XML 39 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Income Statement [Abstract]    
Net sales $ 701.9 $ 390.1
Cost of sales 432.4 201.7
Gross profit 269.5 188.4
Selling and marketing expenses 143.0 86.4
General, administrative and other expenses 70.3 58.7
Equity in earnings of unconsolidated affiliates (1.7) (0.2)
Royalty income, net of royalty expense (4.5) (1.0)
Operating income 62.4 44.5
Other expense, net:    
Interest expense, net 22.2 27.9
Other expense, net 1.0 1.5
Total other expense 23.2 29.4
Income before income taxes 39.2 15.1
Income tax provision (11.5) (2.6)
Net income before non-controlling interest 27.7 12.5
Less: Net income attributable to non-controlling interest 0.3 0
Net income attributable to Tempur Sealy International, Inc. $ 27.4 $ 12.5
(Loss) earnings per common share:    
Basic (in dollars per share) $ 0.45 $ 0.21
Diluted (in dollars per share) $ 0.44 $ 0.20
Weighted average common shares outstanding:    
Basic (in shares) 60.7 60.0
Diluted (in shares) 61.9 61.2