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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Income Statement [Abstract]        
Net sales $ 332.4 $ 205.5 $ 953.0 $ 645.6
Cost of goods sold (233.6) (126.3) (658.2) (404.7)
Gross profit 98.8 79.2 294.8 240.9
Operating expenses:        
Selling, general and administrative (60.7) (56.1) (176.9) (153.1)
Research and development (7.9) (6.5) (23.8) (19.6)
Adjustment to fair value of contingent consideration 0.0 2.3 0.0 6.3
Loss on disposal of subsidiary 0.0 0.0 (1.0) (1.4)
Foreign exchange loss on liquidation of subsidiary 0.0 0.0 (1.8) 0.0
Total operating expenses (68.6) (60.3) (203.5) (167.8)
Operating income 30.2 18.9 91.3 73.1
Other net income/(expense) 1.8 (5.0) 2.9 3.2
Interest expense, net (2.1) (0.7) (6.3) (2.2)
Income before income taxes 29.9 13.2 87.9 74.1
Income taxes (6.6) (1.8) (21.3) (14.9)
Net income $ 23.3 $ 11.4 $ 66.6 $ 59.2
Earnings per share:        
Basic $ 0.97 $ 0.48 $ 2.76 $ 2.47
Diluted $ 0.95 $ 0.47 $ 2.71 $ 2.42
Weighted average shares outstanding (in thousands):        
Basic 24,137 23,977 24,119 23,989
Diluted 24,565 24,476 24,569 24,462