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Shareholders' Equity (Tables)

6 Months Ended

Jun. 30, 2023

Equity [Abstract]

Schedule of Stockholders Equity

Changes in shareholders' equity for the six months ended June 30, 2023 are as follows:

			Common Stock												Additional Paid-in Capital						Retained Earnings						Accumulated Other Comprehensive Income (Loss)						Treasury Stock						Total Shareholders' Equity						Redeemable Non-controlling Interests
(in millions, except per share data)			Shares						Amount
Balance, December 31, 2022			20.8						$	0.2					$	299.2					$	1,130.2					$	(33.3)					$	(1.2)					$	1,395.1					$	17.9
Net income			—						—						—						37.4						—						—						37.4						—
Other comprehensive income			—						—						—						—						7.1						—						7.1						—
Dividends ($0.29 per share)			—						—						—						(6.1)						—						—						(6.1)						—
Incentive plan activity			0.1						—						1.6						—						—						—						1.6						—
Balance, March 31, 2023			20.9						$	0.2					$	300.8					$	1,161.5					$	(26.2)					$	(1.2)					$	1,435.1					$	17.9
Net loss			—						—						—						(18.6)						—						—						(18.6)						(4.2)
Other comprehensive income			—						—						—						—						5.1						—						5.1						—
Dividends ($0.29 per share)			—						—						—						(6.1)												—						(6.1)						—
Incentive plan activity			—						—						3.1						—						—						—						3.1						—
Other			—						—						(4.2)						—						—						—						(4.2)						4.2
Balance, June 30, 2023			20.9						$	0.2					$	299.7					$	1,136.8					$	(21.1)					$	(1.2)					$	1,414.4					$	17.9

Changes in shareholders' equity for the six months ended June 30, 2022 are as follows:

			Common Stock												Additional Paid-in Capital						Retained Earnings						Accumulated Other Comprehensive Income (Loss)						Treasury Stock						Total Shareholders' Equity						Redeemable Non-controlling Interests
(in millions, except per share data)			Shares						Amount
Balance, December 31, 2021			20.7						$	0.2					$	303.6					$	953.1					$	14.6					$	(1.2)					$	1,270.3					$	50.1
Net income			—						—						—						16.8						—						—						16.8						0.3
Other comprehensive loss			—						—						—						—						(11.7)						—						(11.7)						(1.0)
Dividends ($0.28 per share)			—						—						—						(5.9)						—						—						(5.9)						—
Incentive plan activity			0.1						—						(4.1)						—						—						—						(4.1)						—
Other			—						—						0.1						—						—						—						0.1						(0.1)
Balance, March 31, 2022			20.8						$	0.2					$	299.6					$	964.0					$	2.9					$	(1.2)					$	1,265.5					$	49.3
Net income (loss)			—						—						—						34.4						—						—						34.4						(0.1)
Other comprehensive loss			—						—						—						—						(14.9)						—						(14.9)						(1.1)
Dividends ($0.28 per share)			—						—						—						(5.9)												—						(5.9)						—
Incentive plan activity			—						—						1.4						—						—						—						1.4						—
Balance, June 30, 2022			20.8						$	0.2					$	301.0					$	992.5					$	(12.0)					$	(1.2)					$	1,280.5					$	48.1

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The following assumptions were used to estimate the fair value of the 2023 option awards:

Average expected term			6 years
Expected volatility			39.75		%
Risk-free interest rate			4.22		%
Expected dividend yield			1.05		%

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- References

No definition available.

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- Definition

Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 718
-SubTopic 10
-Subparagraph (f)(2)
-Name Accounting Standards Codification
-Paragraph 2
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

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- Definition

Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-SubTopic 10
-Topic 505
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-2

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