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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Income Statement [Abstract]    
Net sales $ 212.1 $ 269.2
Cost of goods sold (135.9) (187.4)
Gross profit 76.2 81.8
Operating expenses:    
Selling, general and administrative (43.9) (48.7)
Research and development (6.9) (6.2)
Adjustment to fair value of contingent consideration 1.6 (3.5)
Loss on disposal of subsidiary (1.4) 0.0
Total operating expenses (50.6) (58.4)
Operating income 25.6 23.4
Other net (expense)/income (0.3) 1.5
Interest expense, net (0.8) (1.0)
Income before income taxes 24.5 23.9
Income taxes (5.6) (6.0)
Net income $ 18.9 $ 17.9
Earnings per share:    
Basic $ 0.79 $ 0.74
Diluted $ 0.77 $ 0.72
Weighted average shares outstanding (in thousands):    
Basic 24,019 24,301
Diluted 24,483 24,808