XML 36 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
Net sales $ 346.4 $ 298.3 $ 1,043.3 $ 911.8
Cost of sales 263.6 227.4 795.0 690.5
Gross profit 82.8 70.9 248.3 221.3
Selling, engineering, general and administrative expenses 39.8 33.4 125.5 111.6
Amortization expense 3.1 2.8 9.6 8.2
Acquisition and integration-related expenses (benefits) 0.4 0.4 (1.0) 0.9
Operating income 39.5 34.3 114.2 100.6
Interest expense 2.7 1.1 5.9 3.3
Other expense (income), net 0.1 (0.3) (0.6) (1.1)
Income before income taxes 36.7 33.5 108.9 98.4
Income tax expense 4.9 4.3 23.1 17.3
Net income $ 31.8 $ 29.2 $ 85.8 $ 81.1
Basic earnings per share:        
Earnings per share (usd per share) $ 0.53 $ 0.48 $ 1.42 $ 1.33
Diluted earnings per share:        
Earnings per share (usd per share) $ 0.52 $ 0.47 $ 1.40 $ 1.31
Weighted average common shares outstanding:        
Basic (shares) 60.4 60.9 60.5 60.8
Diluted (shares) 61.0 61.7 61.1 61.8