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CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Income Statement [Abstract]      
Revenues $ 859.3 $ 849.6 $ 915.0
Cost of goods sold 529.2 534.6 551.8
Restructuring charges - cost of goods sold 1.5 2.7 7.7
Gross profit 328.6 312.3 355.5
Research and development expenses 100.5 92.8 64.1
Selling and administrative expenses 170.7 171.9 156.9
Restructuring charges 10.3 11.6 (0.1)
Operating expenses 281.5 276.3 220.9
Operating earnings 47.1 36.0 134.6
Interest expense, net 20.4 12.7 6.6
Other (income) expense, net (4.1) 0.7 (4.5)
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest [1] 30.8 22.6 132.5
Provision for income taxes 11.7 6.1 12.9
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent 19.1 16.5 119.6
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent (61.4) (250.3) (206.6)
Earnings from continuing operations $ (42.3) $ (233.8) $ (87.0)
Income (Loss) from Continuing Operations, Per Basic Share $ 0.22 $ 0.19 $ 1.41
Income (Loss) from Continuing Operations, Per Diluted Share 0.21 0.19 1.40
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Basic Share (0.70) (2.88) (2.43)
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Diluted Share (0.68) (2.88) (2.42)
Earnings per share:      
Basic (loss) earnings per share (usd per share) (0.48) (2.69) (1.02)
Diluted (loss) earnings per share (usd per share) $ (0.47) $ (2.69) $ (1.02)
Weighted average common shares outstanding:      
Basic (in shares) [2] 88,667,098 86,802,828 85,046,042
Diluted (in shares) [2] 89,182,967 86,992,254 85,292,959
[1] Years Ended December 31,(in millions)2016 2015 2014Revenue: Mobile Consumer Electronics$439.8 $421.7 $457.8Specialty Components419.5 427.9 457.2Total consolidated revenue$859.3 $849.6 $915.0 Earnings from continuing operations before interest and income taxes: Mobile Consumer Electronics$29.0 $30.6 $113.0Specialty Components74.2 61.0 69.5Total segments103.2 91.6 182.5Corporate expense / other52.0 56.3 43.4Interest expense, net20.4 12.7 6.6Earnings from continuing operations before interest and income taxes30.8 22.6 132.5Provision for income taxes11.7 6.1 12.9Earnings from continuing operations$19.1 $16.5 $119.6 Depreciation and amortization: Mobile Consumer Electronics$48.7 $49.0 $48.5Specialty Components21.0 25.1 24.8Corporate3.3 2.7 2.1Total$73.0 $76.8 $75.4 Capital expenditures: Mobile Consumer Electronics$23.7 $22.9 $39.9Specialty Components9.7 19.9 16.6Corporate0.8 5.6 4.7Total$34.2 $48.4 $61.2 Research and development: Mobile Consumer Electronics$72.5 $64.6 $36.2Specialty Components27.9 28.2 27.9Corporate0.1 — —Total$100.5 $92.8 $64.1
[2] Years Ended December 31, 2016 2015 2014Revenues$859.3 $849.6 $915.0Cost of goods sold529.2 534.6 551.8Restructuring charges - cost of goods sold1.5 2.7 7.7Gross profit328.6 312.3 355.5Research and development expenses100.5 92.8 64.1Selling and administrative expenses170.7 171.9 156.9Restructuring charges10.3 11.6 (0.1)Operating expenses281.5 276.3 220.9Operating earnings47.1 36.0 134.6Interest expense, net20.4 12.7 6.6Other (income) expense, net(4.1) 0.7 (4.5)Earnings before income taxes and discontinued operations30.8 22.6 132.5Provision for income taxes11.7 6.1 12.9Earnings from continuing operations19.116.5 119.6Loss from discontinued operations, net(61.4) (250.3) (206.6)Net loss$(42.3) $(233.8) $(87.0) Earnings per share from continuing operations: Basic$0.22 $0.19 $1.41Diluted$0.21 $0.19 $1.40 Loss per share from discontinued operations: Basic$(0.70) $(2.88) $(2.43)Diluted$(0.68) $(2.88) $(2.42) Net loss per share: Basic$(0.48) $(2.69) $(1.02)Diluted$(0.47) $(2.69) $(1.02) Weighted average common shares outstanding: Basic88,667,09886,802,828 85,046,042Diluted89,182,96786,992,254 85,292,959