XML 83 R2.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Income Statement [Abstract]        
Net sales $ 298.3 $ 279.8 $ 911.8 $ 836.0
Cost of sales 227.4 207.2 690.5 618.3
Gross profit 70.9 72.6 221.3 217.7
Selling, engineering, general and administrative expenses 36.2 38.4 119.8 118.0
Acquisition and integration-related expenses 0.4 0.2 0.9 0.8
Restructuring 0.0 0.0 0.0 1.3
Operating income 34.3 34.0 100.6 97.6
Interest expense 1.1 1.2 3.3 4.5
Other (income) expense, net (0.3) (0.1) (1.1) 2.1
Income before income taxes 33.5 32.9 98.4 91.0
Income tax expense 4.3 7.6 17.3 20.9
Net income $ 29.2 $ 25.3 $ 81.1 $ 70.1
Basic earnings per share:        
Earnings per share (usd per share) $ 0.48 $ 0.42 $ 1.33 $ 1.16
Diluted earnings per share:        
Earnings per share (usd per share) $ 0.47 $ 0.41 $ 1.31 $ 1.14
Weighted average common shares outstanding:        
Basic (shares) 60.9 60.3 60.8 60.3
Diluted (shares) 61.7 61.3 61.8 61.5