XML 71 R51.htm IDEA: XBRL DOCUMENT v3.7.0.1
Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Jun. 30, 2017
Quarterly Financial Data [Abstract]  
Quarterly financial data by results of operations
($ and shares in millions, except per share amounts)
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
Results of Operations
 
 

 
 

 
 

 
 

Fiscal Year 2017
 
 

 
 

 
 

 
 

Net sales
 
$
389.0

 
$
427.4

 
$
473.6

 
$
507.7

 
 
 
 
 
 
 
 
 
Gross profit
 
$
46.0

 
$
62.5

 
$
83.1

 
$
92.7

 
 
 
 
 
 
 
 
 
Operating income
 
$
1.4

 
$
15.4

 
$
35.8

 
$
44.6

 
 
 
 
 
 
 
 
 
Net income (loss)
 
$
(6.2
)
 
$
7.0

 
$
20.7

 
$
25.5

 
 
 
 
 
 
 
 
 
Fiscal Year 2016
 
 

 
 

 
 

 
 

Net sales
 
$
455.6

 
$
443.8

 
$
456.3

 
$
457.7

 
 
 
 
 
 
 
 
 
Gross profit
 
$
68.6

 
$
66.3

 
$
47.5

 
$
73.5

 
 
 
 
 
 
 
 
 
Operating income (loss)
 
$
24.8

 
$
21.8

 
$
(24.3
)
 
$
29.2

 
 
 
 
 
 
 
 
 
Net income (loss)
 
$
8.9

 
$
11.5

 
$
(23.9
)
 
$
14.9

During the quarter ended June 30, 2017, the Company recorded a loss on divestiture of business. See Note 2, Acquisition and Divestiture to Notes to Consolidated Financial Statements included in Item 8, “Financial Statements and Supplementary Data”. During the quarters ended March 31, 2016, and September 30, 2015, the Company recorded restructuring and asset impairment charges. See Note 3, Restructuring Charges and Asset Impairment Charges to Notes to Consolidated Financial Statements included in Item 8, “Financial Statements and Supplementary Data”.
 
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
Earnings (Loss) per common share
 
 
 
 
 
 
 
 
Fiscal Year 2017
 
 
 
 
 
 
 
 
Basic earnings
 
$
(0.13
)
 
$
0.15

 
$
0.44

 
$
0.54

 
 
 
 
 
 
 
 
 
Diluted earnings
 
$
(0.13
)
 
$
0.15

 
$
0.44

 
$
0.54

Fiscal Year 2016
 
 
 
 
 
 
 
 
Basic earnings
 
$
0.18

 
$
0.23

 
$
(0.51
)
 
$
0.32

 
 
 
 
 
 
 
 
 
Diluted earnings
 
$
0.18

 
$
0.23

 
$
(0.51
)
 
$
0.32

 
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
Weighted average common shares outstanding
 
 
 
 
 
 
 
 
Fiscal Year 2017
 
 

 
 

 
 

 
 

Basic
 
46.9

 
47.0

 
47.0

 
47.1

Diluted
 
46.9

 
47.1

 
47.1

 
47.1

Fiscal Year 2016
 
 

 
 

 
 

 
 

Basic
 
49.7

 
48.8

 
47.1

 
46.9

Diluted
 
49.9

 
48.9

 
47.1

 
47.0