XML 77 R57.htm IDEA: XBRL DOCUMENT v3.3.1.900
Supplementary Data (Tables)
12 Months Ended
Dec. 31, 2015
Successor [Member]  
Condensed Financial Statements, Captions [Line Items]  
Schedule of Quarterly Financial Information
 
 
Successor
 
 
2015
 (amounts in millions, except per share amounts)
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
(as restated)
 
Fourth
Quarter
Selected Quarterly Financial Data (Unaudited)
 
 
 
 
 
 
 
 
Net sales
 
$
534.8

 
$
675.1

 
$
597.3

 
$
735.1

Gross profit
 
207.1

 
268.6

 
242.7

 
273.5

Net loss attributable to stockholders (a)
 
(26.7
)
 
(12.2
)
 
(140.1
)
 
(129.6
)
Net loss attributable to common stockholders (a)
 
(26.7
)
 
(12.2
)
 
(140.1
)
 
(129.6
)
Basic loss per share (a) (b)
 
$
(0.14
)
 
$
(0.06
)
 
$
(0.66
)
 
$
(0.60
)
Diluted loss per share (a) (b)
 
$
(0.14
)
 
$
(0.06
)
 
$
(0.66
)
 
$
(0.60
)
 
 
Successor
 
 
2014
 (amounts in millions, except per share amounts)
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
Selected Quarterly Financial Data (Unaudited)
 
 
 
 
 
 
 
 
Net sales
 
$
183.7

 
$
189.1

 
$
196.8

 
$
273.6

Gross profit
 
84.2

 
96.7

 
103.2

 
112.5

Net (loss) income attributable to stockholders
 
(7.4
)
 
(0.4
)
 
11.9

 
(34.0
)
Net (loss) income attributable to common stockholders
 
(7.4
)
 
(0.4
)
 
11.9

 
(266.7
)
Basic (loss) earnings per share (b)
 
$
(0.07
)
 
$

 
$
0.09

 
$
(1.59
)
Diluted (loss) earnings per share (b)
 
$
(0.07
)
 
$

 
$
0.08

 
$
(1.59
)
 
 
Successor
 
 
2013
 (amounts in millions, except per share amounts)
 
Period
from Inception
(April 23, 2013)
to June 30,
2013
 
Third
Quarter
 
Fourth
Quarter (c)
Selected Quarterly Financial Data (Unaudited)
 
 
 
 
 
 
Net sales
 
$

 
$

 
$
118.2

Gross profit
 

 

 
35.7

Net loss attributable to stockholders
 
(0.1
)
 
(4.7
)
 
(189.4
)
Net loss attributable to common stockholders
 
(0.1
)
 
(4.7
)
 
(189.4
)
Basic loss per share (b)
 
$

 
$
(0.05
)
 
$
(2.05
)
Diluted loss per share (b)
 
$

 
$
(0.05
)
 
$
(2.05
)
 
Predecessor
 
2013
 (amounts in millions, except per share amounts)
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter (d)
Selected Quarterly Financial Data (Unaudited)
 
 
 
 
 
 
 
Net sales
$
182.1

 
$
190.0

 
$
188.4

 
$
67.2

Gross profit
93.3

 
96.5

 
99.0

 
34.0

Net income (loss) attributable to MacDermid, Inc.
15.2

 
(5.9
)
 
14.5

 
(10.6
)
Basic earnings (loss) per share (b)
n/a

 
n/a

 
n/a

 
n/a

Diluted earnings (loss) per share (b)
n/a

 
n/a

 
n/a

 
n/a

(a) 
In connection with the preparation of the Company's Consolidated Financial Statements for the year ended December 31, 2015, the Company identified an error related to its income tax provision for the quarter ended September 30, 2015. For more information, see Note 26, Restatement of Unaudited Condensed Consolidated Financial Statements (unaudited), to the Consolidated Financial Statements.
(b) 
Earnings per share calculations for each quarter are based on the weighted average number of shares outstanding for each period. As MacDermid was not a Registrant prior to the Successor 2013 Period, no earnings per share data is presented.
(c) 
Platform's fourth quarter includes the results of MacDermid from November 1, 2013 through December 31, 2013.
(d) 
MacDermid's fourth quarter includes results from October 1, 2013 through October 31, 2013.
Predecessor [Member]  
Condensed Financial Statements, Captions [Line Items]  
Schedule of Quarterly Financial Information
 
Predecessor
 
2013
 (amounts in millions, except per share amounts)
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter (d)
Selected Quarterly Financial Data (Unaudited)
 
 
 
 
 
 
 
Net sales
$
182.1

 
$
190.0

 
$
188.4

 
$
67.2

Gross profit
93.3

 
96.5

 
99.0

 
34.0

Net income (loss) attributable to MacDermid, Inc.
15.2

 
(5.9
)
 
14.5

 
(10.6
)
Basic earnings (loss) per share (b)
n/a

 
n/a

 
n/a

 
n/a

Diluted earnings (loss) per share (b)
n/a

 
n/a

 
n/a

 
n/a

(a) 
In connection with the preparation of the Company's Consolidated Financial Statements for the year ended December 31, 2015, the Company identified an error related to its income tax provision for the quarter ended September 30, 2015. For more information, see Note 26, Restatement of Unaudited Condensed Consolidated Financial Statements (unaudited), to the Consolidated Financial Statements.
(b) 
Earnings per share calculations for each quarter are based on the weighted average number of shares outstanding for each period. As MacDermid was not a Registrant prior to the Successor 2013 Period, no earnings per share data is presented.
(c) 
Platform's fourth quarter includes the results of MacDermid from November 1, 2013 through December 31, 2013.
(d) 
MacDermid's fourth quarter includes results from October 1, 2013 through October 31, 2013.