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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) shares in Millions, $ in Millions | 3 Months Ended
--- | ---
Mar. 31, 2016 | Mar. 31, 2015
Income Statement [Abstract] |  |  |
Net sales |  | $ 721.0 | $ 739.5
Cost of sales |  | 430.0 | 460.8
Gross profit |  | 291.0 | 278.7
Selling and marketing expenses |  | 150.1 | 153.8
General, administrative and other expenses |  | 71.7 | 77.7
Equity income in earnings of unconsolidated affiliates |  | (2.8) | (3.0)
Royalty income, net of royalty expense |  | (4.7) | (4.2)
Operating income |  | 76.7 | 54.4
Other expense, net: |  |  |
Interest expense, net |  | 21.4 | 20.4
Other income, net |  | (1.0) | (1.3)
Total other expense, net |  | 20.4 | 19.1
Income before income taxes |  | 56.3 | 35.3
Income tax provision |  | (17.3) | (10.3)
Net income before non-controlling interest |  | 39.0 | 25.0
Less: Net income (loss) attributable to non-controlling interest | [1] | (0.6) | 1.6
Net income attributable to Tempur Sealy International, Inc. |  | $ 39.6 | $ 23.4
Earnings per common share: |  |  |
Basic (in dollars per share) |  | $ 0.64 | $ 0.38
Diluted (in dollars per share) |  | $ 0.63 | $ 0.38
Weighted average common shares outstanding: |  |  |
Basic (in shares) |  | 62.0 | 60.9
Diluted (in shares) |  | 62.6 | 62.2
[1] | (Loss) income attributable to the Company's redeemable non-controlling interest in Comfort Revolution, LLC for the three months ended March 31, 2016 and 2015 represented $(0.6) million and $0.6 million, respectively. As of March 31, 2015, the redemption value exceeded the accumulated earnings of the Company's redeemable non-controlling interest in Comfort Revolution, LLC. Accordingly, the Company's net income for the three months ended March 31, 2015 includes a $1.0 million adjustment, net of tax, to adjust the carrying value of redeemable non-controlling interest to its redemption value. As of March 31, 2016, the accumulated earnings exceeded the redemption value and, accordingly, a redemption value adjustment was not necessary.

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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. And the total amount of other operating cost and expense items that are associated with the entity's normal revenue producing operation. + References No definition available. + Details
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