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123
First Quarter
Second Quarter
Fourth Quarter
As
As
As
Previously
Previously
Previously
Reported
Adjustment
As Revised
Reported
Adjustment
As Revised
Reported
Adjustment
As Revised
2015:
Operating (loss)
income
$
(19.2)
$
(3.0)
$
(22.2)
Net earnings (loss)
$
19.7
$
0.4
$
20.2
$
(36.3)
$
1.6
$
(34.7)
Basic EPS
$
0.32
$
0.01
$
0.33
$
(0.59)
$
0.03
$
(0.56)
Diluted EPS
$
0.32
$
–
$
0.32
$
(0.59)
$
0.03
$
(0.56)
2014:
Net earnings (loss)
$
29.3
$
1.4
$
30.7
$
37.5
$
(0.4)
$
37.1
$
(25.6)
$
3.1
$
(22.6)
Basic EPS
$
0.47
$
0.02
$
0.49
$
0.60
$
–
$
0.60
$
(0.42)
$
0.05
$
(0.37)
Diluted EPS
$
0.46
$
0.02
$
0.48
$
0.59
$
–
$
0.59
$
(0.42)
$
0.05
$
(0.37)
(2) Net earnings for the first quarter of 2015 included $1.9 million of pre-tax restructuring charges and project costs in connection with the
Company’s restructuring plans and $33.5 million of pre-tax charges in connection with intangible amortization and integration costs associated
with the Company’s acquisitions.
Net loss for the second quarter of 2015 included $37.2 million of pre-tax restructuring charges and project costs in connection with the
Company’s restructuring plans and $67.7 million of pre-tax charges in connection with intangible amortization and integration costs associated
with the Company’s acquisitions. Refer to Note 4 of the Notes to Consolidated Financial Statements for a discussion of a tax error correction
related to transaction costs included in integration costs associated with the Company’s acquisitions.
Net loss for the third quarter of 2015 included $0.9 million of pre-tax restructuring charges and project costs in connection with the Company’s
restructuring plans, $64.4 million of pre-tax charges in connection with intangible amortization and integration costs associated with the
Company’s acquisitions, $3.2 million of remediation-related charges in connection with remediation efforts to resolve the Company’s previously
disclosed material weakness, and a pension and other postretirement benefit plan net loss of $0.3 million.
Net loss for the fourth quarter of 2015 included $48.2 million of pre-tax restructuring charges and project costs in connection with the
Company’s restructuring plans, $62.3 million of pre-tax charges in connection with intangible amortization and integration costs associated with
the Company’s acquisitions, $4.3 million of remediation-related charges in connection with remediation efforts to resolve the Company’s
previously disclosed material weakness, and a pension and other postretirement benefit plan net loss of $8.4 million.
(3) Net earnings for the first quarter of 2014 included $11.9 million of pre-tax restructuring charges and project costs in connection with the
Company’s restructuring plans and $22.0 million of pre-tax charges in connection with intangible amortization and integration costs associated
with the Company’s acquisitions.
Net earnings for the second quarter of 2014 included $11.8 million of pre-tax restructuring charges and project costs in connection with the
Company’s restructuring plans, $23.5 million of pre-tax charges in connection with intangible amortization and integration costs associated with
the Company’s acquisitions, and a pension and other postretirement benefit plan net gain of $2.9 million.
Net earnings for the third quarter of 2014 included $11.7 million of pre-tax restructuring charges and project costs in connection with the
Company’s restructuring plans and $27.4 million of pre-tax charges in connection with intangible amortization and integration costs associated
with the Company’s acquisitions.
Net loss for the fourth quarter of 2014 included $10.4 million of pre-tax restructuring charges and project costs in connection with the
Company’s restructuring plans, $29.0 million of pre-tax charges in connection with intangible amortization and integration costs associated with
the Company’s acquisitions, and a pension and other postretirement benefit plan net loss of $83.4 million.