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Quarterly Data (Unaudited)
 12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Data (Unaudited)
Quarterly Data (Unaudited)
Selected quarterly data for the years ended December 31, 2018 and 2017 are as follows: 
 
Year Ended December 31, 2018
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
Total
Sales 
$
244.1

 
$
277.9

 
$
272.2

 
$
290.1

 
$
1,084.3

Gross profit
66.9

 
72.8

 
82.3

 
73.9

 
295.9

Operating income (1) (2) (3)
15.0

 
19.3

 
31.5

 
26.3

 
92.1

 
 
 
 
 
 
 
 
 
 
Income from continuing operations
$
4.2

 
$
9.9

 
$
21.5

 
$
18.0

 
$
53.6

Income from discontinued operations (3) (4)
1.6

 
2.4

 
0.7

 
29.7

 
34.4

Net income attributable to Chart Industries, Inc. (5)
$
5.8

 
$
12.3

 
$
22.2

 
$
47.7

 
$
88.0

Basic earnings per common share attributable to Chart Industries, Inc. (6) (7)
 
 
 
 
 
 
 
 
 
Income from continuing operations
$
0.14

 
$
0.32

 
$
0.69

 
$
0.58

 
$
1.73

Income from discontinued operations
0.05

 
0.08

 
0.03

 
0.94

 
1.10

Net income attributable to Chart Industries, Inc.
$
0.19

 
$
0.40

 
$
0.72

 
$
1.52

 
$
2.83

Diluted earnings per common share attributable to Chart Industries, Inc. (6) (7)
 
 
 
 
 
 
 
 
 
Income from continuing operations
$
0.13

 
0.31

 
$
0.65

 
$
0.56

 
$
1.67

Income from discontinued operations
0.05

 
0.07

 
0.02

 
0.91

 
1.06

Net income attributable to Chart Industries, Inc.
$
0.18

 
$
0.38

 
$
0.67

 
$
1.47

 
$
2.73

 _______________
(1) 
Includes an expense of $3.8 recorded to the cost of sales related to the estimated costs of the aluminum cryobiological tank recall for the second quarter of 2018 and an additional expense of $0.2 recorded to the cost of sales for the fourth quarter of 2018.
(2) 
During the year ended December 31, 2018, we recorded net severance costs of $2.3 primarily related to headcount reductions associated with the strategic realignment of our segment structure, which includes $1.8 in payroll severance costs partially offset by a $0.9 credit due to related share-based compensation forfeitures for the third quarter of 2018. Includes net severance costs of $1.4 related to the departure of our former CEO, which includes $3.2 in payroll severance costs partially offset by a $1.8 credit due to related share-based compensation forfeitures for the second quarter of 2018.
(3) 
Includes transaction-related costs of $2.1 for the year ended December 31, 2018, which were mainly related to the VRV acquisition. Includes integration costs of $0.8 related to the VRV acquisition for the fourth quarter of 2018.
(4) 
Includes gain on sale of the CAIRE business of $34.3 for the fourth quarter of 2018.
(5) 
We have completed our analysis to determine the effect of the Tax Cuts and Jobs Act, and as such, we have recorded an additional tax benefit of $1.8.
(6) 
Basic and diluted earnings per share are computed independently for each of the quarters presented. As such, the sum of quarterly basic and diluted earnings per share may not equal reported annual basic and diluted earnings per share.
(7) 
Zero incremental shares from share-based awards are included in the computation of diluted net loss per share for periods in which a net loss occurs, because to do so would be anti-dilutive.

 
Year Ended December 31, 2017
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
Total
Sales (1)
$
171.0

 
$
199.8

 
$
202.7

 
$
269.4

 
$
842.9

Gross profit
48.2

 
52.4

 
57.9

 
73.1

 
231.6

Operating income (1) (2)
1.9

 
8.5

 
7.2

 
20.9

 
38.5

 
 
 
 
 
 
 
 
 
 
(Loss) income from continuing operations
$
(1.9
)
 
$
1.2

 
$
(0.6
)
 
$
27.5

 
$
26.2

(Loss) income from discontinued operations
(1.0
)
 
1.5

 
2.1

 
(0.8
)
 
1.8

Net (loss) income attributable to Chart Industries, Inc. (3) (4)
$
(2.9
)
 
$
2.7

 
$
1.5

 
$
26.7

 
$
28.0

Basic (loss) earnings per common share attributable to Chart Industries, Inc. (5) (6)
 
 
 
 
 
 
 
 
 
(Loss) income from continuing operations
$
(0.06
)
 
$
0.04

 
$
(0.02
)
 
$
0.89

 
$
0.85

(Loss) income from discontinued operations
(0.03
)
 
0.05

 
0.07

 
(0.02
)
 
0.06

Net (loss) income attributable to Chart Industries, Inc.
$
(0.09
)
 
$
0.09

 
$
0.05

 
$
0.87

 
$
0.91

Diluted (loss) earnings per common share attributable to Chart Industries, Inc. (5) (6)
 
 
 
 
 
 
 
 
 
(Loss) income from continuing operations
$
(0.06
)
 
$
0.04

 
$
(0.02
)
 
$
0.87

 
$
0.84

(Loss) income from discontinued operations
(0.03
)
 
0.05

 
0.07

 
(0.02
)
 
0.05

Net (Loss) income attributable to Chart Industries, Inc.
$
(0.09
)
 
$
0.09

 
$
0.05

 
$
0.85

 
$
0.89

 _______________
(1) 
Hudson, included in these results since the acquisition date, September 20, 2017, added net sales and operating income of $58.0 and $6.4 for the year ended December 31, 2017, including $6.1 and $1.2 in the third quarter and $51.9 and $5.2 in the fourth quarter, respectively.
(2) 
The fourth quarter of 2017 includes $3.7 in additional expense as a result of a litigation award in China.
(3) 
During the fourth quarter of 2017, we recorded a $4.9 loss on extinguishment of debt associated with the repurchase of $192.9 principal amount of our $250.0 2.00% convertible notes due August 2018 and refinance of our senior secured revolving credit facility.
(4) 
The fourth quarter of 2017 includes a one-time $22.5 net favorable tax benefit that was recorded during the fourth quarter of 2017, which resulted from the enactment of the Tax Cuts and Jobs Act. This benefit mainly consisted of a one-time, provisional benefit of $26.9 related to the remeasurement of certain of our deferred tax liabilities using the lower U.S. federal corporate tax rate of 21%. This was partially offset by (i) a one-time, provisional charge of $8.7 related to the deemed repatriation transition tax, which is a tax on previously untaxed accumulated earnings and profits of certain of our foreign subsidiaries, and (ii) a one-time tax expense and tax benefit of $4.5 and $8.7, respectively, related to our intent to amend pre-acquisition Hudson U.S. federal tax returns. We have completed our analysis to determine the effect of the Tax Cuts and Jobs Act as discussed above.
(5) 
Basic and diluted (loss) earnings per share are computed independently for each of the quarters presented. As such, the sum of quarterly basic and diluted (loss) earnings per share may not equal reported annual basic and diluted (loss) earnings per share.
(6) 
Zero incremental shares from share-based awards are included in the computation of diluted net loss per share for periods in which a net loss occurs, because to do so would be anti-dilutive.