(27) Quarterly Results (Unaudited)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Quarter Ended | | | September 30, | | June 30, | | March 31, | | December 31, | | | 2016 | | 2015 | | 2016 | | 2015 | | 2016 | | 2015 | | 2015 | | 2014 | Net consumer and other product sales | | $ | 1,249.7 |
| | $ | 1,308.1 |
| | $ | 1,361.6 |
| | $ | 1,249.7 |
| | $ | 1,209.6 |
| | $ | 1,086.5 |
| | $ | 1,218.8 |
| | $ | 1,088.8 |
| Total revenues | | 1,308.6 |
| | 1,281.5 |
| | 1,437.4 |
| | 1,202.9 |
| | 1,260.0 |
| | 1,117.8 |
| | 1,209.4 |
| | 1,107.5 |
| Net consumer and other product gross profit | | 485.7 |
| | 467.5 |
| | 530.7 |
| | 458.4 |
| | 462.8 |
| | 379.5 |
| | 440.7 |
| | 376.8 |
| Net income (loss) from continuing operations | | (9.6 | ) | | (95.0 | ) | | 141.5 |
| | (24.7 | ) | | 56.5 |
| | (85.1 | ) | | 2.0 |
| | (86.1 | ) | (Loss) income from discontinued operations, net of tax | | 45.8 |
| | (32.1 | ) | | (234.5 | ) | | (16.7 | ) | | (40.6 | ) | | (152.4 | ) | | 5.0 |
| | (20.3 | ) | Net (loss) income | | 36.2 |
| | (127.1 | ) | | (93.0 | ) | | (41.4 | ) | | 15.9 |
| | (237.5 | ) | | 7.0 |
| | (106.4 | ) | Net loss attributable to controlling interest | | (7.3 | ) | | (143.1 | ) | | (132.9 | ) | | (75.6 | ) | | (24.7 | ) | | (228.3 | ) | | (33.9 | ) | | (109.8 | ) | | | | | | | | | | | | | | | | | | Net loss per common share attributable to controlling interest: | | | | | | | | | | | | | | | | | Basic income (loss) from continuing operations | | $ | (0.24 | ) | | $ | (0.53 | ) | | $ | 0.52 |
| | $ | (0.21 | ) | | $ | 0.09 |
| | $ | (0.40 | ) | | $ | (0.15 | ) | | $ | (0.44 | ) | Basic (loss) income from discontinued operations | | 0.20 |
| | (0.20 | ) | | (1.19 | ) | | (0.17 | ) | | (0.22 | ) | | (0.76 | ) | | (0.02 | ) | | (0.12 | ) | Basic | | $ | (0.04 | ) | | $ | (0.73 | ) | | $ | (0.67 | ) | | $ | (0.38 | ) | | $ | (0.13 | ) | | $ | (1.16 | ) | | $ | (0.17 | ) | | $ | (0.56 | ) | | | | | | | | | | | | | | | | | | Diluted income (loss) from continuing operations | | $ | (0.24 | ) | | $ | (0.53 | ) | | $ | 0.51 |
| | $ | (0.21 | ) | | $ | 0.09 |
| | $ | (0.40 | ) | | $ | (0.15 | ) | | $ | (0.44 | ) | Diluted (loss) income from discontinued operations | | 0.20 |
| | (0.20 | ) | | (1.17 | ) | | (0.17 | ) | | (0.22 | ) | | (0.76 | ) | | (0.02 | ) | | (0.12 | ) | Diluted | | $ | (0.04 | ) | | $ | (0.73 | ) | | $ | (0.66 | ) | | $ | (0.38 | ) | | $ | (0.13 | ) | | $ | (1.16 | ) | | $ | (0.17 | ) | | $ | (0.56 | ) |
As previously discussed in Note 1, Basis of Presentation and Nature of Operations, and Note 4, Divestitures, during the fourth quarter of Fiscal 2016, the Company completed the sale of its equity interests in Compass. As a result, Compass was presented as discontinued operations in the accompanying Consolidated Statements of Operations. The impact of the adoption of classifying the results of operations of Compass as discontinued operations and to the Company’s previously reported quarterly results for the quarters ended June 30, 2016 and 2015, March 31, 2016 and 2015, and December 31, 2016 and 2015 is presented below.
| | | | | | | | | | | | | | | | | | | | | | | | | | | | Quarter Ended June 30, 2016 | | Quarter Ended June 30, 2015 | | | Reported | | Adjustment | | As Revised | | Reported | | Adjustment | | As Revised | Net consumer and other product sales | | $ | 1,361.6 |
| | $ | — |
| | $ | 1,361.6 |
| | $ | 1,249.7 |
| | $ | — |
| | $ | 1,249.7 |
| Total revenues | | 1,447.1 |
| | (9.7 | ) | | 1,437.4 |
| | 1,227.2 |
| | (24.3 | ) | | 1,202.9 |
| Net consumer and other product gross profit | | 530.7 |
| | — |
| | 530.7 |
| | 458.4 |
| | — |
| | 458.4 |
| Net income (loss) from continuing operations | | 115.4 |
| | 26.1 |
| | 141.5 |
| | (144.3 | ) | | 119.6 |
| | (24.7 | ) | (Loss) income from discontinued operations, net of tax | | (208.4 | ) | | (26.1 | ) | | (234.5 | ) | | 102.9 |
| | (119.6 | ) | | (16.7 | ) | Net (loss) income | | (93.0 | ) | | — |
| | (93.0 | ) | | (41.4 | ) | | — |
| | (41.4 | ) | Net loss attributable to controlling interest | | (132.9 | ) | | — |
| | (132.9 | ) | | (75.6 | ) | | — |
| | (75.6 | ) | | | | | | | | | | | | | | Net loss per common share attributable to controlling interest: | | | | | | | | | | | | | Basic income (loss) from continuing operations | | $ | 0.39 |
| | $ | 0.13 |
| | $ | 0.52 |
| | $ | (0.82 | ) | | $ | 0.61 |
| | $ | (0.21 | ) | Basic (loss) income from discontinued operations | | (1.06 | ) | | (0.13 | ) | | (1.19 | ) | | 0.44 |
| | (0.61 | ) | | (0.17 | ) | Basic | | $ | (0.67 | ) | | $ | — |
| | $ | (0.67 | ) | | $ | (0.38 | ) | | $ | — |
| | $ | (0.38 | ) | | | | | | | | | | | | | | Diluted income (loss) from continuing operations | | $ | 0.38 |
| | $ | 0.13 |
| | $ | 0.51 |
| | $ | (0.82 | ) | | $ | 0.61 |
| | $ | (0.21 | ) | Diluted (loss) income from discontinued operations | | (1.04 | ) | | (0.13 | ) | | (1.17 | ) | | 0.44 |
| | (0.61 | ) | | (0.17 | ) | Diluted | | $ | (0.66 | ) | | $ | — |
| | $ | (0.66 | ) | | $ | (0.38 | ) | | $ | — |
| | $ | (0.38 | ) |
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