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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.