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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Millions, $ in Millions | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016
Income Statement [Abstract] |  |  |  |
Net sales | $ 659.3 | $ 804.4 | $ 1,381.4 | $ 1,525.4
Cost of sales | 390.7 | 467.5 | 826.2 | 897.5
Gross profit | 268.6 | 336.9 | 555.2 | 627.9
Selling and marketing expenses | 152.3 | 172.8 | 306.0 | 322.9
General, administrative and other expenses | 69.0 | 71.9 | 135.5 | 143.6
Customer termination charges, net | 0.0 | 0.0 | 14.4 | 0.0
Equity income in earnings of unconsolidated affiliates | (4.4) | (3.4) | (7.1) | (6.2)
Royalty income, net of royalty expense | (4.9) | (4.6) | (9.7) | (9.3)
Operating (loss) income | 56.6 | 100.2 | 116.1 | 176.9
Other expense, net: |  |  |  |
Interest expense, net | 22.1 | 23.1 | 44.2 | 44.5
Loss on extinguishment of debt | 0.0 | 47.2 | 0.0 | 47.2
Other (income) expense, net | (0.3) | 0.7 | (9.5) | (0.3)
Total other expense, net | 21.8 | 71.0 | 34.7 | 91.4
Income before income taxes | 34.8 | 29.2 | 81.4 | 85.5
Income tax provision | (13.1) | (9.2) | (27.7) | (26.5)
Net income before non-controlling interests | 21.7 | 20.0 | 53.7 | 59.0
Less: Net loss attributable to non-controlling interests | (2.8) | (1.3) | (4.7) | (1.9)
Net income attributable to Tempur Sealy International, Inc. | $ 24.5 | $ 21.3 | $ 58.4 | $ 60.9
Earnings per common share: |  |  |  |
Basic (in dollars per share) | $ 0.45 | $ 0.35 | $ 1.08 | $ 1.00
Diluted (in dollars per share) | $ 0.45 | $ 0.35 | $ 1.07 | $ 0.99
Weighted average common shares outstanding: |  |  |  |
Basic (in shares) | 53.9 | 60.2 | 53.9 | 61.1
Diluted (in shares) | 54.5 | 60.8 | 54.6 | 61.7

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