XML 93 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Income (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
 3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Income Statement [Abstract]        
Net sales $ 185.0 $ 178.5 $ 384.4 $ 379.3
Cost of goods sold (125.6) (121.8) (261.2) (258.6)
Gross profit 59.4 56.7 123.2 120.7
Operating expenses:        
Selling, general and administrative (31.5) (27.3) (67.2) (55.1)
Research and development (5.3) (5.0) (10.9) (9.6)
Restructuring charge 0 0 0 (0.1)
Impairment of Octane Additives segment goodwill (0.3) (0.3) (0.6) (0.6)
Total operating expenses (37.1) (32.6) (78.7) (65.4)
Operating income 22.3 24.1 44.5 55.3
Other net income/(expense) (1.0) (4.3) 0 (3.2)
Interest expense (0.5) (0.5) (0.9) (0.9)
Interest income 0.1 0.2 0.2 0.3
Income before income taxes 20.9 19.5 43.8 51.5
Income taxes (3.8) (4.0) (8.7) (11.4)
Net income $ 17.1 $ 15.5 $ 35.1 $ 40.1
Earnings per share:        
Basic $ 0.73 $ 0.67 $ 1.50 $ 1.74
Diluted $ 0.71 $ 0.65 $ 1.46 $ 1.68
Weighted average shares outstanding (in thousands):        
Basic 23,528 23,147 23,466 23,101
Diluted 24,057 23,894 24,073 23,820