Quarterly Financial Data (unaudited)

12 Months Ended

Dec. 31, 2018

QUARTERLY FINANCIAL DATA (unaudited)

The following table presents unaudited quarterly consolidated operating results for each of our last eight quarters. The information below has been prepared on a basis consistent with our audited consolidated financial statements (in millions, except per share amounts):



	First Quarter		Second Quarter ⁽²⁾			Third Quarter ⁽³⁾			Fourth Quarter
Year Ended December 31, 2018
Net sales	$	1,217.0	$	1,186.4		$	1,133.1		$	1,195.2
Gross profit	$	492.7	$	471.0		$	424.8		$	443.0
Change in financial assets	$	9.6	$	(0.6	)	$	(74.9	)	$	(122.8	)
Net income (loss)	$	80.8	$	36.2		$	(67.5	)	$	81.5
Earnings (loss) per share⁽¹⁾:
Basic	$	0.57	$	0.26		$	(0.49	)	$	0.60
Diluted	$	0.57	$	0.26		$	(0.49	)	$	0.60
Weighted average shares outstanding
Basic	140.8		138.1			137.4			135.9
Diluted	141.4		138.7			137.4			136.3

(1) The sum of individual per share amounts may not equal due to rounding.


(2)	Includes of $53.2 million.


(3)	Includes of $221.8 million and of $18.0 million.



	First Quarter ⁽²⁾			Second Quarter ⁽³⁾			Third Quarter ⁽⁴⁾		Fourth Quarter
Year Ended December 31, 2017
Net sales	$	1,194.0		$	1,237.9		$	1,231.3	$	1,283.0
Gross profit	$	464.4		$	504.6		$	497.8	$	512.7
Change in financial assets	$	(17.1	)	$	38.7		$	2.6	$	0.7
Net loss	$	71.6		$	(69.6	)	$	44.5	$	73.1
Loss per share⁽¹⁾:
Basic	$	0.50		$	(0.49	)	$	0.31	$	0.52
Diluted	$	0.50		$	(0.49	)	$	0.31	$	0.52
Weighted average shares outstanding
Basic	143.4			143.3			141.3		140.8
Diluted	143.6			143.3			141.7		141.2

(1) The sum of individual per share amounts may not equal due to rounding.


(2)	Includes of $12.2 million, of $21.8 million, and restructuring expense of $38.7 million.


(3)	Includes of $18.5 million, and of $135.2 million.


(4)	Includes of $3.3 million, and of $4.0 million.