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Unaudited Quarterly Results | 12 Months Ended
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Dec. 31, 2021
Quarterly Financial Information Disclosure [Abstract] |
Unaudited Quarterly Results | The following tables present unaudited quarterly financial information (in millions, except per share amounts). In the opinion of the Company’s management, the quarterly information contains all adjustments, consisting only of normal recurring accruals, necessary for a fair presentation thereof. The operating results for any quarter are not necessarily indicative of the results for any future periods.
|  | Quarter Ended |  | Year Ended Dec. 31
2021 |  | Mar. 31 |  | Jun. 30 |  | Sep. 30 |  | Dec. 31 |
Revenues |  | $ | 907.0 |  |  | $ | 974.9 |  |  | $ | 1,073.8 |  |  | $ | 1,053.8 |  |  | $ | 4,009.5 |
Gross profit |  | 243.7 |  |  | 276.3 |  |  | 308.7 |  |  | 313.7 |  |  | 1,142.4 |
Income from continuing operations |  | 42.8 |  |  | 57.3 |  |  | 66.3 |  |  | 65.4 |  |  | 231.8 |
Income from discontinued operations, net of income taxes |  | 5.9 |  |  | 6.9 |  |  | 145.7 |  |  | 19.6 |  |  | 178.1 |
Net income |  | $ | 48.7 |  |  | $ | 64.2 |  |  | $ | 212.0 |  |  | $ | 85.0 |  |  | $ | 409.9 |
Per share income from continuing operations: |  |  |  |  |  |  |  |  |  |
Basic — |  |  |  |  |  |  |  |  |  |
Continuing operations |  | $ | 0.81 |  |  | $ | 1.08 |  |  | $ | 1.26 |  |  | $ | 1.26 |  |  | $ | 4.40 |
Discontinued operations |  | 0.11 |  |  | 0.13 |  |  | 2.76 |  |  | 0.38 |  |  | 3.38 |
|  | $ | 0.92 |  |  | $ | 1.21 |  |  | $ | 4.02 |  |  | $ | 1.64 |  |  | $ | 7.78 |
Diluted — |  |  |  |  |  |  |  |  |  |
Continuing operations |  | $ | 0.80 |  |  | $ | 1.06 |  |  | $ | 1.24 |  |  | $ | 1.24 |  |  | $ | 4.33 |
Discontinued operations |  | 0.11 |  |  | 0.13 |  |  | 2.73 |  |  | 0.38 |  |  | 3.33 |
|  | $ | 0.91 |  |  | $ | 1.19 |  |  | $ | 3.97 |  |  | $ | 1.62 |  |  | $ | 7.66 |
Shares and share equivalents used to calculate earnings per share: |  |  |  |  |  |  |  |  |  |
Basic |  | 53.0 |  |  | 53.2 |  |  | 52.7 |  |  | 52.0 |  |  | 52.7 |
Diluted |  | 53.7 |  |  | 53.9 |  |  | 53.4 |  |  | 52.9 |  |  | 53.5 |
|  | Quarter Ended |  | Year Ended Dec. 31
2020 |  | Mar. 31 |  | Jun. 30 |  | Sep. 30 |  | Dec. 31 |
Revenues |  | $ | 865.4 |  |  | $ | 831.9 |  |  | $ | 904.4 |  |  | $ | 900.4 |  |  | $ | 3,502.1 |
Gross profit |  | 242.6 |  |  | 227.5 |  |  | 236.3 |  |  | 240.8 |  |  | 947.2 |
Income from continuing operations |  | 39.1 |  |  | 43.5 |  |  | 46.7 |  |  | 48.3 |  |  | 177.6 |
Income from discontinued operations, net of income taxes |  | 4.7 |  |  | 5.3 |  |  | 5.6 |  |  | 7.1 |  |  | 22.7 |
Net income |  | $ | 43.8 |  |  | $ | 48.8 |  |  | $ | 52.3 |  |  | $ | 55.4 |  |  | $ | 200.3 |
Per share income from continuing operations: |  |  |  |  |  |  |  |  |  |
Basic — |  |  |  |  |  |  |  |  |  |
Continuing operations |  | $ | 0.74 |  |  | $ | 0.83 |  |  | $ | 0.89 |  |  | $ | 0.91 |  |  | $ | 3.37 |
Discontinued operations |  | 0.09 |  |  | 0.10 |  |  | 0.11 |  |  | 0.14 |  |  | 0.43 |
|  | $ | 0.83 |  |  | $ | 0.93 |  |  | $ | 1.00 |  |  | $ | 1.05 |  |  | $ | 3.80 |
Diluted — |  |  |  |  |  |  |  |  |  |
Continuing operations |  | $ | 0.73 |  |  | $ | 0.82 |  |  | $ | 0.88 |  |  | $ | 0.90 |  |  | $ | 3.33 |
Discontinued operations |  | 0.09 |  |  | 0.10 |  |  | 0.11 |  |  | 0.14 |  |  | 0.43 |
|  | $ | 0.82 |  |  | $ | 0.92 |  |  | $ | 0.99 |  |  | $ | 1.04 |  |  | $ | 3.76 |
Shares and share equivalents used to calculate earnings per share: |  |  |  |  |  |  |  |  |  |
Basic |  | 52.8 |  |  | 52.5 |  |  | 52.5 |  |  | 52.8 |  |  | 52.7 |
Diluted |  | 53.3 |  |  | 53.0 |  |  | 53.0 |  |  | 53.5 |  |  | 53.3 |

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