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Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2018
Quarterly Financial Data [Abstract]  
Quarterly Financial Data (Unaudited) Quarterly Financial Data (Unaudited)
The following tables present the unaudited financial data for each of the interim periods in 2018 and 2017 (in millions of dollars, except per share amounts):
 
 
Quarter
Ended
31-Mar
 
Quarter
Ended
30-Jun
 
Quarter
Ended
30-Sep
 
Quarter
Ended
31-Dec
2018
 
 
 
 
 
 
 
 
Net sales
 
$
388.0

 
$
415.4

 
$
393.1

 
$
389.4

Cost of products sold, excluding depreciation, amortization and other items
 
$
316.7

 
$
343.4

 
$
323.3

 
$
317.3

Gross profit
 
$
71.3

 
$
72.0

 
$
69.8

 
$
72.1

Operating income
 
$
37.1

 
$
34.7

 
$
34.9

 
$
36.9

Net income
 
$
25.7

 
$
20.7

 
$
21.7

 
$
23.6

Net income per common share, Basic
 
$
1.54

 
$
1.24

 
$
1.31

 
$
1.44

Net income per common share, Diluted
 
$
1.51

 
$
1.22

 
$
1.29

 
$
1.41

Dividends declared per common share
 
$
0.55

 
$
0.55

 
$
0.55

 
$
0.55


 
 
Quarter
Ended
31-Mar
 
Quarter
Ended
30-Jun
 
Quarter
Ended
30-Sep
 
Quarter
Ended
31-Dec
2017
 
 
 
 
 
 
 
 
Net sales
 
$
355.3

 
$
356.3

 
$
332.8

 
$
353.1

Cost of products sold, excluding depreciation, amortization and other items
 
$
262.7

 
$
289.6

 
$
256.4

 
$
277.2

Gross profit
 
$
92.6

 
$
66.7

 
$
76.4

 
$
75.9

Operating income
 
$
59.3

 
$
12.5

 
$
41.5

 
$
41.9

Net income (loss)1
 
$
36.0

 
$
4.7

 
$
19.9

 
$
(15.2
)
Net income (loss) per common share, Basic
 
$
2.07

 
$
0.28

 
$
1.18

 
$
(0.90
)
Net income (loss) per common share, Diluted
 
$
2.04

 
$
0.27

 
$
1.16

 
$
(0.90
)
Dividends declared per common share
 
$
0.50

 
$
0.50

 
$
0.50

 
$
0.50


________________
1 
The quarter ended June 30, 2017 reflected an $18.4 million goodwill impairment charge (see Note 3). The quarter ended December 31, 2017 included the tax provision effect of $37.2 million due to the Tax Act (see Note 13).