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Quarterly Financial Data - Unaudited
12 Months Ended
Dec. 31, 2011
Quarterly Financial Data - Unaudited [Abstract]  
Quarterly Financial Data - Unaudited

NOTE 18. Quarterly Financial Data – Unaudited

 

                                         
     Quarter        
(in millions, except per share data)   First     Second     Third     Fourth     Total  

2011

                                       

Net sales

  $ 242.9     $ 248.8     $ 198.3     $ 174.4     $ 864.4  

Gross profit*

    19.4       14.5       5.0       (1.0     37.9  

Net loss (a)

    (8.4     (8.9     (21.8     (34.1     (73.2
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Basic and diluted earnings (loss) per share

  ($ 0.45   ($ 0.48   ($ 1.18   ($ 1.85   ($ 3.96
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

2010

                                       

Net sales

  $ 238.7     $ 249.3     $ 221.6     $ 224.2     $ 933.8  

Gross profit*

    24.6       28.9       21.3       9.5       84.3  

Net loss (b)

    (41.9     (5.1     (3.2     (6.6     (56.8
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Basic and diluted earnings (loss) per share

  ($ 2.26   ($ 0.27   ($ 0.17   ($ 0.37   ($ 3.07
   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

* Certain reclassifications have been made to prior results to conform to classifications used at December 31, 2011. These classifications have no impact on net income.

 

(a)

Includes the effects of $8.0 million in expenses related to severance associated with reductions in force, $0.1 million for additional estimated environmental reserve associated with the remediation activities at our former Tecumseh, Michigan facility and an impairment of assets for $0.4 million.

(b)

Includes the effects of $40.3 million in expenses related to the reversion of our hourly pension plan, $7.3 million in expenses related to settlement of a portion of our antitrust litigation, $1.2 million for additional estimated environmental costs, $2.5 million related to severance associated with reductions in force, and a $0.4 million impairment of an investment, partially offset by a $1.0 million gain from our previous salaried pension plan that was terminated in 2008 and a $0.4 million curtailment gain.