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Quarterly Financial Information (Unaudited) (Details) - USD ($)
$ / shares in Units, $ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]                      
Net sales $ 537.4 [1] $ 505.7 [1] $ 518.7 [1] $ 393.9 [1] $ 529.3 [1] $ 507.3 [1] $ 498.8 [1] $ 405.8 [1] $ 1,955.7 $ 1,941.2 $ 1,948.8
Gross profit 186.0 155.9 165.8 125.8 177.1 160.8 162.4 127.5 633.5 627.8 657.3
Operating income 68.1 48.8 61.4 17.9 66.0 57.5 51.8 11.7 196.2 [2] 187.0 [2] 184.5 [2]
Net income $ 43.5 $ 28.0 $ 35.9 $ (0.6) $ 35.0 $ 35.6 $ 25.7 $ 10.4 $ 106.8 $ 106.7 $ 131.7
Basic income per share:                      
Basic income per share $ 0.45 [3] $ 0.29 [3] $ 0.35 [3] $ (0.01) [3] $ 0.34 [3] $ 0.34 [3] $ 0.24 [3] $ 0.10 [3] $ 1.07 $ 1.02 $ 1.22
Diluted income per share:                      
Diluted income per share $ 0.44 [3] $ 0.28 [3] $ 0.35 [3] $ (0.01) [3] $ 0.34 [3] $ 0.34 [3] $ 0.24 [3] $ 0.09 [3] $ 1.06 $ 1.00 $ 1.19
[1]
Historically, our business has experienced higher sales and earnings in the second, third, and fourth quarters of the calendar year and we expect those trends to continue. Two principal factors contribute to this seasonality: (1) we are a major supplier of products related to the back-to-school season, which occurs principally from May through September for our businesses in North America and Mexico and from November through February for our Australian and Brazilian businesses; and (2) several product categories we sell lend themselves to calendar year-end purchase, including planners, paper storage, and organization products.
[2]
Operating income as presented in the segment table above is defined as i) net sales; ii) less cost of products sold; iii) less SG&A expenses; iv) less amortization of intangibles; and v) less restructuring charges.
[3]
The sum of the quarterly earnings per share amounts may not equal the total for the year due to the effects of rounding, dilution as a result of issuing shares of common stock and repurchasing of shares of common stock during the year.