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Quarterly Financial Information (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information
The following tables summarize the Company's unaudited quarterly financial data for the years ended December 31, 2016 and 2015 ($ in millions, except per share amounts):
 
2016
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
Year
Net sales
$
214.6

 
$
217.3

 
$
209.3

 
$
198.7

 
$
839.9

Gross profit
63.5

 
66.9

 
63.1

 
63.2

 
256.7

Restructuring and impairment expense
1.8

 
0.9

 
1.3

 
21.6

 
25.6

Operating profit
31.6

 
37.5

 
30.8

 
6.2

 
106.1

Income from continuing operations
21.1

 
26.0

 
18.7

 
17.0

 
82.8

Income from discontinued operations

 

 

 

 

Net income
$
21.1

 
$
26.0

 
$
18.7

 
$
17.0

 
$
82.8

 
 
 
 
 
 
 
 
 
 
Net income per share:
 
 
 
 
 
 
 
 
 
Income per share from continuing operations - basic
$
0.69

 
$
0.85

 
$
0.62

 
$
0.55

 
$
2.71

Income per share from discontinued operations - basic

 

 

 

 

Net income per share - basic
$
0.69

 
$
0.85

 
$
0.62

 
$
0.55

 
$
2.71

 
 
 
 
 
 
 

 
 
Income per share from continuing operations - diluted
$
0.69

 
$
0.85

 
$
0.61

 
$
0.55

 
$
2.70

Income per share from discontinued operations - diluted

 

 

 

 

Net income per share - diluted
$
0.69

 
$
0.85

 
$
0.61

 
$
0.55

 
$
2.70


 
2015
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
Year
Net sales
$
188.0

 
$
181.9

 
$
184.4

 
$
209.8

 
$
764.1

Gross profit
51.4

 
54.8

 
52.4

 
65.8

 
224.4

Restructuring and impairment expense
4.0

 
5.2

 
1.3

 
4.1

 
14.6

Operating profit
22.5

 
24.0

 
31.8

 
24.7

 
103.0

Income from continuing operations
18.8

 
24.5

 
25.6

 
21.6

 
90.5

(Loss) income from discontinued operations

 
(1.1
)
 
0.2

 
0.1

 
(0.8
)
Net income
$
18.8

 
$
23.4

 
$
25.8

 
$
21.7

 
$
89.7

 
 
 
 
 
 
 
 
 
 
Net income per share:
 
 
 
 
 
 
 
 
 
Income per share from continuing operations - basic
$
0.62

 
$
0.80

 
$
0.84

 
$
0.71

 
$
2.97

(Loss) income per share from discontinued operations - basic

 
(0.04
)
 
0.01

 
0.01

 
(0.02
)
Net income per share - basic
$
0.62

 
$
0.76

 
$
0.85

 
$
0.72

 
$
2.95

 
 
 
 
 
 
 
 
 
 
Income per share from continuing operations - diluted
$
0.61

 
$
0.80

 
$
0.84

 
$
0.71

 
$
2.96

(Loss) income per share from discontinued operations - diluted

 
(0.04
)
 
0.01

 
0.01

 
(0.02
)
Net income per share - diluted
$
0.61

 
$
0.76

 
$
0.85

 
$
0.72

 
$
2.94