| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Net sales | ||||||||||
1,038,100 | 975,300 | 893,600 | 837,300 | 805,100 | 1,294,300 | 2,527,400 | 2,428,700 | 2,723,100 | 2,627,800 | 2,780,000 |
Cost of goods sold | ||||||||||
643,000 | 641,800 | 578,200 | 530,300 | 499,100 | 911,200 | 1,934,400 | 1,834,800 | 2,075,200 | 2,041,700 | 2,159,000 |
Gross profit | ||||||||||
395,100 | 333,500 | 315,400 | 307,000 | 306,000 | 383,100 | 593,000 | 593,900 | 647,900 | 586,100 | 621,000 |
Selling, general and administrative expenses | ||||||||||
174,300 | 159,000 | 138,600 | 184,200 | 180,800 | 250,100 | 386,900 | 364,900 | 454,000 | 499,200 | 552,400 |
Intangible asset impairment | ||||||||||
- | - | - | - | - | - | - | - | - | 22,400 | 18,000 |
Separation costs | ||||||||||
- | - | - | - | 34,300 | - | 100 | - | -9,000 | 22,000 | - |
Equity earnings from joint venture | ||||||||||
96,600 | 74,900 | 67,000 | 73,100 | 66,100 | 65,100 | 59,400 | 55,900 | 54,900 | 45,000 | 40,000 |
Operating income | ||||||||||
317,400 | 249,400 | 243,800 | 195,900 | 157,000 | 198,100 | 265,600 | 284,900 | 239,800 | 87,500 | 90,600 |
Interest expense | ||||||||||
38,400 | 39,200 | 35,400 | 49,500 | 44,600 | 46,000 | 68,700 | 53,600 | 48,500 | 21,200 | 17,700 |
Other non-operating expense (income), net | ||||||||||
20,400 | 32,500 | 13,700 | 4,200 | -17,800 | 2,200 | 3,800 | 3,500 | 3,800 | 8,000 | 3,200 |
Other non-operating expense | ||||||||||
- | - | - | - | - | 5,900 | 2,000 | 200 | 1,300 | 1,200 | 900 |
(Loss) earnings from continuing operations before income taxes | ||||||||||
299,400 | 242,700 | 222,100 | 150,600 | 94,600 | 148,400 | 198,700 | 234,600 | 193,800 | 73,100 | 75,200 |
Income tax (benefit) expense | ||||||||||
57,100 | 53,100 | 1,500 | 51,300 | 36,700 | 69,300 | 71,400 | 76,000 | 81,000 | 58,000 | -2,500 |
(Loss) earnings from continuing operations | ||||||||||
242,300 | 189,600 | 220,600 | 99,300 | 57,900 | 79,100 | 127,300 | 158,600 | 112,800 | 15,100 | - |
Net earnings from discontinued operations, net of tax (benefit) of $- and ($0.1) | ||||||||||
-1,800 | 9,600 | 4,200 | -9,900 | -5,300 | -800 | -26,800 | -26,400 | -400 | -4,100 | - |
(Loss) gain from disposal of discontinued businesses, net of tax (benefit) of ($1.4) and $- | ||||||||||
-26,000 | -13,300 | -105,200 | 15,300 | 41,600 | -14,500 | -6,400 | -900 | - | - | - |
Net (loss) gain from discontinued operations | ||||||||||
-27,800 | -3,700 | -101,000 | 5,400 | 36,300 | -15,300 | -33,200 | -27,300 | -400 | -4,100 | - |
Net (loss) earnings | ||||||||||
214,500 | 185,900 | 119,600 | 104,700 | 94,200 | 63,800 | 94,100 | 131,300 | 112,400 | 11,000 | 77,700 |
Other comprehensive income, net of tax: | ||||||||||
Foreign currency translation adjustments | ||||||||||
84,100 | -27,600 | 24,500 | -33,200 | -25,500 | -29,600 | -8,800 | 7,000 | -1,600 | -300 | - |
Derivative (loss), net | ||||||||||
-13,900 | 1,100 | -300 | 7,500 | 700 | -3,300 | 18,500 | -5,200 | -9,000 | 500 | - |
Pension and postretirement adjustments | ||||||||||
-13,200 | 32,900 | -33,700 | -49,300 | -32,900 | 91,000 | -90,100 | 58,200 | 78,700 | 29,200 | - |
Non-controlling interest purchase | ||||||||||
- | - | - | - | - | - | - | - | - | 1,100 | - |
Total other comprehensive income | ||||||||||
83,400 | -59,400 | 57,900 | 23,600 | 8,100 | -123,900 | 99,800 | -56,400 | -89,300 | -27,900 | - |
Total comprehensive income | ||||||||||
297,900 | 126,500 | 177,500 | 128,300 | 102,300 | -60,100 | 193,900 | 74,900 | 23,100 | -16,900 | - |
(Loss) earnings per share of common stock, continuing operations: | ||||||||||
Basic | ||||||||||
4.97 | 3.68 | 4.12 | 1.79 | 1.04 | 1.43 | 2.19 | 2.67 | 1.92 | 0.26 | - |
Diluted | ||||||||||
4.88 | 3.63 | 4.08 | 1.78 | 1.03 | 1.42 | 2.17 | 2.65 | 1.91 | 0.26 | - |
(Loss) earnings per share of common stock, discontinued operations: | ||||||||||
Basic | ||||||||||
-0.57 | -0.07 | -1.89 | 0.09 | 0.65 | -0.28 | -0.57 | -0.46 | -0.01 | -0.07 | - |
Diluted | ||||||||||
-0.56 | -0.07 | -1.87 | 0.09 | 0.65 | -0.28 | -0.57 | -0.46 | -0.01 | -0.07 | - |
Net (loss) earnings per share of common stock: | ||||||||||
Basic | ||||||||||
4.40 | 3.61 | 2.23 | 1.88 | 1.69 | 1.15 | 1.62 | 2.21 | 1.91 | 0.19 | 1.36 |
Diluted | ||||||||||
4.32 | 3.56 | 2.21 | 1.87 | 1.68 | 1.14 | 1.60 | 2.19 | 1.90 | 0.19 | 1.36 |
Average number of common shares outstanding: | ||||||||||
Basic | ||||||||||
48,700 | 51,300 | 53,300 | 55,400 | 55,500 | 55,000 | 57,800 | 58,900 | 58,300 | 57,700 | 56,800 |
Diluted | ||||||||||
49,500 | 52,100 | 53,900 | 55,700 | 55,900 | 55,400 | 58,400 | 59,500 | 58,800 | 58,200 | 57,000 |
Dividend declared per common share | ||||||||||
- | - | - | - | - | - | - | 8.55 | - | 13.74 | - |