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Quarterly Financial and Market Data (Unaudited)
12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial and Market Data (Unaudited)

Note 20 - Quarterly Financial and Market Data (Unaudited)

Quarterly financial and market data for the years ended December 31, 2016 and 2015 were:  

 

 

First

 

 

Second

 

 

Third

 

 

Fourth

 

(In millions, except per share data)

 

Quarter

 

 

Quarter

 

 

Quarter

 

 

Quarter

 

2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

497.7

 

 

$

522.6

 

 

$

500.5

 

 

$

483.5

 

Gross margin

 

 

143.0

 

 

 

150.3

 

 

 

135.7

 

 

 

135.6

 

Operating income

 

 

83.9

 

 

 

100.1

 

 

 

89.1

 

 

 

87.0

 

Net income

 

 

56.0

 

 

 

66.1

 

 

 

68.2

 

 

 

59.5

 

 

Net income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.60

 

 

$

0.71

 

 

$

0.74

 

 

$

0.65

 

Diluted

 

$

0.59

 

 

$

0.70

 

 

$

0.72

 

 

$

0.64

 

 

Market price:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

High

 

$

45.40

 

 

$

46.26

 

 

$

45.68

 

 

$

54.97

 

Low

 

$

38.38

 

 

$

39.15

 

 

$

40.82

 

 

$

42.04

 

 

2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

471.8

 

 

$

475.7

 

 

$

448.8

 

 

$

464.9

 

Gross margin

 

 

141.8

 

 

 

139.1

 

 

 

124.1

 

 

 

127.8

 

Operating income

 

 

82.6

 

 

 

90.6

 

 

 

78.0

 

 

 

81.2

 

Net income

 

 

68.1

 

 

 

61.7

 

 

 

53.5

 

 

 

53.9

 

 

Net income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.71

 

 

$

0.64

 

 

$

0.56

 

 

$

0.57

 

Diluted

 

$

0.70

 

 

$

0.63

 

 

$

0.55

 

 

$

0.56

 

 

Market price:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

High

 

$

51.11

 

 

$

51.58

 

 

$

54.36

 

 

$

48.20

 

Low

 

$

40.05

 

 

$

48.19

 

 

$

43.89

 

 

$

42.38