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Quarterly Financial Information (Unaudited)
 12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
 
 
1st
Quarter
 
2nd
Quarter
 
3rd
Quarter
 
4th
Quarter (a)
 
Total
2015:
 
 
 
 
 
 
 
 
 
Revenues
$
740.5

 
$
716.7

 
$
741.6

 
$
751.8

  
$
2,950.6

Operating Income
49.2

 
36.3

 
47.8

 
61.1

 
194.4

Income from Continued Operations, net of tax
39.3

 
29.0

 
57.6

 
42.6

 
168.4

Income from Discontinued Operations, net of tax
0.1

 
—

 
0.5

 
—

 
0.6

Net Income
39.4

 
29.0

 
58.1

 
42.6

 
169.0

Basic Earnings Per Common Share:
 
 
 
 
 
 
 
 
 
Continuing Operations
$
0.40

 
$
0.29

 
$
0.59

 
$
0.44

 
$
1.72

Discontinued Operations
—

 
—

 
—

 
—

  
0.01

Basic Earnings Per Common Share
$
0.40

 
$
0.29

 
$
0.59

 
$
0.44

 
$
1.73

Diluted Earnings Per Common Share
 
 
 
 
 
 
 
 
 
Continuing Operations
$
0.37

 
$
0.28

 
$
0.55

 
$
0.41

 
$
1.60

Discontinued Operations
—

 
—

 
0.01

 
—

  
0.01

Diluted Earnings Per Common Share
$
0.37

 
$
0.28

 
$
0.56

 
$
0.41

 
$
1.61

 
 
1st
Quarter
 
2nd
Quarter
 
3rd
Quarter
 
4th
Quarter (b)
 
Total
2014:
 
 
 
 
 
 
 
 
 
Revenues
$
605.7

  
$
736.4

  
$
749.5

  
$
763.9

  
$
2,855.5

Operating Income
22.0

  
36.9

 
42.0

  
49.9

 
150.8

Income from Continued Operations, net of tax
13.7

  
24.9

 
30.0

  
48.0

 
116.5

Income (loss) from Discontinued Operations, net of tax
0.5

 
(0.2
)
 
2.8

 
0.4

 
3.5

Net Income
14.2

 
24.7

 
32.8

 
48.4

 
120.0

Basic Earnings Per Common Share:
 
 
 
 
 
 
 
 
 
Continuing Operations
$
0.14

  
$
0.25

  
$
0.30

  
$
0.48

 
$
1.16

Discontinued Operations
—

 
—

 
0.03

 
—

  
0.03

Basic Earnings Per Common Share
$
0.14

  
$
0.25

 
$
0.33

 
$
0.48

  
$
1.19

Diluted Earnings Per Common Share
 
 
 
 
 
 
 
 
 
Continuing Operations
$
0.13

  
$
0.23

  
$
0.28

  
$
0.46

 
$
1.10

Discontinued Operations
—

 
—

 
0.03

 
—

  
0.03

Basic Earnings Per Common Share
$
0.13

  
$
0.23

 
$
0.31

 
$
0.46

  
$
1.13



(a) Fourth quarter 2015 includes a decrease in operating income of $13.4 resulting from $3.5 of integration related expenses associated with Convergys’ acquisition of Stream, $3.6 of depreciation expense resulting from the fair value write-up of property and equipment acquired from Stream, and $6.3 of amortization expense related to acquired intangible assets. Fourth quarter 2015 also includes $1.9 of tax expense for a change in estimate between tax previously accrued for the repatriation of foreign earnings and the revised estimates as of December 31, 2015.

(b) Fourth quarter 2014 includes a decrease in operating income of $16.7 resulting from $2.2 of integration related expenses associated with Convergys’ acquisition of Stream, $1.7 of pension settlement charge, $5.6 of depreciation expense resulting from the fair value write-up of property and equipment acquired from Stream, and $7.2 of amortization expense related to acquired intangible assets. Fourth quarter 2014 also includes $4.5 of tax benefit for a change in estimate between tax previously accrued for the repatriation of foreign earnings and the revised estimates as of December 31, 2014.


The sum of the quarterly earnings per common share may not equal the annual amounts reported because per share amounts are computed independently for each quarter and for full year based on respective weighted-average common shares outstanding and other dilutive potential common shares.