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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Income Statement [Abstract]    
Net sales $ 172.8 $ 196.5
Cost of sales 125.4 141.6
Gross profit 47.4 54.9
Selling, engineering, general and administrative expenses 29.6 30.4
Acquisition and integration related expenses 0.5 0.0
Restructuring 1.2 0.0
Operating income 16.1 24.5
Interest expense 0.4 0.6
Debt settlement charges 0.3 0.0
Other (income) expense, net (0.7) 1.2
Income before income taxes 16.1 22.7
Income tax expense (5.7) (8.3)
Income from continuing operations 10.4 14.4
Gain from discontinued operations and disposal, net of income tax expense of $4.4 and $0.1, respectively 3.2 0.5
Net income $ 13.6 $ 14.9
Basic earnings per share:    
Earnings from continuing operations (usd per share) $ 0.17 $ 0.23
Gain from discontinued operations and disposal, net of tax (usd per share) 0.05 0.01
Net earnings per share (usd per share) 0.22 0.24
Diluted earnings per share:    
Earnings from continuing operations (usd per share) 0.17 0.22
Gain from discontinued operations and disposal, net of tax (usd per share) 0.05 0.01
Net earnings per share (usd per share) $ 0.22 $ 0.23
Weighted average common shares outstanding:    
Basic (shares) 62.1 62.7
Diluted (shares) 63.0 63.7
Cash dividends declared per common share (usd per share) $ 0.07 $ 0.06