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Quarterly Financial Information (Unaudited) (Details) - USD ($)
$ / shares in Units, $ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2020
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]                      
Net sales $ 460.1 [1] $ 444.1 [1] $ 366.9 [1] $ 384.1 [1] $ 537.4 [1] $ 505.7 [1] $ 518.7 [1] $ 393.9 [1] $ 1,655.2 $ 1,955.7 $ 1,941.2
Gross profit 143.1 127.1 110.0 112.2 186.0 155.9 165.8 125.8 492.4 633.5 627.8
Operating income 42.2 34.3 18.5 17.4 68.1 48.8 61.4 17.9 112.4 [2] 196.2 [2] 187.0 [2]
Net income $ 29.8 $ 18.8 $ 5.4 $ 8.0 $ 43.5 $ 28.0 $ 35.9 $ (0.6) $ 62.0 $ 106.8 $ 106.7
Basic income per share:                      
Basic income per share $ 0.31 [3] $ 0.20 [3] $ 0.06 [3] $ 0.08 [3] $ 0.45 [3] $ 0.29 [3] $ 0.35 [3] $ (0.01) [3] $ 0.65 $ 1.07 $ 1.02
Diluted income per share:                      
Diluted income per share $ 0.31 [3] $ 0.20 [3] $ 0.06 [3] $ 0.08 [3] $ 0.44 [3] $ 0.28 [3] $ 0.35 [3] $ (0.01) [3] $ 0.65 $ 1.06 $ 1.00
[1] Our recent acquisition of PowerA and previous acquisitions in Mexico and Brazil have increased the size of our seasonal businesses. As a result of the seasonal nature of the demand for our products, we have generated, and we expect to continue to generate, a significant percentage of our sales and profit during the second, third, and fourth quarters. However, our cash flow seasonality is almost all in the second half of the year, as the cash inflow in the first quarter is consumed in the second quarter as inventory. Our third and fourth quarter cash flow comes from completing the working capital cycle and collecting our accounts receivable.
[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.