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Quarterly Financial Information (Unaudited)
 12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
QUARTERLY FINANCIAL INFORMATION (UNAUDITED)

The following table presents selected unaudited quarterly financial information for the years ended December 31:
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015
 
2016
 
2015
Net sales
$
509.6

 
$
574.8

 
$
580.0

 
$
644.5

 
$
983.3

 
$
589.6

 
$
1,243.4

 
$
610.4

Gross profit
138.8

 
159.3

 
155.1

 
170.8

 
197.6

 
150.3

 
230.2

 
171.6

Income (loss) from continuing operations, net of tax
20.7

 
(10.2
)
 
(20.8
)
 
19.7

 
(97.2
)
 
18.3

 
(73.4
)
 
31.7

Income from discontinued operations, net of tax
147.8

 
4.5

 
0.5

 
4.3

 
(4.6
)
 
4.5

 
—

 
2.6

Net income (loss)
168.5

 
(5.7
)
 
(20.3
)
 
24.0

 
(101.8
)
 
22.8

 
(73.4
)
 
34.3

Net income (loss) attributable to noncontrolling interests
0.3

 
(2.9
)
 
0.8

 
1.8

 
0.5

 
1.1

 
4.4

 
1.7

Net income (loss) attributable to Diebold Nixdorf, Incorporated
$
168.2

 
$
(2.8
)
 
$
(21.1
)
 
$
22.2

 
$
(102.3
)
 
$
21.7

 
$
(77.8
)
 
$
32.6

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic earnings (loss) per share
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) from continuing operations, net of tax
$
0.31

 
$
(0.11
)
 
$
(0.33
)
 
$
0.27

 
$
(1.38
)
 
$
0.26

 
$
(1.04
)
 
$
0.46

Income from discontinued operations, net of tax
2.27

 
0.07

 
0.01

 
0.07

 
(0.06
)
 
0.07

 
—

 
0.04

Net income (loss) attributable to Diebold Nixdorf, Incorporated (basic)
$
2.58

 
$
(0.04
)
 
$
(0.32
)
 
$
0.34

 
$
(1.44
)
 
$
0.33

 
$
(1.04
)
 
$
0.50

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Diluted earnings (loss) per share
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) from continuing operations, net of tax
$
0.31

 
$
(0.11
)
 
$
(0.33
)
 
$
0.27


$
(1.38
)
 
$
0.26

 
$
(1.04
)
 
$
0.46

Income from discontinued operations, net of tax
2.25

 
0.07

 
0.01

 
0.07

 
(0.06
)
 
0.07

 
—

 
0.04

Net income (loss) attributable to Diebold Nixdorf, Incorporated (diluted)
$
2.56

 
$
(0.04
)
 
$
(0.32
)
 
$
0.34

 
$
(1.44
)
 
$
0.33

 
$
(1.04
)
 
$
0.50

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic weighted-average shares outstanding
65.1

 
64.7

 
65.2

 
64.9

 
70.9

 
65.0

 
75.1

 
65.0

Diluted weighted-average shares outstanding
65.7

 
64.7

 
65.2

 
65.6

 
70.9

 
65.6

 
75.1

 
65.7



On August 15, 2016, the Company acquired Diebold Nixdorf AG which was the primary driver of the results in the second half of the year. On February 1, 2016, the Company divested of its NA electronic security business resulting in a pre-tax gain of $239.5 during the first quarter. Income (loss) from continuing operations, net of tax during the second half of 2016 was impacted by increased interest expense and deal-related costs in connection with the Acquisition, of $97.2. Net loss in the first quarter of 2015 was negatively impacted by the Company's sale of its equity interest in its Venezuela joint venture to its joint venture partner (refer to note 23), which resulted in an impairment charge of $10.3. In the first quarter of 2015, the Company also recorded a foreign exchange loss of $7.5 related to the devaluation of the Venezuelan currency. In the fourth quarter of 2015, the repatriation of foreign earnings, the associated recognition of foreign tax credits and related benefits due to the passage of the PATH Act, were recorded which resulted in a tax benefit (refer to note 7).