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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Income Statement [Abstract]        
Net sales $ 254.2 $ 228.2 $ 766.3 $ 670.2
Cost of goods sold (163.8) (154.6) (506.6) (462.3)
Gross profit 90.4 73.6 259.7 207.9
Operating expenses:        
Selling, general and administrative (52.7) (42.4) (151.6) (122.1)
Research and development (6.6) (6.0) (19.3) (17.3)
Adjustment to fair value of contingent consideration 8.5 0.0 31.6 0.0
Profit on disposal of subsidiary 1.6 0.0 1.6 0.0
Total operating expenses (49.2) (48.4) (137.7) (139.4)
Operating income 41.2 25.2 122.0 68.5
Other net income/(expense) 1.2 1.0 (2.0) 2.2
Interest expense, net (1.0) (0.8) (2.9) (2.5)
Income before income taxes 41.4 25.4 117.1 68.2
Income taxes (5.8) (4.6) (29.1) (12.0)
Net income $ 35.6 $ 20.8 $ 88.0 $ 56.2
Earnings per share:        
Basic $ 1.48 $ 0.85 $ 3.64 $ 2.30
Diluted $ 1.45 $ 0.83 $ 3.57 $ 2.26
Weighted average shares outstanding (in thousands):        
Basic 24,121 24,420 24,162 24,394
Diluted 24,611 24,915 24,660 24,849