Equity Investment

3 Months Ended

Mar. 31, 2017

Equity Method Investments And Joint Ventures [Abstract]

Equity Investment

NOTE 7. EQUITY INVESTMENT

Investment in joint venture as of March 31, 2017 reflected our 50% equity interest in WAVE.  Condensed income statement data for WAVE is summarized below. Segment results relating to WAVE, however, consist primarily of equity earnings, as we do not consolidate the sales, profit or earnings of WAVE in our results. 

	Three Months Ended
	March 31,
	2017		2016
Net sales	$	101.8	$	93.9
Gross profit		52.2		50.3
Net earnings		39.6		39.2