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Quarterly Financial Data (unaudited)
 12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data (unaudited)
Quarterly Financial Data (unaudited)
 
Quarterly results of operations for the years ended December 31, 2018 and 2017 are summarized below:
(in millions, except per share amounts)
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
2018
 
 
 
 
 
 
 
Net sales
$
637.4

 
$
659.9

 
$
729.5

 
$
676.1

Gross profit
264.7

 
272.8

 
300.0

 
283.2

Operating income
55.7

 
58.0

 
84.7

 
57.9

Income from continuing operations
25.6

 
26.6

 
44.1

 
19.1

Net income attributable to Tempur Sealy International, Inc.
23.1

 
22.8

 
42.3

 
12.3

Basic earnings per common share for continuing operations
$
0.48

 
$
0.52

 
$
0.83

 
$
0.35

Diluted earnings per common share for continuing operations
$
0.47

 
$
0.52

 
$
0.82

 
$
0.35

 
 
 
 
 
 
 
 
2017
 
 
 
 
 
 
 
Net sales
$
710.4

 
$
647.3

 
$
711.5

 
$
631.4

Gross profit
282.0

 
264.1

 
307.0

 
267.9

Operating income
59.3

 
56.5

 
97.3

 
82.4

Income from continuing operations
32.6

 
22.1

 
53.2

 
63.7

Net income attributable to Tempur Sealy International, Inc.
33.9

 
24.5

 
44.6

 
48.4

Basic earnings per common share for continuing operations
$
0.64

 
$
0.46

 
$
1.05

 
$
1.22

Diluted earnings per common share for continuing operations
$
0.63

 
$
0.46

 
$
1.03

 
$
1.21


 
The sum of the quarterly earnings per common share amounts may not equal the annual amount reported because per share amounts are computed independently for each quarter and for the full year based on respective weighted-average common shares outstanding and other dilutive potential common shares. The Company’s quarterly operating results fluctuate as a result of seasonal variations in the Company’s business.