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Condensed Consolidated Statements of Operations (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Income Statement [Abstract]        
Net sales $ 234.6 $ 222.6 $ 434.8 $ 422.4
Cost of sales 175.7 170.8 329.1 323.8
Gross profit 58.9 51.8 105.7 98.6
Selling, engineering, general and administrative expenses 34.9 34.2 69.1 68.9
Restructuring 0.1 (0.6) (0.1) (0.6)
Operating income 23.9 18.2 36.7 30.3
Interest expense 0.9 1.7 1.9 6.2
Debt settlement charges 0 0 0 8.7
Other expense (income), net 0.3 0.1 0.3 (0.1)
Income before income taxes 22.7 16.4 34.5 15.5
Income tax benefit (expense) (5.7) 101.4 (9.9) 101.2
Income from continuing operations 17.0 117.8 24.6 116.7
Gain (loss) from discontinued operations and disposal, net of income tax expense of $0.0, $0.2, $0.0, and $0.2, respectively 0.1 (0.3) (0.1) 0.2
Net income $ 17.1 $ 117.5 $ 24.5 $ 116.9 [1]
Basic earnings (loss) per share:        
Earnings from continuing operations (usd per share) $ 0.27 $ 1.88 $ 0.39 $ 1.87
Loss from discontinued operations and disposal, net of tax (usd per share) $ 0.00 $ 0.00 $ 0.00 $ 0.00
Net earnings (loss) per share (usd per share) $ 0.27 $ 1.88 $ 0.39 $ 1.87
Diluted earnings (loss) per share:        
Earnings from continuing operations (usd per share) $ 0.27 $ 1.87 $ 0.39 $ 1.86
Loss from discontinued operations and disposal, net of tax (usd per share) $ 0.00 $ 0.00 $ 0.00 $ 0.00
Net earnings (loss) per share (usd per share) $ 0.27 $ 1.87 $ 0.39 $ 1.86
Weighted average common shares outstanding:        
Basic (shares) 62.8 62.5 62.8 62.4
Diluted (shares) 63.8 62.9 63.8 62.8
Common Stock, Dividends, Per Share, Cash Paid $ 0.03 $ 0 $ 0.03 $ 0.00
[1] The change in actuarial losses in the three and six months ended June 30, 2014 includes $1.4 million and $2.7 million of actuarial losses that have been included in the computation of net postretirement pension expense for the period.