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Selected Quarterly Financial Data (Unaudited) | 12 Months Ended
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Dec. 31, 2015
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
2015 - |  |  |  |  |  |  |  |
Sales |  | $ | 1,125.5 |  |  | $ | 1,022.5 |  |  | $ | 832.7 |  |  | $ | 738.9 |
Gross Profit (Loss) |  | 109.5 |  |  | 77.0 |  |  | (28.7 | ) |  | (97.5 | )
Income (loss) from continuing operations attributable to ATI |  | 10.0 |  |  | (16.4 | ) |  | (144.6 | ) |  | (226.9 | )
Net income (loss) |  | 12.6 |  |  | (13.9 | ) |  | (141.3 | ) |  | (223.3 | )
Net income (loss) attributable to ATI |  | 10.0 |  |  | (16.4 | ) |  | (144.6 | ) |  | (226.9 | )
Basic income (loss) from continuing operations attributable to ATI per common share |  | $ | 0.09 |  |  | $ | (0.15 | ) |  | $ | (1.35 | ) |  | $ | (2.12 | )
Basic income (loss) attributable to ATI per common share |  | $ | 0.09 |  |  | $ | (0.15 | ) |  | $ | (1.35 | ) |  | $ | (2.12 | )
Diluted income (loss) from continuing operations attributable to ATI per common share |  | $ | 0.09 |  |  | $ | (0.15 | ) |  | $ | (1.35 | ) |  | $ | (2.12 | )
Diluted income (loss) attributable to ATI per common share |  | $ | 0.09 |  |  | $ | (0.15 | ) |  | $ | (1.35 | ) |  | $ | (2.12 | )
Average shares outstanding |  | 108,854,720 |  |  | 109,190,876 |  |  | 109,204,307 |  |  | 109,171,124 |
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 |
Third quarter 2015 results include a $76.0 million pre-tax ($49.5 million, net of tax) non-cash charge for net realizable value (NRV) inventory reserves, which are required to offset ATI’s aggregate net debit LIFO inventory balance that exceeds current inventory replacement cost. Third quarter 2015 results also include a $63.9 million tax valuation allowance on a portion of ATI’s deferred tax assets as a result of a three year cumulative loss from U.S. operations. Fourth quarter 2015 results include non-cash charges for goodwill and asset impairments, restructuring, inventory and other items. These charges were comprised of a $126.6 million pre-tax ($79.2 million, net of tax) non-cash goodwill impairment charge in the Flat Rolled Products segment, $54.5 million pre-tax ($34.1 million, net of tax) in non-cash long-lived asset impairment charges, $3.5 million pre-tax ($2.2 million, net of tax) in facility idling costs, $25.4 million pre-tax ($15.9 million, net of tax) in a non-cash charge to revalue inventory, $51.2 million pre-tax ($32.0 million, net of tax) in NRV inventory reserve charges and $6.3 million pre-tax ($3.9 million, net of tax) in employee severance and termination benefit charges arising from a reduction in force among salaried employees within the High Performance Materials & Components segment and the ATI Corporate office. 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). All net of tax amounts presented above use the effective tax rate for the applicable quarterly period which differs from the effective tax rate for the full year.

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- 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=51655806&loc=d3e765-108305 Reference 2: 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=51825399&loc=d3e1280-108306 Reference 3: 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=51655806&loc=d3e725-108305 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
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