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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Income Statement [Abstract]        
Net sales $ 224.4 $ 172.3 $ 402.2 $ 345.1
Cost of sales 169.7 127.3 303.9 252.7
Gross profit 54.7 45.0 98.3 92.4
Selling, engineering, general and administrative expenses 34.9 30.3 66.4 59.9
Acquisition and integration related expenses 1.0 0.4 1.5 0.9
Restructuring 0.1 0.0 0.4 1.2
Operating income 18.7 14.3 30.0 30.4
Interest expense 1.3 0.4 1.9 0.8
Debt settlement charges 0.0 0.0 0.0 0.3
Other income, net (0.2) (0.3) (0.5) (1.0)
Income before income taxes 17.6 14.2 28.6 30.3
Income tax expense 6.1 4.8 9.9 10.5
Income from continuing operations 11.5 9.4 18.7 19.8
(Loss) gain from discontinued operations and disposal, net of income tax (benefit) expense of $(0.1), $(0.3), $0.0 and $4.1, respectively (0.1) (0.3) 0.0 2.9
Net income $ 11.4 $ 9.1 $ 18.7 $ 22.7
Basic earnings per share:        
Earnings from continuing operations (usd per share) $ 0.19 $ 0.16 $ 0.31 $ 0.32
(Loss) earnings from discontinued operations and disposal, net of tax (usd per share) 0.00 (0.01) 0.00 0.05
Net earnings per share (usd per share) 0.19 0.15 0.31 0.37
Diluted earnings per share:        
Earnings from continuing operations (usd per share) 0.19 0.15 0.31 0.32
(Loss) earnings from discontinued operations and disposal, net of tax (usd per share) 0.00 0.00 0.00 0.05
Net earnings per share (usd per share) $ 0.19 $ 0.15 $ 0.31 $ 0.37
Weighted average common shares outstanding:        
Basic (shares) 59.7 60.1 59.7 61.1
Diluted (shares) 60.3 60.9 60.3 61.9
Cash dividends declared per common share (usd per share) $ 0.07 $ 0.07 $ 0.14 $ 0.14