XML 14 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operations    
Net sales $ 305.8 $ 427.4
Cost of sales 253.9 347.7
Gross profit 51.9 79.7
Operating costs and expenses:    
Engineering, selling and administrative expenses 63.3 72.4
Amortization of intangible assets 0.4 0.7
Restructuring expense 11.7 4.4
Other expense 0.2 1.4
Total operating costs and expenses 75.6 78.9
Operating (loss) income (23.7) 0.8
Other (expense) income:    
Interest expense (10.1) (9.7)
Amortization of deferred financing fees (0.5) (0.9)
Loss on debt extinguishment 0.0 (76.3)
Other (expense) income - net (0.2) 1.1
Total other expense (10.8) (85.8)
Loss from continuing operations before taxes (34.5) (85.0)
Provision for taxes on income 1.5 107.7
Loss from continuing operations (36.0) (192.7)
Discontinued operations:    
Loss from discontinued operations, net of income taxes of $0.0 and $(1.3), respectively 0.0 (3.2)
Net loss $ (36.0) $ (195.9)
Basic loss per common share:    
Loss from continuing operations (in dollars per share) $ (0.26) $ (1.41)
Loss from discontinued operations, net of income taxes (in dollars per share) 0.00 (0.02)
Loss per common share (in dollars per share) (0.26) (1.43)
Diluted loss per common share:    
Loss from continuing operations (in dollars per share) (0.26) (1.41)
Loss from discontinued operations (in dollars per share) 0.00 (0.02)
Diluted loss per common share (in dollars per share) $ (0.26) $ (1.43)
Weighted average shares outstanding — basic (in shares) 140,081,711 136,599,912
Weighted average shares outstanding — diluted (in shares) 140,081,711 136,599,912