Selected Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2018

Quarterly Financial Information Disclosure [Abstract]

Selected Quarterly Financial Data (Unaudited)

24. Selected Quarterly Financial Data (Unaudited)

	First Quarter (1)				Second Quarter (1)				Third Quarter (1)				Fourth Quarter (1)
(in millions, except per share data)	2018		2017		2018		2017		2018		2017		2018			2017
Net sales	$	368.8	$	295.8	$	393.6	$	307.6	$	388.2	$	343.7	$	381.4		$	362.5
Gross profit	$	125.1	$	101.7	$	115.8	$	104.6	$	124.1	$	115.1	$	114.0		$	122.9
Net income (loss)	$	12.6	$	6.4	$	9.9	$	9.0	$	24.2	$	490.2	$	(22.1	)	$	34.2
Basic earnings (loss) per share	$	0.59	$	0.30	$	0.47	$	0.42	$	1.17	$	22.98	$	(1.07	)	$	1.60
Diluted earnings (loss) per share	$	0.58	$	0.30	$	0.47	$	0.41	$	1.16	$	22.49	$	(1.07	)	$	1.57

(1) Items impacting comparability of net income and earnings (loss) per share in these quarters included:

• The reconsolidation of GST and OldCo including the $534.4 million gain recorded on the reconsolidation in the third quarter of 2017 (See Note 2, "Garlock Sealing Technologies LLC, Garrison Litigation Management Group, Ltd., and OldCo, LLC"), and the tax impacts of the reconsolidation recorded in that quarter (See Note 7, "Income Taxes")

• The impacts of the Tax Act recorded in the fourth quarter of 2017 (See Note 7, "Income Taxes")