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Quarterly Results of Operations (unaudited) (Tables)
 12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Results of Operations (unaudited) [Table Text Block]
 
 
2017
 
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter (a)
 
 
(millions, except per-share amounts)
Net sales
 
$
974.4

 
$
1,138.9

 
$
1,226.6

 
$
1,092.0

Income from operations
 
$
21.1

 
$
42.4

 
$
56.0

 
$
21.6

Net income
 
$
10.0

 
$
22.2

 
$
31.7

 
$
19.1

Net income per common share – Basic
 
$
0.26

 
$
0.57

 
$
0.82

 
$
0.49

Net income per common share – Diluted
 
$
0.26

 
$
0.57

 
$
0.81

 
$
0.49


 
 
2016
 
 
First Quarter
 
Second Quarter
 
Third Quarter (b)
 
Fourth Quarter (c)
 
 
(millions, except per-share amounts)
Net sales
 
$
880.7

 
$
1,043.8

 
$
1,067.2

 
$
919.5

Income (loss) from operations
 
$
13.4

 
$
37.9

 
$
31.3

 
$
(3.0
)
Net income
 
$
5.0

 
$
19.2

 
$
10.0

 
$
4.1

Net income per common share – Basic
 
$
0.13

 
$
0.50

 
$
0.26

 
$
0.11

Net income per common share – Diluted
 
$
0.13

 
$
0.49

 
$
0.26

 
$
0.11


__________________ 

(a)
Fourth quarter 2017 results include an $8.1 million, or $0.21 per share, income tax benefit associated with the effects of the Tax Cuts and Jobs Act discussed further in Note 3, Income Taxes.

(b)
Third quarter 2016 results include a $5.9 million, or $0.15 per share, after-tax loss on the extinguishment of debt, as we refinanced our senior notes. For more information, see Note 7, Debt.

(c)
The following items impacted fourth quarter 2016 results:

•
$8.5 million, or $0.22 per share, income tax benefit primarily associated with the reversal of a valuation allowance on foreign deferred tax assets, net of other tax adjustments. For more information, see Note 3, Income Taxes.

•
$3.0 million, $0.08 per share, after-tax loss on the extinguishment of debt, as we refinanced our senior notes. For more information, see Note 7, Debt.

•
$2.4 million, or $0.06 per share, after-tax settlement expense associated with voluntary lump-sum payments to pension plan participants. For more information, see Note 9, Retirement and Benefit Plans.