 2017 | | As reported Quarter Ended December 31, 2016 | Adjustments | As adjusted Quarter Ended December 31, 2016 | | As reported Quarter Ended March 31, 2016 | Adjustments | As adjusted Quarter Ended March 31, 2016 |
| |
| | Net sales | $ | 610.9 |
| | $ | 610.9 |
| | $ | 550.0 |
| | $ | 550.0 |
| | $ | 504.6 |
| | $ | 504.6 |
|
| | Operating costs and expenses: | | | | | | | | | | | |
| | Cost of sales | 455.0 |
| | 455.0 |
| | 422.8 |
| | 422.8 |
| | 415.5 |
| | 415.5 |
|
| | Depreciation and amortization | 30.6 |
| | 30.6 |
| | 26.8 |
| | 26.8 |
| | 27.9 |
| | 27.9 |
|
| | Selling and administrative | 48.6 |
| | 48.6 |
| | 47.8 |
| | 47.8 |
| | 42.3 |
|
| 42.3 |
|
| | (Gain) loss on sale or impairment of long-lived assets, net | 0.6 |
| (0.6 | ) | — |
| | (9.4 | ) | 9.4 |
| — |
| | — |
| | — |
|
| | Other operating credits and charges, net | 3.4 |
| (3.4 | ) | — |
| | 6.0 |
| (6.0 | ) | — |
| | — |
| | — |
|
| | Total operating costs and expenses | 538.2 |
|
| 534.2 |
| | 494.0 |
| | 497.4 |
| | 485.7 |
| | 485.7 |
|
| | Income from operations | 72.7 |
|
|
| 76.7 |
| | 56.0 |
| | 52.6 |
| | 18.9 |
| | 18.9 |
|
| | Non-operating income (expense): | | | | | | | | | | | |
| | Interest expense, net of capitalized interest | (5.0 | ) | — |
| (5.0 | ) | | (5.8 | ) | 0.3 |
| (5.5 | ) | | (8.0 | ) | | (8.0 | ) |
| | Investment income | 2.0 |
| | 2.0 |
| | 1.8 |
| | 1.8 |
| | 1.8 |
| | 1.8 |
|
| | Other non-operating items | (0.3 | ) | | (0.3 | ) | | (3.4 | ) | 4.1 |
| 0.7 |
| | 0.5 |
| | 0.5 |
|
| | Total non-operating income (expense) | (3.3 | ) |
|
| (3.3 | ) | | (7.4 | ) | | (3.0 | ) | | (5.7 | ) | | (5.7 | ) |
| | Income from continuing operations before taxes and equity in income of unconsolidated affiliates | 69.4 |
| | 73.4 |
| | 48.6 |
| | 49.6 |
| | 13.2 |
| | 13.2 |
|
| | Provision for income taxes | 15.5 |
| (15.5 | ) | — |
| | 6.7 |
| (6.7 | ) | — |
| | 4.4 |
| (4.4 | ) | — |
|
| | "Normalized" tax rate @ 35% | — |
| 26.1 |
| 26.1 |
| | — |
| 17.6 |
| 17.6 |
| | — |
| 5.1 |
| 5.1 |
|
| | Equity in income of unconsolidated affiliates | (1.1 | ) | | (1.1 | ) | | (0.8 | ) | — |
| (0.8 | ) | | (1.5 | ) | | (1.5 | ) |
| | Income from continuing operations | 55.0 |
|
|
| 48.4 |
| | 42.7 |
| | 32.8 |
| | 10.3 |
| | 9.6 |
|
| | Loss from discontinued operations before taxes | — |
| | — |
| | (0.8 | ) | | (0.8 | ) | | — |
| | — |
|
| | Benefit for income taxes | — |
| | — |
| | (0.3 | ) | | (0.3 | ) | |
|
| | — |
|
| | Loss from discontinued operations | — |
|
|
| — |
| | (0.5 | ) | | (0.5 | ) | | — |
| | — |
|
| | Net income | $ | 55.0 |
|
|
| $ | 48.4 |
| | $ | 42.2 |
| | $ | 32.3 |
| | $ | 10.3 |
| | $ | 9.6 |
|
| | | | | | | | | | | | | |
| | Net income per share of common stock (basic): | | | | | | | | | | | |
| | Income from continuing operations | $ | 0.38 |
| | $ | 0.34 |
| | $ | 0.30 |
| | $ | 0.23 |
| | $ | 0.07 |
| | $ | 0.07 |
|
| | Loss from discontinued operations | — |
| | — |
| | (0.01 | ) | | — |
| | — |
| | — |
|
| | Net income per share - basic | $ | 0.38 |
| | $ | 0.34 |
| | $ | 0.29 |
| | $ | 0.23 |
| | $ | 0.07 |
| | $ | 0.07 |
|
| | | | | | | | | | | | | |
| | Net income per share of common stock (diluted): | | | | | | | | | | | |
| | Income from continuing operations | $ | 0.38 |
| | $ | 0.33 |
| | $ | 0.29 |
| | $ | 0.23 |
| | $ | 0.07 |
| | $ | 0.07 |
|
| | Loss from discontinued operations | — |
| | — |
| | — |
| | — |
| | — |
| | — |
|
| | Net income per share - diluted | $ | 0.38 |
| | $ | 0.33 |
| | $ | 0.29 |
| | $ | 0.23 |
| | $ | 0.07 |
| | $ | 0.07 |
|
| | | | | | | | | | | | | |
| | Average shares of stock outstanding - basic | 144.2 |
| | 144.2 |
| | 143.7 |
| | 143.7 |
| | 142.9 |
| | 142.9 |
|
| | Average shares of stock outstanding - diluted | 145.9 |
| | 145.9 |
| | 145.5 |
| | 145.5 |
| | 145.2 |
| | 145.2 |
|
