XML 14 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Operations        
Net sales $ 349.8 $ 438.2 $ 1,234.9 $ 1,322.6
Cost of sales 308.3 368.3 1,023.3 1,082.4
Gross profit 41.5 69.9 211.6 240.2
Operating costs and expenses:        
Engineering, selling and administrative expenses 73.0 77.6 218.8 239.8
Asset impairment expense 96.9 0.0 96.9 0.0
Amortization expense 0.7 0.8 2.2 2.3
Restructuring expense 3.9 (0.4) 17.1 0.4
Other 0.5 0.1 2.3 0.0
Total operating costs and expenses 175.0 78.1 337.3 242.5
Operating loss (133.5) (8.2) (125.7) (2.3)
Other income (expense):        
Interest expense (10.0) (24.0) (29.6) (71.3)
Amortization of deferred financing fees (0.5) (1.1) (1.8) (3.2)
Loss on debt extinguishment 0.0 0.0 (76.3) 0.0
Other income (expense) - net 0.5 (2.4) 3.7 0.2
Total other expense (10.0) (27.5) (104.0) (74.3)
Loss from continuing operations before taxes (143.5) (35.7) (229.7) (76.6)
(Benefit) provision for taxes on income (5.3) (6.1) 116.9 (17.3)
Loss from continuing operations (138.2) (29.6) (346.6) (59.3)
Discontinued operations:        
(Loss) income from discontinued operations, net of income taxes of $1.8, $17.2, $0.5 and $41.9, respectively (1.8) 34.4 (5.8) 79.0
Net (loss) income $ (140.0) $ 4.8 $ (352.4) $ 19.7
Basic (loss) income per common share:        
Loss from continuing operations (in dollars per share) $ (1.00) $ (0.22) $ (2.52) $ (0.44)
(Loss) income from discontinued operations (in dollars per share) (0.01) 0.25 (0.04) 0.58
Basic (loss) income per common share (in dollars per share) (1.01) 0.04 (2.56) 0.14
Diluted (loss) income per common share:        
Loss from continuing operations (in dollars per share) (1.00) (0.22) (2.52) (0.44)
(Loss) income from discontinued operations (in dollars per share) (0.01) 0.25 (0.04) 0.58
Diluted (loss) income per common share (in dollars per share) $ (1.01) $ 0.04 $ (2.56) $ 0.14
Weighted average shares outstanding — basic (in shares) 138,422,953 136,164,053 137,390,809 135,983,603
Weighted average shares outstanding — diluted (in shares) 138,422,953 136,164,053 137,390,809 135,983,603