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Selected Quarterly Data (Unaudited) | 12 Months Ended
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Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract] |
Selected Quarterly Data (Unaudited) | SELECTED QUARTERLY DATA (UNAUDITED) The Company reports its interim quarterly periods on a 13-week basis ending on a Saturday with the fiscal year ending on December 31. The effects of this practice exist only within a reporting year. For ease of presentation, the Company uses “March 31,” “June 30,” “September 30” and “December 31” to refer to its results of operations for the quarterly periods then ended. In 2018, the Company’s interim quarterly periods ended March 31, June 30, September 29 and December 31. In 2017, the Company’s interim quarterly periods ended April 1, July 1, September 30 and December 31. The following table summarizes the quarterly results of operations, including earnings per share:
| 2018
(in millions, except per share data) | March 31(a) |  | June 30(b) |  | September 30(c) |  | December 31(d)
Net sales | $ | 249.7 |  |  | $ | 291.0 |  |  | $ | 269.4 |  |  | $ | 279.4 |
Gross profit | 61.9 |  |  | 79.2 |  |  | 69.0 |  |  | 72.0 |
Income from continuing operations | 12.9 |  |  | 26.9 |  |  | 21.7 |  |  | 32.2 |
Gain from discontinued operations and disposal, net | — |  |  | — |  |  | — |  |  | 0.3 |
Net income | $ | 12.9 |  |  | $ | 26.9 |  |  | $ | 21.7 |  |  | $ | 32.5 |
Diluted earnings per share: |  |  |  |  |  |  |
Earnings from continuing operations | $ | 0.21 |  |  | $ | 0.44 |  |  | $ | 0.36 |  |  | $ | 0.53 |
Earnings from discontinued operations | — |  |  | — |  |  | — |  |  | — |
Net earnings per share | $ | 0.21 |  |  | $ | 0.44 |  |  | $ | 0.36 |  |  | $ | 0.53 |
(a) | Income from continuing operations includes pre-tax purchase accounting expenses, acquisition and integration-related expenses and hearing loss settlement charges of $0.6 million, $0.5 million and $0.4 million, respectively.
(b) | Income from continuing operations includes pre-tax purchase accounting expenses and acquisition and integration-related expenses of $0.4 million and $0.4 million, respectively.
(c) | Income from continuing operations includes pre-tax purchase accounting expenses and acquisition and integration-related expenses of $0.1 million and $0.4 million, respectively.
(d) | Income from continuing operations includes pre-tax purchase accounting expenses and acquisition and integration-related expenses of $0.1 million and $0.2 million, respectively, as well as an $8.6 million net benefit from tax planning strategies.
| 2017
(in millions, except per share data) | March 31(a) |  | June 30(b) |  | September 30(c) |  | December 31(d)
Net sales | $ | 177.8 |  |  | $ | 224.4 |  |  | $ | 248.7 |  |  | $ | 247.6 |
Gross profit | 43.6 |  |  | 54.7 |  |  | 61.3 |  |  | 61.6 |
Income from continuing operations | 7.2 |  |  | 11.5 |  |  | 12.5 |  |  | 29.3 |
Gain (loss) from discontinued operations and disposal, net | 0.1 |  |  | (0.1 | ) |  | — |  |  | 1.1 |
Net income | $ | 7.3 |  |  | $ | 11.4 |  |  | $ | 12.5 |  |  | $ | 30.4 |
Diluted earnings per share: |  |  |  |  |  |  |
Earnings from continuing operations | $ | 0.12 |  |  | $ | 0.19 |  |  | $ | 0.21 |  |  | $ | 0.48 |
Earnings (loss) from discontinued operations | 0.00 |  |  | 0.00 |  |  | — |  |  | 0.02 |
Net earnings per share | $ | 0.12 |  |  | $ | 0.19 |  |  | $ | 0.21 |  |  | $ | 0.50 |
(a) | Income from continuing operations includes pre-tax purchase accounting expenses, acquisition and integration-related expenses, restructuring charges and executive severance costs of $0.5 million, $0.5 million, $0.3 million and $0.7 million, respectively.
(b) | Income from continuing operations includes pre-tax purchase accounting expenses, acquisition and integration-related expenses, and restructuring charges of $2.5 million, $1.0 million and $0.1 million, respectively.
(c) | Income from continuing operations includes pre-tax purchase accounting expenses, acquisition and integration-related expenses, and restructuring charges of $1.3 million, $0.7 million and $0.1 million, respectively, as well as $0.6 million of tax expense associated with a change in the enacted state tax rate in Illinois.
(d) | Income from continuing operations includes pre-tax purchase accounting expenses, acquisition and integration-related expenses, restructuring charges, pension settlement charges and hearing loss settlement charges of $0.5 million, $0.5 million, $0.1 million, $6.1 million and $1.5 million, respectively, as well as a $20.8 million net benefit from special tax items, primarily represented by the Company’s preliminary estimate of the impact of the 2017 Tax Act, including the effect of the reduction in the corporate tax rate in the U.S.

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- References No definition available. + Details
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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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