XML 35 R2.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Statements Of Operations - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Income Statement [Abstract]      
Net sales $ 707.9 $ 768.0 $ 779.1
Cost of sales 524.8 542.4 570.4
Gross profit 183.1 225.6 208.7
Selling, engineering, general and administrative expenses 122.3 122.0 120.0
Acquisition and integration related expenses 1.4 0.0 0.0
Restructuring 1.7 0.4 0.0
Operating income 57.7 103.2 88.7
Interest expense 1.9 2.3 3.6
Write off of Deferred Debt Issuance Cost 0.3 0.0 0.0
Other (income) expense, net (1.3) 1.0 1.7
Income before income taxes 56.8 99.9 83.4
Income tax expense (17.4) (34.1) (23.7)
Income from continuing operations 39.4 65.8 59.7
Gain (loss) from discontinued operations and disposal, net of income tax expense of $3.4, $8.3 and $1.0, respectively 4.4 (2.3) 4.0
Net income $ 43.8 $ 63.5 $ 63.7
Basic earnings per share:      
Earnings from continuing operations (usd per share) $ 0.65 $ 1.06 $ 0.95
Earnings (loss) from discontinued operations and disposal, net of tax 0.07 (0.04) 0.06
Net earnings per share (usd per share) 0.72 1.02 1.01
Diluted earnings per share:      
Earnings from continuing operations (usd per share) 0.64 1.04 0.94
Loss (gain) from discontinued operations and disposal, net of tax (usd per share) 0.07 (0.04) 0.06
Net earnings per share (usd per share) $ 0.71 $ 1.00 $ 1.00
Weighted average shares outstanding:      
Basic (shares) 60.4 62.2 62.7
Diluted (shares) 61.2 63.4 63.6
Cash dividends declared per common share (usd per share) $ 0.28 $ 0.25 $ 0.09