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Quarterly Financial Data (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Data
The following tables present select quarterly financial data for 2016 and 2015:
As adjusted for impact of change to FIFO
 
2016
 
2015
(in millions, except per share data)
 
First
 
Second
 
Third
 
Fourth
 
First
 
Second
 
Third
 
Fourth
Statements of operations:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net sales
 
$
427.4

 
$
457.7

 
$
349.8

 
$
378.2

 
$
406.7

 
$
477.7

 
$
438.2

 
$
543.1

Cost of sales
 
347.7

 
370.4

 
309.0

 
332.7

 
329.3

 
379.9

 
369.4

 
454.9

Gross profit
 
79.7

 
87.3

 
40.8

 
45.5

 
77.4

 
97.8

 
68.8

 
88.2

Operating income (loss)
 
0.8

 
3.9

 
(134.2
)
 
(23.8
)
 
(6.3
)
 
17.1

 
(9.3
)
 
(13.9
)
(Loss) income from continuing operations before taxes
 
(85.0
)
 
(4.3
)
 
(144.2
)
 
(34.6
)
 
(30.9
)
 
(5.1
)
 
(36.8
)
 
(38.2
)
Provision (benefit) for taxes on income
 
107.7

 
0.7

 
(5.3
)
 
(2.6
)
 
(8.7
)
 
(0.7
)
 
(6.4
)
 
(25.3
)
Loss from continuing operations
 
(192.7
)
 
(5.0
)
 
(138.9
)
 
(32.0
)
 
(22.2
)
 
(4.4
)
 
(30.4
)
 
(12.9
)
(Loss) income from discontinued operations, net of income taxes
 
(3.2
)
 
(0.8
)
 
(1.8
)
 
(1.4
)
 
15.0

 
29.6

 
34.4

 
56.4

Net (loss) income
 
(195.9
)
 
(5.8
)
 
(140.7
)
 
(33.4
)
 
(7.2
)
 
25.2

 
4.0

 
43.5

Basic (loss) income per share:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Loss from continuing operations
 
$
(1.41
)
 
$
(0.04
)
 
$
(1.00
)
 
$
(0.23
)
 
$
(0.16
)
 
$
(0.03
)
 
$
(0.22
)
 
$
(0.09
)
(Loss) income from discontinued operations
 
(0.02
)
 
(0.01
)
 
(0.01
)
 
(0.01
)
 
0.11

 
0.22

 
0.25

 
0.41

(Loss) income per share
 
$
(1.43
)
 
$
(0.04
)
 
$
(1.02
)
 
$
(0.24
)
 
$
(0.05
)
 
$
0.19

 
$
0.03

 
$
0.32

Diluted (loss) income per share:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Loss from continuing operations
 
$
(1.41
)
 
$
(0.04
)
 
$
(1.00
)
 
$
(0.23
)
 
$
(0.16
)
 
$
(0.03
)
 
$
(0.22
)
 
$
(0.09
)
(Loss) income from discontinued operations
 
(0.02
)
 
(0.01
)
 
(0.01
)
 
(0.01
)
 
0.11

 
0.22

 
0.25

 
0.41

(Loss) income per share
 
$
(1.43
)
 
$
(0.04
)
 
$
(1.02
)
 
$
(0.24
)
 
$
(0.05
)
 
$
0.19

 
$
0.03

 
$
0.32

Dividends per common share
 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
0.08

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash flows from operations:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net (loss) income
 
$
(195.9
)
 
$
(5.8
)
 
$
(140.7
)
 
$
(33.4
)
 
$
(7.2
)
 
$
25.2

 
$
4.0

 
$
43.5

Deferred income taxes
 
110.3

 
1.1

 
2.6

 
(12.6
)
 
33.9

 
0.7

 
0.7

 
(39.7
)
Change in inventories, net
 
(33.7
)
 
(6.2
)
 
7.5

 
85.1

 
(54.3
)
 
(46.2
)
 
(6.7
)
 
100.0

Historical
 
2016
 
2015
(in millions, except per share data)
 
First
 
Second
 
Third
 
Fourth
 
First
 
Second
 
Third
 
Fourth
Statements of operations:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net sales
 
$
427.4

 
$
457.7

 
$
349.8

 
$
378.2

 
$
406.7

 
$
477.7

 
$
438.2

 
$
543.1

Cost of sales
 
345.5

 
369.5

 
308.3

 
332.7

 
331.3

 
382.8

 
368.3

 
454.6

Gross profit
 
81.9

 
88.2

 
41.5

 
45.5

 
75.4

 
94.9

 
69.9

 
88.5

Operating income (loss)
 
3.0

 
4.8

 
(133.5
)
 
(23.8
)
 
(8.3
)
 
14.2

 
(8.2
)
 
(13.6
)
(Loss) income from continuing operations before taxes
 
(82.8
)
 
(3.4
)
 
(143.5
)
 
(34.6
)
 
(32.9
)
 
(8.0
)
 
(35.7
)
 
(37.9
)
Provision (benefit) for taxes on income
 
121.5

 
0.7

 
(5.3
)
 
(2.6
)
 
(9.5
)
 
(1.7
)
 
(6.1
)
 
(25.3
)
Loss from continuing operations
 
(204.3
)
 
(4.1
)
 
(138.2
)
 
(32.0
)
 
(23.4
)
 
(6.3
)
 
(29.6
)
 
(12.6
)
(Loss) income from discontinued operations, net of income taxes
 
(3.2
)
 
(0.8
)
 
(1.8
)
 
(1.4
)
 
15.0

 
29.6

 
34.4

 
56.4

Net (loss) income
 
(207.5
)
 
(4.9
)
 
(140.0
)
 
(33.4
)
 
(8.4
)
 
23.3

 
4.8

 
43.8

Basic (loss) income per share:
 
-195.9

 
-5.8

 
-140.7

 
-21.4

 
-7.2

 
25.2

 
4

 
43.6

Loss from continuing operations
 
$
(1.50
)
 
$
(0.03
)
 
$
(1.00
)
 
$
(0.23
)
 
$
(0.17
)
 
$
(0.05
)
 
$
(0.22
)
 
$
(0.09
)
(Loss) income from discontinued operations
 
(0.02
)
 
(0.01
)
 
(0.01
)
 
(0.01
)
 
0.11

 
0.22

 
0.25

 
0.41

(Loss) income per share
 
$
(1.52
)
 
$
(0.04
)
 
$
(1.01
)
 
$
(0.24
)
 
$
(0.06
)
 
$
0.17

 
$
0.04

 
$
0.32

Diluted (loss) income per share:
 
 

 
 

 
 

 
 
 
 

 
 

 
 

 
 

(Loss) income from continuing operations
 
$
(1.50
)
 
$
(0.03
)
 
$
(1.00
)
 
$
(0.23
)
 
$
(0.17
)
 
$
(0.05
)
 
$
(0.22
)
 
$
(0.09
)
(Loss) income from discontinued operations
 
(0.02
)
 
(0.01
)
 
(0.01
)
 
(0.01
)
 
0.11

 
0.22

 
0.25

 
0.41

(Loss) income per share
 
$
(1.52
)
 
$
(0.04
)
 
$
(1.01
)
 
$
(0.24
)
 
$
(0.06
)
 
$
0.17

 
$
0.04

 
$
0.32

Dividends per common share
 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
—

 
$
0.08

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash flows from operations:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net (loss) income
 
$
(207.5
)
 
$
(4.9
)
 
$
(140.0
)
 
$
(33.4
)
 
$
(8.4
)
 
$
23.3

 
$
4.8

 
$
43.8

Deferred income taxes
 
124.1

 
1.1

 
2.6

 
(12.6
)
 
33.1

 
(0.3
)
 
1.0

 
(39.7
)
Change in inventories, net
 
(35.9
)
 
(7.1
)
 
6.8

 
85.1

 
(52.3
)
 
(43.3
)
 
(7.8
)
 
99.7