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Consolidated Statements of Operations (unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Net sales $ 287.2 $ 284.0 $ 512.5 $ 521.7
Cost of goods sold 172.2 165.8 312.2 310.3
Gross profit 115.0 118.2 200.3 211.4
Selling, general and administrative expenses 72.8 68.7 145.6 132.1
Research and development expenses 5.2 4.8 10.0 8.9
Interest expense and related financing costs 17.5 17.7 34.5 30.2
Repositioning expenses     17.0  
Restructuring expenses and asset impairments 9.8 0.1 10.9 1.0
Loss in Venezuela 1.6 0.0 1.6 0.0
Other income, net (3.6) (2.3) (2.6) (2.4)
Total costs and expenses 107.0 93.7 205.7 178.8
Income (loss) from continuing operations before income taxes 8.0 24.5 (5.4) 32.6
Provision for income taxes (6.6) (5.6) (18.2) (7.3)
Income (loss) from continuing operations 1.4 18.9 (23.6) 25.3
(Loss) income from discontinued operations, net of income taxes (6.0) 11.7 2.1 23.5
Net (loss) income (4.6) 30.6 (21.5) 48.8
Less: Net income attributable to noncontrolling interests (0.1) (0.3) (0.1) (0.7)
Net (loss) income attributable to GCP shareholders (4.7) 30.3 (21.6) 48.1
Amounts Attributable to GCP Shareholders:        
Income (loss) from continuing operations attributable to GCP shareholders 1.3 18.6 (23.7) 24.6
(Loss) income from discontinued operations, net of income taxes $ (6.0) $ 11.7 $ 2.1 $ 23.5
Basic earnings per share:        
Income (loss) from continuing operations attributable to GCP shareholders (in usd per share) $ 0.02 $ 0.26 $ (0.33) $ 0.35
(Loss) income from discontinued operations, net of income taxes (in usd per share) (0.08) 0.17 0.03 0.33
Net (loss) income attributable to GCP shareholders (in usd per share) $ (0.07) $ 0.43 $ (0.30) $ 0.68
Weighted average number of basic shares 71.5 70.8 71.0 70.7
Diluted earnings per share:        
Income (loss) from continuing operations attributable to GCP shareholders (in usd per share) [1] $ 0.02 $ 0.26 $ (0.33) $ 0.35
(Loss) income from discontinued operations, net of income taxes (in usd per share) [1] (0.08) 0.16 0.03 0.33
Net (loss) income attributable to GCP shareholders (in usd per share) [1] $ (0.07) $ 0.42 $ (0.30) $ 0.68
Weighted average number of diluted shares [1] 72.7 71.4 71.0 71.2
Repositioning        
Repositioning expenses $ 3.7 $ 4.7 $ 5.7 $ 9.0
[1] Dilutive effect only applicable to periods where there is net income from continuing operations.