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Quarterly Results (Unaudited) | 12 Months Ended
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Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract] |
Quarterly Results (Unaudited) | Quarterly Results (Unaudited)
(in millions, except per share data) For year ended December 31, |  | First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter |  | Full Year
2021 |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 779.6 |  |  | $ | 796.4 |  |  | $ | 833.5 |  |  | $ | 770.5 |  |  | $ | 3,180.0 |
Cost of sales |  | 470.5 |  |  | 476.8 |  |  | 509.1 |  |  | 482.5 |  |  | 1,939.0 |
Gross profit |  | 309.0 |  |  | 319.6 |  |  | 324.4 |  |  | 288.0 |  |  | 1,241.0 |
Operating profit |  | 140.1 |  |  | 136.9 |  |  | 138.2 |  |  | 87.1 |  |  | 502.3 |
Net income from continuing operations attributable to common shareholders |  | 103.4 |  |  | 110.7 |  |  | 111.4 |  |  | 68.8 |  |  | 394.3 |
Income from discontinued operations, net of tax |  | 5.0 |  |  | 27.6 |  |  | 5.2 |  |  | 3.3 |  |  | 41.1 |
Net income attributable to common shareholders |  | 108.4 |  |  | 138.3 |  |  | 116.6 |  |  | 72.1 |  |  | 435.4 |
Earnings per basic share: |  |  |  |  |  |  |  |  |  |
Earnings per basic share from continuing operations |  | $ | 1.78 |  |  | $ | 1.89 |  |  | $ | 1.90 |  |  | $ | 1.19 |  |  | $ | 6.76 |
Earnings per basic share from discontinued operations |  | 0.08 |  |  | 0.47 |  |  | 0.09 |  |  | 0.06 |  |  | 0.70 |
Earnings per basic share |  | $ | 1.86 |  |  | $ | 2.36 |  |  | $ | 1.99 |  |  | $ | 1.25 |  |  | $ | 7.46 |
Earnings per diluted share: |  |  |  |  |  |  |  |  |  |
Earnings per diluted share from continuing operations |  | $ | 1.76 |  |  | $ | 1.87 |  |  | $ | 1.87 |  |  | $ | 1.16 |  |  | $ | 6.66 |
Earnings per diluted share from discontinued operations |  | 0.08 |  |  | 0.46 |  |  | 0.09 |  |  | 0.06 |  |  | 0.70 |
Earnings per diluted share |  | $ | 1.84 |  |  | $ | 2.33 |  |  | $ | 1.96 |  |  | $ | 1.22 |  |  | $ | 7.36 |
2020 |  |  |  |  |  |  |  |  |  |
Net sales |  | $ | 746.9 |  |  | $ | 644.3 |  |  | $ | 686.5 |  |  | $ | 683.6 |  |  | $ | 2,761.3 |
Cost of sales |  | 471.9 |  |  | 424.8 |  |  | 443.3 |  |  | 456.2 |  |  | 1,796.2 |
Gross profit |  | 275.0 |  |  | 219.5 |  |  | 243.2 |  |  | 227.4 |  |  | 965.1 |
Operating profit |  | 81.7 |  |  | 28.7 |  |  | 75.9 |  |  | 53.9 |  |  | 240.2 |
Net income from continuing operations attributable to common shareholders |  | 57.7 |  |  | 13.4 |  |  | 49.4 |  |  | 42.6 |  |  | 163.1 |
Income from discontinued operations, net of tax |  | 5.0 |  |  | 1.4 |  |  | 7.2 |  |  | 4.3 |  |  | 17.9 |
Net income attributable to common shareholders |  | 62.7 |  |  | 14.8 |  |  | 56.6 |  |  | 46.9 |  |  | 181.0 |
Earnings per basic share: |  |  |  |  |  |  |  |  |  |
Earnings per basic share from continuing operations |  | $ | 0.98 |  |  | $ | 0.23 |  |  | $ | 0.85 |  |  | $ | 0.73 |  |  | $ | 2.79 |
Earnings per basic share from discontinued operations |  | 0.09 |  |  | 0.03 |  |  | 0.12 |  |  | 0.07 |  |  | 0.31 |
Earnings per basic share |  | $ | 1.07 |  |  | $ | 0.26 |  |  | $ | 0.97 |  |  | $ | 0.80 |  |  | $ | 3.10 |
Earnings per diluted share: |  |  |  |  |  |  |  |  |  |
Earnings per diluted share from continuing operations |  | $ | 0.96 |  |  | $ | 0.23 |  |  | $ | 0.84 |  |  | $ | 0.73 |  |  | $ | 2.77 |
Earnings per diluted share from discontinued operations |  | 0.09 |  |  | 0.02 |  |  | 0.13 |  |  | 0.07 |  |  | 0.31 |
Earnings per diluted share |  | $ | 1.05 |  |  | $ | 0.25 |  |  | $ | 0.97 |  |  | $ | 0.80 |  |  | $ | 3.08 |

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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 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=124502072&loc=SL124452896-108306 + Details
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