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Quarterly Financial Data | 12 Months Ended
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Dec. 31, 2015
Quarterly Financial Data [Abstract] |
Quarterly Financial Data | 20. Quarterly Financial Data (unaudited)
(in millions, except per share amounts) |  |  |  |  |  |  |  |
2015 |  | 1st |  | 2nd |  | 3rd |  | 4th
Net sales |  | $181.3 |  | $172.3 |  | $178.8 |  | $177.5
Gross profit |  | 76.7 |  | 54.6 |  | 75.7 |  | 71.7
Net income/(loss) attributable to the Company |  | 12.2 |  | (2.2 | ) | 9.7 |  | 37.6
Basic earnings per share |  | 0.38 |  | (0.07 | ) | 0.30 |  | 1.18
Diluted earnings per share |  | 0.38 |  | (0.07 | ) | 0.30 |  | 1.18
Cash dividends per share |  | 0.16 |  | 0.17 |  | 0.17 |  | 0.17
Class A Common Stock prices: |  |  |  |  |  |  |  |
High |  | 40.31 |  | 41.15 |  | 40.21 |  | 39.25
Low |  | 34.13 |  | 39.15 |  | 28.28 |  | 28.19
|  | 1st |  | 2nd |  | 3rd |  | 4th
2014 |  |  |  |  |  |  |  |
Net sales |  | $180.3 |  | $193.5 |  | $179.9 |  | $191.6
Gross profit |  | 74.8 |  | 75.3 |  | 68.6 |  | 72.9
Net income attributable to the Company |  | 10.6 |  | 11.2 |  | 11.8 |  | 8.0
Basic earnings per share |  | 0.33 |  | 0.35 |  | 0.37 |  | 0.26
Diluted earnings per share |  | 0.33 |  | 0.35 |  | 0.37 |  | 0.25
Cash dividends per share |  | 0.15 |  | 0.16 |  | 0.16 |  | 0.16
Class A Common Stock prices: |  |  |  |  |  |  |  |
High |  | 37.59 |  | 38.01 |  | 38.53 |  | 38.15
Low |  | 32.85 |  | 33.67 |  | 34.04 |  | 32.46
2013 |  |  |  |  |  |  |  |
Net sales |  | $186.7 |  | $198.0 |  | $183.1 |  | $189.6
Gross profit |  | 72.8 |  | 77.4 |  | 68.0 |  | 72.4
Net income attributable to the Company |  | 11.5 |  | (7.4) |  | 4.7 |  | 8.7
Basic earnings per share |  | 0.36 |  | (0.23) |  | 0.15 |  | 0.27
Diluted earnings per share |  | 0.36 |  | (0.23) |  | 0.15 |  | 0.27
Cash dividends per share |  | 0.14 |  | 0.15 |  | 0.15 |  | 0.15
Class A Common Stock prices: |  |  |  |  |  |  |  |
High |  | 29.87 |  | 33.90 |  | 36.53 |  | 37.25
Low |  | 23.21 |  | 27.48 |  | 32.27 |  | 33.81
In 2015, restructuring charges reduced earnings per share by $0.18 in the first quarter, $0.02 in the second quarter, $0.07 in the third quarter, and $0.21 in the fourth quarter. In 2015, discrete income tax adjustments, increased/(decreased) earnings per share by: $(0.01) in the first quarter, $0.00 in the second quarter, ($0.15) in the third quarter, and $0.85 in the fourth quarter. The amount recognized in the fourth quarter was principally due to a worthless stock deduction for the Company's investment in its German subsidiary. In 2015, we recognized a gain related to the sale of investment, $0.02 per share in the first quarter. In 2014, restructuring charges reduced earnings per share by $0.02 in the first quarter, $0.04 in the second quarter, $0.02 in the third quarter, and $0.04 in the fourth quarter. In 2014, we recognized a gain related to the insurance recovery due to damage to a Machine Clothing manufacturing facility, $0.03 per share in the second quarter and $0.01 per share in the third quarter. In 2014, earnings per share included a pension plan settlement charge of $0.16 per share in the fourth quarter. In 2013, restructuring charges reduced earnings per share by $0.01 in the first quarter, $0.47 in the second quarter, $0.04 in the third quarter, and increased earnings per share by $0.03 in the fourth quarter. In the first quarter of 2013, we recognized a gain of $0.08 per share related to the sale of a former manufacturing facility. The Company's Class A Common Stock is traded principally on the New York Stock Exchange. As of December 31, 2015, there were approximately 7,500 beneficial owners of the Company's common stock, including employees owning shares through the Company's 401(k) defined contribution plan.

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- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e765-108305 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=51825399&loc=d3e1280-108306 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e725-108305 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
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