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Quarterly Financial Information
12 Months Ended
Dec. 31, 2012
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information
Quarterly Financial Information (Unaudited)
Below is unaudited quarterly financial information for 2012 and 2011 (in millions, except for earnings per share and common stock sales price):

2012

Q11
 
Q22
 
Q32
 
Q4
Revenues
$
179.7

 
$
201.0

 
$
192.8

 
$
216.6

Gross profit
65.9

 
79.2

 
80.0

 
90.9

Net (loss) earnings
(242.1
)
 
(43.3
)
 
7.7

 
(4.8
)
 
 
 
 
 
 
 
 
Basic (loss) earnings per share
$
(4.03
)
 
$
(0.72
)
 
$
0.13

 
$
(0.08
)
Diluted (loss) earnings per share
$
(4.03
)
 
$
(0.72
)
 
$
0.13

 
$
(0.08
)
1 In the first quarter of 2012, we recognized expense of $206.9 million for a valuation allowance against a portion of our U.S. deferred tax assets.
2 Net (loss) earnings, basic (loss) earnings per share, and diluted (loss) earnings per share for the second and third quarters of 2012 have been corrected from amounts previously reported, as described in the section below titled "Immaterial Restatement of Goodwill Impairment."

2011

Q1
 
Q2
 
Q3
 
Q43
Revenues
$
178.5

 
$
221.1

 
$
211.8

 
$
236.8

Gross profit
68.3

 
91.3

 
87.8

 
99.3

Net (loss) earnings
(6.0
)
 
(3.8
)
 
0.7

 
(21.6
)
 
 
 
 
 
 
 
 
Basic (loss) earnings per share
$
(0.10
)
 
$
(0.06
)
 
$
0.01

 
$
(0.36
)
Diluted (loss) earnings per share
$
(0.10
)
 
$
(0.06
)
 
$
0.01

 
$
(0.36
)
3 In the fourth quarter of 2011, we recorded an expense of $20.9 million for a valuation allowance against a portion of our U.S. deferred tax assets.