Quarterly Results of Operations (unaudited) (Tables)

12 Months Ended

Dec. 31, 2020

Quarterly Financial Information Disclosure [Abstract]

Quarterly Results of Operations (unaudited) [Table Text Block]


	2020
	First Quarter (a)		Second Quarter		Third Quarter (b)		Fourth Quarter (c)
	(millions, except per-share amounts)
Net sales	$	1,170.5	$	1,242.8	$	1,589.3	$	1,472.2
Income from operations	$	25.5	$	51.8	$	158.6	$	99.1
Net income	$	12.2	$	33.6	$	103.2	$	26.0
Net income per common share – Basic	$	0.31	$	0.85	$	2.62	$	0.66
Net income per common share – Diluted	$	0.31	$	0.85	$	2.61	$	0.66


	2019
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
	(millions, except per-share amounts)
Net sales	$	1,042.1	$	1,230.1	$	1,269.5	$	1,101.7
Income from operations	$	21.7	$	45.1	$	44.9	$	24.8
Net income	$	11.4	$	27.7	$	27.2	$	14.6
Net income per common share – Basic	$	0.29	$	0.71	$	0.70	$	0.37
Net income per common share – Diluted	$	0.29	$	0.71	$	0.69	$	0.37

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(a)First quarter 2020 results include $15.0 million and $1.7 million, respectively, of pre-tax accelerated depreciation and other curtailment related costs, or $0.32 per share after-tax, related to the permanent curtailment of I-joist production at our Roxboro, North Carolina facility, as discussed in Note 6, Curtailment of Manufacturing Facilities.

(b)Third quarter 2020 results include $14.0 million of pre-tax losses on extinguishment of debt, or $0.27 per share after-tax, as we refinanced our senior notes at a lower interest rate with an extended maturity, as discussed in Note 10, Debt.

(c)Fourth quarter 2020 results include $6.2 million of pre-tax losses, or $0.12 per share after-tax, from a non-cash pension settlement charge related to the Plan Termination, as discussed in Note 12, Retirement and Benefit Plans. Fourth quarter 2020 results also include $38.8 million, or $0.98 per share, of incremental income tax expense related to the release of stranded tax effects upon Plan Termination, as discussed in Note 4, Income Taxes.