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Unaudited Quarterly Results (Tables) | 12 Months Ended
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Dec. 31, 2022
Quarterly Financial Information Disclosure [Abstract] |
Schedule of Unaudited Quarterly Results |
|  | Year Ended December 31, 2022 |
|  | 4th Quarter (a) |  |  | 3rd Quarter (b) |  |  | 2nd Quarter |  |  | 1st Quarter (c) |
Net sales |  | $ | 2,203.6 |  |  | $ | 2,066.7 |  |  | $ | 2,066.0 |  |  | $ | 1,945.7 |
Gross income |  |  | 315.0 |  |  |  | 288.6 |  |  |  | 247.0 |  |  |  | 203.8 |
Operating income |  |  | 147.0 |  |  |  | 117.2 |  |  |  | 76.3 |  |  |  | 31.8 |
Net income |  |  | 75.1 |  |  |  | 66.9 |  |  |  | 32.1 |  |  |  | (0.2 | )
Earnings per share: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 1.15 |  |  | $ | 1.02 |  |  | $ | 0.49 |  |  | $ | — |
Diluted |  | $ | 1.14 |  |  | $ | 1.02 |  |  | $ | 0.49 |  |  | $ | — |
Common stock dividends per share |  | $ | 0.37 |  |  | $ | 0.37 |  |  | $ | 0.37 |  |  | $ | 0.37 |
(a) The fourth quarter of fiscal 2022 was impacted by a $5.6 million ($4.3 million after-tax) intan gible asset impairment charge in the Defense segment and a $33.6 million ($25.7 million after-tax) pension settlement charge. (b) The third quarter of fiscal 2022 was impacted by expense of $4.6 million to eliminate cumulative translation adjustments upon liquidation of foreign entities in the Access Equipment segment and a $2.1 million intangible asset impairment charge in the Commercial segment. (c) The first quarter of fiscal 2022 was impacted by tax expense of $18.1 million for anti-hybrid tax on prior period income.
|  | Year Ended September 30, 2021 |
|  | 4th Quarter (a) |  |  | 3rd Quarter (b) |  |  | 2nd Quarter (c) |  |  | 1st Quarter (d) |
Net sales |  | $ | 2,063.0 |  |  | $ | 2,208.8 |  |  | $ | 1,889.0 |  |  | $ | 1,576.5 |
Gross income |  |  | 308.7 |  |  |  | 394.1 |  |  |  | 319.6 |  |  |  | 245.8 |
Operating income |  |  | 134.4 |  |  |  | 213.3 |  |  |  | 145.3 |  |  |  | 99.1 |
Net income |  |  | 112.9 |  |  |  | 221.0 |  |  |  | 103.0 |  |  |  | 72.0 |
Earnings per share: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 1.65 |  |  | $ | 3.21 |  |  | $ | 1.50 |  |  | $ | 1.06 |
Diluted |  | $ | 1.63 |  |  | $ | 3.18 |  |  | $ | 1.49 |  |  | $ | 1.05 |
Common stock dividends per share |  | $ | 0.33 |  |  | $ | 0.33 |  |  | $ | 0.33 |  |  | $ | 0.33 |
(a) The fourth quarter of the year ended September 30, 2021 was impacted by a tax benefit of $11.7 million for the revaluation of deferred tax liabilities and a tax benefit of $5.4 million for net operating loss carrybacks. (b) The third quarter of the year ended September 30, 2021 was impacted a tax benefit of $69.9 million for net operating loss carrybacks and $1.3 million ($1.4 million after-tax) of restructuring-related costs in the Access Equipment segment. (c) The second quarter of the year ended September 30, 2021 was impacted by $2.2 million ($2.5 million after-tax) of restructuring-related costs in the Access Equipment segment. (d) The first quarter of the year ended September 30, 2021 was impacted by $8.0 million ($7.8 million after-tax) of restructuring-related costs in the Access Equipment segment.

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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 https://asc.fasb.org/extlink&oid=126900988&loc=d3e1280-108306 + Details
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