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Quarterly Financial Data (Unaudited) | 12 Months Ended
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Dec. 31, 2019
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 2019 and 2018 (in millions of dollars, except per share amounts):
|  | Quarter Ended 31-Mar |  | Quarter Ended 30-Jun |  | Quarter Ended 30-Sep |  | Quarter Ended 31-Dec
2019 |  |  |  |  |  |  |  |
Net sales |  | $ | 395.2 |  |  | $ | 375.3 |  |  | $ | 374.9 |  |  | $ | 368.7 |
Cost of products sold |  | $ | 315.1 |  |  | $ | 303.5 |  |  | $ | 298.6 |  |  | $ | 298.0 |
Gross profit |  | $ | 80.1 |  |  | $ | 71.8 |  |  | $ | 76.3 |  |  | $ | 70.7 |
Operating income |  | $ | 43.0 |  |  | $ | 32.4 |  |  | $ | 40.7 |  |  | $ | 9.6 |
Net income (loss)1 |  | $ | 28.0 |  |  | $ | 19.2 |  |  | $ | 25.4 |  |  | $ | (10.6 | )
Net income (loss) per common share, Basic |  | $ | 1.74 |  |  | $ | 1.19 |  |  | $ | 1.59 |  |  | $ | (0.66 | )
Net income (loss) per common share, Diluted |  | $ | 1.71 |  |  | $ | 1.18 |  |  | $ | 1.57 |  |  | $ | (0.66 | )
Dividends declared per common share |  | $ | 0.60 |  |  | $ | 0.60 |  |  | $ | 0.60 |  |  | $ | 0.60 |
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1. | The quarter ended December 31, 2019 reflected a $25.2 million goodwill impairment charge (see Note 4) and a $20.3 million loss on extinguishment of debt (see Note 12).
|  | 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 |  | $ | 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 |

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- References No definition available. + Details
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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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