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Quarterly Financial and Market Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial and Market Data

Quarterly financial and market data for the years ended December 31, 2019 and 2018 were:  

 

 

 

First

 

 

Second

 

 

Third

 

 

Fourth

 

(In millions, except per share data)

 

Quarter

 

 

Quarter

 

 

Quarter

 

 

Quarter

 

2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

609.9

 

 

$

609.0

 

 

$

572.5

 

 

$

564.3

 

Gross margin

 

167.2

 

 

168.8

 

 

 

157.9

 

 

 

146.5

 

Operating income

 

102.8

 

 

115.1

 

 

109.9

 

 

 

97.4

 

Net income

 

72.2

 

 

80.9

 

 

80.3

 

 

 

73.2

 

Net income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.85

 

 

$

0.95

 

 

$

0.94

 

 

$

0.87

 

Diluted

 

$

0.84

 

 

$

0.94

 

 

$

0.93

 

 

$

0.86

 

Market price:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

High

 

$

72.65

 

 

$

80.88

 

 

$

85.33

 

 

$

80.29

 

Low

 

$

56.18

 

 

$

68.00

 

 

$

77.01

 

 

$

73.31

 

2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

540.1

 

 

$

547.5

 

 

$

540.5

 

 

$

561.0

 

Gross margin

 

 

142.6

 

 

144.8

 

 

 

143.0

 

 

150.4

 

Operating income

 

82.4

 

 

96.5

 

 

96.5

 

 

 

95.8

 

Net income

 

 

61.6

 

 

68.8

 

 

80.1

 

 

66.1

 

Net income per common share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.68

 

 

$

0.77

 

 

$

0.92

 

 

$

0.78

 

Diluted

 

$

0.68

 

 

$

0.76

 

 

$

0.91

 

 

$

0.76

 

Market price:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

High

 

$

69.08

 

 

$

73.26

 

 

$

69.92

 

 

$

67.44

 

Low

 

$

61.67

 

 

$

63.37

 

 

$

65.30

 

 

$

53.76