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Quarterly Financial Data (Unaudited) | 12 Months Ended
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Dec. 31, 2018
Quarterly Financial Data [Abstract] |
Quarterly Financial Data (Unaudited) | Quarterly Financial Data (Unaudited) The following tables present the unaudited financial data for each of the interim periods in 2018 and 2017 (in millions of dollars, except per share amounts):
|  | Quarter Ended 31-Mar |  | Quarter Ended 30-Jun |  | Quarter Ended 30-Sep |  | Quarter Ended 31-Dec
2018 |  |  |  |  |  |  |  |
Net sales |  | $ | 388.0 |  |  | $ | 415.4 |  |  | $ | 393.1 |  |  | $ | 389.4 |
Cost of products sold, excluding depreciation, amortization and other items |  | $ | 316.7 |  |  | $ | 343.4 |  |  | $ | 323.3 |  |  | $ | 317.3 |
Gross profit |  | $ | 71.3 |  |  | $ | 72.0 |  |  | $ | 69.8 |  |  | $ | 72.1 |
Operating income |  | $ | 37.1 |  |  | $ | 34.7 |  |  | $ | 34.9 |  |  | $ | 36.9 |
Net income |  | $ | 25.7 |  |  | $ | 20.7 |  |  | $ | 21.7 |  |  | $ | 23.6 |
Net income per common share, Basic |  | $ | 1.54 |  |  | $ | 1.24 |  |  | $ | 1.31 |  |  | $ | 1.44 |
Net income per common share, Diluted |  | $ | 1.51 |  |  | $ | 1.22 |  |  | $ | 1.29 |  |  | $ | 1.41 |
Dividends declared per common share |  | $ | 0.55 |  |  | $ | 0.55 |  |  | $ | 0.55 |  |  | $ | 0.55 |
|  | Quarter Ended 31-Mar |  | Quarter Ended 30-Jun |  | Quarter Ended 30-Sep |  | Quarter Ended 31-Dec
2017 |  |  |  |  |  |  |  |
Net sales |  | $ | 355.3 |  |  | $ | 356.3 |  |  | $ | 332.8 |  |  | $ | 353.1 |
Cost of products sold, excluding depreciation, amortization and other items |  | $ | 262.7 |  |  | $ | 289.6 |  |  | $ | 256.4 |  |  | $ | 277.2 |
Gross profit |  | $ | 92.6 |  |  | $ | 66.7 |  |  | $ | 76.4 |  |  | $ | 75.9 |
Operating income |  | $ | 59.3 |  |  | $ | 12.5 |  |  | $ | 41.5 |  |  | $ | 41.9 |
Net income (loss)1 |  | $ | 36.0 |  |  | $ | 4.7 |  |  | $ | 19.9 |  |  | $ | (15.2 | )
Net income (loss) per common share, Basic |  | $ | 2.07 |  |  | $ | 0.28 |  |  | $ | 1.18 |  |  | $ | (0.90 | )
Net income (loss) per common share, Diluted |  | $ | 2.04 |  |  | $ | 0.27 |  |  | $ | 1.16 |  |  | $ | (0.90 | )
Dividends declared per common share |  | $ | 0.50 |  |  | $ | 0.50 |  |  | $ | 0.50 |  |  | $ | 0.50 |
________________ 1 The quarter ended June 30, 2017 reflected an $18.4 million goodwill impairment charge (see Note 3). The quarter ended December 31, 2017 included the tax provision effect of $37.2 million due to the Tax Act (see Note 13).

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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