XML 137 R27.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Selected Quarterly Financial Data (Unaudited) | 12 Months Ended
--- | ---
Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract] |
Selected Quarterly Financial Data (Unaudited) | Selected Quarterly Financial Data (Unaudited)
|  | Quarter Ended
(In millions except share and per share amounts) |  | March 31 |  | June 30 |  | September 30 |  | December 31
2013 - |  |  |  |  |  |  |  |
Sales |  | $ | 1,099.0 |  |  | $ | 1,056.8 |  |  | $ | 972.4 |  |  | $ | 915.3 |
Gross Profit |  | 100.5 |  |  | 87.7 |  |  | 53.1 |  |  | 11.3 |
Income (loss) from continuing operations attributable to ATI |  | 9.7 |  |  | 3.7 |  |  | (28.4 | ) |  | (83.8 | )
Net income (loss) |  | 11.6 |  |  | 6.6 |  |  | (32.2 | ) |  | 175.6 |
Net income (loss) attributable to ATI |  | 10.0 |  |  | 4.4 |  |  | (33.8 | ) |  | 173.4 |
Basic income (loss) from continuing operations attributable to ATI per common share |  | $ | 0.09 |  |  | $ | 0.04 |  |  | $ | (0.27 | ) |  | $ | (0.79 | )
Basic income (loss) attributable to ATI per common share |  | $ | 0.09 |  |  | $ | 0.04 |  |  | $ | (0.32 | ) |  | $ | 1.62 |
Diluted income (loss) from continuing operations attributable to ATI per common share |  | $ | 0.09 |  |  | $ | 0.04 |  |  | $ | (0.27 | ) |  | $ | (0.79 | )
Diluted income (loss) attributable to ATI per common share |  | $ | 0.09 |  |  | $ | 0.04 |  |  | $ | (0.32 | ) |  | $ | 1.62 |
Average shares outstanding |  | 107,614,468 |  |  | 107,980,753 |  |  | 108,001,306 |  |  | 107,984,535 |
2012 - |  |  |  |  |  |  |  |
Sales |  | $ | 1,253.8 |  |  | $ | 1,260.2 |  |  | $ | 1,131.5 |  |  | $ | 1,021.4 |
Gross Profit |  | 185.6 |  |  | 177.6 |  |  | 142.7 |  |  | 119.6 |
Income from continuing operations attributable to ATI |  | 51.8 |  |  | 51.4 |  |  | 31.3 |  |  | 16.0 |
Net income |  | 58.3 |  |  | 58.7 |  |  | 37.3 |  |  | 13.5 |
Net income attributable to ATI |  | 56.2 |  |  | 56.4 |  |  | 35.3 |  |  | 10.5 |
Basic income from continuing operations attributable to ATI per common share |  | $ | 0.49 |  |  | $ | 0.48 |  |  | $ | 0.30 |  |  | $ | 0.15 |
Basic income attributable to ATI per common share |  | $ | 0.53 |  |  | $ | 0.53 |  |  | $ | 0.33 |  |  | $ | 0.10 |
Diluted income from continuing operations attributable to ATI per common share |  | $ | 0.46 |  |  | $ | 0.46 |  |  | $ | 0.29 |  |  | $ | 0.15 |
Diluted income (loss) attributable to ATI per common share |  | $ | 0.50 |  |  | $ | 0.50 |  |  | $ | 0.32 |  |  | $ | 0.10 |
Average shares outstanding |  | 106,746,877 |  |  | 107,125,436 |  |  | 107,185,585 |  |  | 107,321,941 |
The first and second quarters of 2013 as well as all four quarters of fiscal 2012 differ from the amounts previously reported for those quarters due to the classification of the tungsten materials, iron castings and fabricated components businesses as discontinued operations beginning in the third quarter of 2013 (see Note 2). The fourth quarter 2013 results from continuing operations included restructuring costs of $41.2 million, net of tax, for non-cash long-lived asset impairment charges, facility closure costs and employee severance and termination benefits (see Note 15). Net income (loss) and net income (loss) attributable to ATI includes discontinued operations, which includes a $261.4 million after-tax gain in 2013 from the sale of the Company's tungsten materials business. In addition, results from discontinued operations for the third and fourth quarters of 2013 also include $5.8 million and $6.1 million after-tax charges, respectively, for non-cash asset impairment charges and facility closure costs associated with the iron castings and fabricated components divestitures. The fourth quarter 2012 net income and net income attributable to ATI included a charge of $8.8 million, net of tax, for asset write-downs related to the closing of the Alpena, MI iron castings facility, which is included in discontinued operations.

X
- Details
Name: | us-gaap_QuarterlyFinancialInformationDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 28 -Paragraph 23, 24 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=20225539&loc=d3e1280-108306 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 28 -Paragraph 30 -Subparagraph a-j -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
Name: | us-gaap_QuarterlyFinancialInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration