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Quarterly Financial Data (unaudited) (Tables)
 12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data
Quarterly results of operations for the years ended December 31, 2017 and 2016 are summarized below:
(in millions, except per share amounts)
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
2017
 
 
 
 
 
 
 
Net sales
$
722.1

 
$
659.3

 
$
724.8

 
$
648.2

Gross profit
286.6

 
268.6

 
312.2

 
273.3

Operating income
59.5

 
56.6

 
94.6

 
77.7

Net income
33.9

 
24.5

 
44.6

 
48.4

Basic earnings per common share
$
0.63

 
$
0.45

 
$
0.83

 
$
0.89

Diluted earnings per common share
$
0.62

 
$
0.45

 
$
0.81

 
$
0.88

 
 
 
 
 
 
 
 
2016
 
 
 
 
 
 
 
Net sales
$
721.0

 
$
804.4

 
$
832.4

 
$
771.1

Gross profit
291.0

 
336.9

 
362.1

 
317.5

Operating income
76.7

 
100.2

 
131.1

 
102.4

Net income
39.6

 
21.3

 
77.8

 
51.9

Basic earnings per common share
$
0.64

 
$
0.35

 
$
1.34

 
$
0.93

Diluted earnings per common share
$
0.63

 
$
0.35

 
$
1.32

 
$
0.92