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Unaudited Quarterly Financial Information
 12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Unaudited Quarterly Financial Information

19.Unaudited Quarterly Financial Information

The unaudited quarterly results of operations are prepared in conformity with generally accepted accounting principles and reflect all adjustments that are, in the opinion of management, necessary for a fair presentation of the results of operations for the periods presented.  Adjustments are of a normal, recurring nature, except as discussed in the accompanying notes.  Due to rounding differences, the sum of the quarterly amounts may not add precisely to the annual amounts.

 

 

 

 

First

 

 

Second

 

 

Third

 

 

Fourth

 

 

Full

 

 

 

Quarter

 

 

Quarter

 

 

Quarter

 

 

Quarter

 

 

Year

 

2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Sales

 

$

849.0

 

 

$

877.4

 

 

$

870.7

 

 

$

896.0

 

 

$

3,493.1

 

Gross Profit

 

 

379.0

 

 

 

408.0

 

 

 

395.6

 

 

 

408.0

 

 

 

1,590.6

 

Income from Operations

 

 

179.5

 

 

 

175.3

 

 

 

196.0

 

 

 

173.4

 

 

 

724.2

 

Net Income

 

 

113.0

 

 

 

111.6

 

 

 

124.0

 

 

 

110.4

 

 

 

459.0

 

Net Income per Share-Basic

 

$

0.44

 

 

$

0.43

 

 

$

0.48

 

 

$

0.43

 

 

$

1.78

 

Net Income per Share-Diluted

 

$

0.43

 

 

$

0.43

 

 

$

0.47

 

 

$

0.42

 

 

$

1.75

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Sales

 

$

812.3

 

 

$

847.1

 

 

$

861.8

 

 

$

873.6

 

 

$

3,394.8

 

Gross Profit

 

 

355.5

 

 

 

373.1

 

 

 

385.8

 

 

 

397.4

 

 

 

1,511.8

 

Income from Operations

 

 

172.1

 

 

 

142.3

 

 

 

190.6

 

 

 

169.2

 

 

 

674.2

 

Net Income (1)

 

 

107.2

 

 

 

73.7

 

 

 

120.4

 

 

 

109.1

 

 

 

410.4

 

Net Income per Share-Basic (1) (2)

 

$

0.41

 

 

$

0.28

 

 

$

0.46

 

 

$

0.42

 

 

$

1.57

 

Net Income per Share-Diluted (1) (2)

 

$

0.40

 

 

$

0.28

 

 

$

0.45

 

 

$

0.41

 

 

$

1.54

 

(1)

The second quarter of 2015 Net Income includes a $17.0 or $0.06 per share impairment charge to write-off the remaining investment in Natronx.    

(2)

The second quarter of 2015 Income from Operations includes an $8.9 pre-tax charge or $0.03 per share to terminate an international defined benefit pension plan.