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CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Income Statement [Abstract]      
Revenues $ 826.9 $ 744.2 $ 755.7
Cost of goods sold 503.9 452.8 458.2
Tangible Asset Impairment Charges 0.0 1.4 0.3
Restructuring charges - cost of goods sold 0.4 4.0 1.5
Gross profit 322.6 286.0 295.7
Research and development expenses 100.6 93.4 92.0
Selling and administrative expenses 142.5 126.6 149.9
Total impairment charges 0.0 19.9 0.2
Restructuring charges 1.7 6.2 8.6
Operating expenses 244.8 246.1 250.7
Operating earnings 77.8 39.9 45.0
Interest expense, net 16.0 20.6 20.4
Other expense (income), net 0.7 (0.1) (3.5)
Earnings before income taxes and discontinued operations [1] 61.1 19.4 28.1
Provision for income taxes (4.5) 12.9 8.3
Earnings from continuing operations 65.6 6.5 19.8
Earnings (loss) from discontinued operations, net 2.1 61.8 (62.1)
Net earnings (loss) $ 67.7 $ 68.3 $ (42.3)
Earnings per share:      
Per Share - Basic $ 0.73 $ 0.07 $ 0.22
Per Share - Diluted 0.72 0.07 0.22
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Diluted Share 0.02 0.68 (0.69)
Per Share - Basic 0.75 0.76 (0.48)
Per Share - Diluted $ 0.74 $ 0.75 $ (0.47)
Weighted-average common shares outstanding:      
Basic (in shares) [2] 90,050,051 89,329,794 88,667,098
Diluted (in shares) [2] 91,194,747 90,490,007 89,182,967
[1]
 
Years Ended December 31,
(in millions)
2018
 
2017
 
2016
Revenues:
 
 
 
 
 
Audio
$
682.2

 
$
637.4

 
$
661.9

Precision Devices
144.7

 
106.8

 
93.8

Total revenues
$
826.9

 
$
744.2

 
$
755.7

 
 
 
 
 
 
Earnings from continuing operations before interest and income taxes:
 
 
 
 
 
Audio
$
105.7

 
$
76.1

 
$
88.8

Precision Devices
27.5

 
19.2

 
12.4

Total segments
133.2

 
95.3

 
101.2

Corporate expense / other
56.1

 
55.3

 
52.7

Interest expense, net
16.0

 
20.6

 
20.4

Earnings before income taxes and discontinued operations
61.1

 
19.4

 
28.1

(Benefit from) provision for income taxes
(4.5
)
 
12.9

 
8.3

Earnings from continuing operations
$
65.6

 
$
6.5

 
$
19.8

 
 
 
 
 
 
Depreciation and amortization:
 
 
 
 
 
Audio
$
41.5

 
$
45.2

 
$
61.4

Precision Devices
7.8

 
5.6

 
4.3

Corporate
3.1

 
3.0

 
3.3

Total
$
52.4

 
$
53.8

 
$
69.0

 
 
 
 
 
 
Capital expenditures:
 
 
 
 
 
Audio
$
68.2

 
$
43.6

 
$
27.8

Precision Devices
10.8

 
5.4

 
3.1

Corporate
1.1

 
0.5

 
1.3

Total
$
80.1

 
$
49.5

 
$
32.2

 
 
 
 
 
 
Research and development:
 
 
 
 
 
Audio
$
94.5

 
$
89.0

 
$
89.2

Precision Devices
5.8

 
4.2

 
2.7

Corporate
0.3

 
0.2

 
0.1

Total
$
100.6

 
$
93.4

 
$
92.0

[2]
 
Years Ended December 31,
 
2018
 
2017
 
2016
Revenues
$
826.9

 
$
744.2

 
$
755.7

Cost of goods sold
503.9

 
452.8

 
458.2

Impairment charges

 
1.4

 
0.3

Restructuring charges - cost of goods sold
0.4

 
4.0

 
1.5

Gross profit
322.6

 
286.0

 
295.7

Research and development expenses
100.6

 
93.4

 
92.0

Selling and administrative expenses
142.5

 
126.6

 
149.9

Impairment charges

 
19.9

 
0.2

Restructuring charges
1.7

 
6.2

 
8.6

Operating expenses
244.8

 
246.1

 
250.7

Operating earnings
77.8

 
39.9

 
45.0

Interest expense, net
16.0

 
20.6

 
20.4

Other expense (income), net
0.7

 
(0.1
)
 
(3.5
)
Earnings before income taxes and discontinued operations
61.1

 
19.4

 
28.1

(Benefit from) provision for income taxes
(4.5
)
 
12.9

 
8.3

Earnings from continuing operations
65.6


6.5

 
19.8

Earnings (loss) from discontinued operations, net
2.1

 
61.8

 
(62.1
)
Net earnings (loss)
$
67.7

 
$
68.3

 
$
(42.3
)
 
 
 
 
 
 
Earnings per share from continuing operations:
 
 
 
 
 
Basic
$
0.73

 
$
0.07

 
$
0.22

Diluted
$
0.72

 
$
0.07

 
$
0.22

 
 
 
 
 
 
Earnings (loss) per share from discontinued operations:
 
 
 
 
 
Basic
$
0.02

 
$
0.69

 
$
(0.70
)
Diluted
$
0.02

 
$
0.68

 
$
(0.69
)
 
 
 
 
 
 
Net earnings (loss) per share:
 
 
 
 
 
Basic
$
0.75

 
$
0.76

 
$
(0.48
)
Diluted
$
0.74

 
$
0.75

 
$
(0.47
)
 
 
 
 
 
 
Weighted-average common shares outstanding:
 
 
 
 
 
Basic
90,050,051


89,329,794

 
88,667,098

Diluted
91,194,747


90,490,007

 
89,182,967