XML 13 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Income Statement [Abstract]        
Net sales $ 326.3 $ 228.0 $ 620.6 $ 440.1
Cost of goods sold (221.2) (142.5) (424.6) (278.4)
Gross profit 105.1 85.5 196.0 161.7
Operating expenses:        
Selling, general and administrative (60.9) (53.1) (116.2) (97.0)
Research and development (8.5) (6.2) (15.9) (13.1)
Adjustment to fair value of contingent consideration 0.0 2.4 0.0 4.0
Loss on disposal of subsidiary (1.0) 0.0 (1.0) (1.4)
Foreign exchange loss on liquidation of subsidiary 0.0 0.0 (1.8) 0.0
Total operating expenses (70.4) (56.9) (134.9) (107.5)
Operating income 34.7 28.6 61.1 54.2
Other net income 2.1 8.5 1.1 8.2
Interest expense, net (2.0) (0.7) (4.2) (1.5)
Income before income taxes 34.8 36.4 58.0 60.9
Income taxes (8.7) (7.5) (14.7) (13.1)
Net income $ 26.1 $ 28.9 $ 43.3 $ 47.8
Earnings per share:        
Basic $ 1.08 $ 1.21 $ 1.80 $ 1.99
Diluted $ 1.06 $ 1.18 $ 1.76 $ 1.95
Weighted average shares outstanding (in thousands):        
Basic 24,133 23,973 24,110 23,996
Diluted 24,555 24,443 24,558 24,462