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Quarterly Financial Data | 12 Months Ended
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Dec. 31, 2015
Quarterly Financial Data [Abstract] |
Quarterly Financial Information | Quarterly Financial Data (Unaudited) The following tables present the unaudited financial data for each of the interim periods in 2015 and 2014 (in millions of dollars, except per share amounts):
|  | Quarter Ended 31-Mar 1 |  | Quarter Ended 30-Jun |  | Quarter Ended 30-Sep |  | Quarter Ended 31-Dec
2015 |  |  |  |  |  |  |  |
Net sales |  | $ | 371.7 |  |  | $ | 367.2 |  |  | $ | 336.4 |  |  | $ | 316.6 |
Cost of products sold, excluding depreciation, amortization and other items |  | 302.3 |  |  | 294.8 |  |  | 267.3 |  |  | 251.0 |
Lower of cost or market inventory write-down |  | — |  |  | — |  |  | — |  |  | 2.6 |
Unrealized loss (gain) on derivative instruments |  | 4.5 |  |  | 1.5 |  |  | 1.7 |  |  | (4.3 | )
Gross profit |  | 64.9 |  |  | 70.9 |  |  | 67.4 |  |  | 67.3 |
Operating (loss) income |  | (458.6 | ) |  | 37.0 |  |  | 40.5 |  |  | 35.2 |
Net (loss) income |  | $ | (292.2 | ) |  | $ | 20.2 |  |  | $ | 22.1 |  |  | $ | 13.3 |
Net (loss) income per common share, Basic |  | $ | (16.85 | ) |  | $ | 1.19 |  |  | $ | 1.29 |  |  | $ | 0.76 |
Net (loss) income per common share, Diluted |  | $ | (16.85 | ) |  | $ | 1.11 |  |  | $ | 1.21 |  |  | $ | 0.73 |
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1. | The quarter ended March 31, 2015 includes the loss recognized on removal of the Union VEBA net assets. See Note 6 for additional information.
|  | Quarter Ended 31-Mar |  | Quarter Ended 30-Jun |  | Quarter Ended 30-Sep |  | Quarter Ended 31-Dec
2014 |  |  |  |  |  |  |  |
Net sales |  | $ | 335.1 |  |  | $ | 344.1 |  |  | $ | 338.9 |  |  | $ | 338.0 |
Cost of products sold, excluding depreciation, amortization and other items |  | 282.9 |  |  | 275.5 |  |  | 280.4 |  |  | 278.7 |
Unrealized (gain) loss on derivative instruments |  | (2.0 | ) |  | (1.6 | ) |  | 3.6 |  |  | 10.4 |
Gross profit |  | 54.2 |  |  | 70.2 |  |  | 54.9 |  |  | 48.9 |
Operating income |  | 32.1 |  |  | 46.4 |  |  | 32.6 |  |  | 26.8 |
Net income |  | $ | 15.8 |  |  | $ | 24.5 |  |  | $ | 15.9 |  |  | $ | 15.6 |
Net income per common share, Basic |  | $ | 0.88 |  |  | $ | 1.38 |  |  | $ | 0.90 |  |  | $ | 0.88 |
Net income per common share, Diluted |  | $ | 0.85 |  |  | $ | 1.33 |  |  | $ | 0.85 |  |  | $ | 0.85 |

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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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