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Selected Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2014
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
2014 -
 
 
 
 
 
 
 
 
Sales
 
$
987.3

 
$
1,119.0

 
$
1,069.6

 
$
1,047.5

Gross Profit
 
70.2

 
89.5

 
97.0

 
121.9

Income (loss) from continuing operations attributable to ATI
 
(18.1
)
 
(3.8
)
 
—

 
19.9

Net income (loss)
 
(17.9
)
 
(0.7
)
 
2.9

 
25.3

Net income (loss) attributable to ATI
 
(20.0
)
 
(4.0
)
 
(0.7
)
 
22.1

Basic income (loss) from continuing operations attributable to ATI per common share
 
$
(0.17
)
 
$
(0.03
)
 
$
—

 
$
0.18

Basic income (loss) attributable to ATI per common share
 
$
(0.19
)
 
$
(0.03
)
 
$
(0.01
)
 
$
0.20

Diluted income (loss) from continuing operations attributable to ATI per common share
 
$
(0.17
)
 
$
(0.03
)
 
$
—

 
$
0.18

Diluted income (loss) attributable to ATI per common share
 
$
(0.19
)
 
$
(0.03
)
 
$
(0.01
)
 
$
0.20

Average shares outstanding
 
108,173,581

 
108,628,024

 
108,712,682

 
108,704,983

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


Fourth quarter 2014 results from continuing operations include postretirement benefit curtailment and settlement gains of $25.5 million pre-tax ($18.4 million, net of tax).
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 16). 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.