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The following table sets forth statement of operations data for the periods indicated. The information for each of these periods is unaudited and has been prepared on the same basis as our audited consolidated financial statements included herein and includes all adjustments, consisting only of normal recurring adjustments that we consider necessary for a fair presentation of our unaudited operations data for the periods presented. Historical results are not necessarily indicative of the results to be expected in the future:
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First |
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Second |
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Third |
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Fourth |
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Fiscal |
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(In million, except per share data) |
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Quarter |
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|
Quarter |
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|
Quarter |
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|
Quarter |
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Year (1) |
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2019 |
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Revenues |
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$ |
|
260.1 |
|
|
$ |
|
265.4 |
|
|
$ |
|
254.3 |
|
|
$ |
|
286.4 |
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|
$ |
|
1,066.2 |
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Gross profit |
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$ |
|
44.8 |
|
|
$ |
|
48.2 |
|
|
$ |
|
47.5 |
|
|
$ |
|
56.3 |
|
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$ |
|
196.8 |
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Net income (loss) |
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$ |
|
0.6 |
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|
$ |
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(0.2 |
) |
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$ |
|
0.5 |
|
|
$ |
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(10.3 |
) |
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$ |
|
(9.4 |
) |
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Earnings (loss) per share — basic |
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$ |
|
0.02 |
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|
$ |
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(0.01 |
) |
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$ |
|
0.01 |
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|
$ |
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(0.17 |
) |
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$ |
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(0.24 |
) |
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Earnings (loss) per share — diluted |
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$ |
|
0.02 |
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|
$ |
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(0.01 |
) |
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$ |
|
0.01 |
|
|
$ |
|
(0.17 |
) |
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$ |
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(0.24 |
) |
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2018 |
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|
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Revenues |
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$ |
|
314.8 |
|
|
$ |
|
290.2 |
|
|
$ |
|
234.1 |
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|
$ |
|
257.4 |
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|
$ |
|
1,096.5 |
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Gross profit |
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$ |
|
48.8 |
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|
$ |
|
46.1 |
|
|
$ |
|
35.0 |
|
|
$ |
|
45.9 |
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|
$ |
|
175.8 |
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Net income (loss) |
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$ |
|
24.7 |
|
|
$ |
|
19.0 |
|
|
$ |
|
(6.00 |
) |
|
$ |
|
(1.10 |
) |
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$ |
|
36.6 |
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Earnings (loss) per share — basic |
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$ |
|
0.67 |
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|
$ |
|
0.49 |
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|
$ |
|
(0.15 |
) |
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$ |
|
(0.03 |
) |
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$ |
|
0.95 |
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Earnings (loss) per share — diluted |
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$ |
|
0.66 |
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|
$ |
|
0.48 |
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|
$ |
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(0.15 |
) |
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$ |
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(0.03 |
) |
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$ |
|
0.94 |
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(1) |
Earnings per share is calculated independently each quarter and for the full year based upon their respective weighted average shares outstanding. Therefore, the sum of the quarterly earnings per share may not equal the annual earnings per share reported. |
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