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Unaudited Quarterly Results (Tables) | 12 Months Ended
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Sep. 30, 2020
Quarterly Financial Information Disclosure [Abstract] |
Schedule of Unaudited Quarterly Results |
|  | Fiscal Year Ended September 30, 2020 |
|  | 4th Quarter (a) |  |  | 3rd Quarter (b) |  |  | 2nd Quarter (c) |  |  | 1st Quarter |
Net sales |  | $ | 1,784.2 |  |  | $ | 1,580.8 |  |  | $ | 1,796.7 |  |  | $ | 1,695.1 |
Gross income |  |  | 280.9 |  |  |  | 257.5 |  |  |  | 292.4 |  |  |  | 289.5 |
Operating income |  |  | 127.4 |  |  |  | 118.6 |  |  |  | 133.6 |  |  |  | 109.1 |
Net income |  |  | 100.0 |  |  |  | 80.2 |  |  |  | 68.6 |  |  |  | 75.7 |
Earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 1.47 |  |  | $ | 1.18 |  |  | $ | 1.00 |  |  | $ | 1.11 |
Diluted |  | $ | 1.46 |  |  | $ | 1.17 |  |  | $ | 0.99 |  |  | $ | 1.10 |
Common Stock per share dividends |  | $ | 0.30 |  |  | $ | 0.30 |  |  | $ | 0.30 |  |  | $ | 0.30 |
(a) | The fourth quarter of fiscal 2020 was impacted by restructuring-related charges of $13.0 million ($9.5 million, net of tax) in the Access Equipment, Fire & Emergency and Commercial segments and Corporate, a gain of $4.2 million ($3.2 million, net of tax) for an arbitration settlement in the Defense segment, business interruption insurance proceeds of $18.5 million ($14.2 million, net of tax) in the Commercial segment and a gain on the sale of a business of $3.1 million ($2.8 million net of tax) in the Commercial segment.
(b) | The third quarter of fiscal 2020 was impacted by restructuring charges of $10.2 million ($8.4 million, net of tax) in the Access Equipment, Fire & Emergency and Commercial segments.
(c) | The second quarter of fiscal 2020 was impacted by debt extinguishment costs of $8.5 million ($6.5 million, net of tax) and a tax charge of $11.4 million related to the establishment of a valuation allowance on net operating losses for an entity in Europe.
|  | Fiscal Year Ended September 30, 2019 |
|  | 4th Quarter |  |  | 3rd Quarter |  |  | 2nd Quarter |  |  | 1st Quarter (a) |
Net sales |  | $ | 2,195.7 |  |  | $ | 2,392.7 |  |  | $ | 1,990.2 |  |  | $ | 1,803.4 |
Gross income |  |  | 397.3 |  |  |  | 433.9 |  |  |  | 357.9 |  |  |  | 328.3 |
Operating income |  |  | 203.1 |  |  |  | 257.8 |  |  |  | 175.6 |  |  |  | 160.5 |
Net income |  |  | 150.0 |  |  |  | 191.9 |  |  |  | 128.5 |  |  |  | 109.0 |
Earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 2.20 |  |  | $ | 2.74 |  |  | $ | 1.84 |  |  | $ | 1.53 |
Diluted |  | $ | 2.17 |  |  | $ | 2.72 |  |  | $ | 1.82 |  |  | $ | 1.51 |
Common Stock per share dividends |  | $ | 0.27 |  |  | $ | 0.27 |  |  | $ | 0.27 |  |  | $ | 0.27 |
(a) | The first quarter of fiscal 2019 was impacted by tax expense related to tax reform in the U.S. of $7.0 million.

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121640914&loc=d3e1280-108306 + Details
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