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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Income Statement [Abstract]        
Net sales $ 358.1 $ 326.3 $ 718.8 $ 620.6
Cost of goods sold (255.3) (221.2) (511.5) (424.6)
Gross profit 102.8 105.1 207.3 196.0
Operating expenses:        
Selling, general and administrative (65.8) (62.1) (133.1) (118.5)
Research and development (8.7) (8.5) (17.0) (15.9)
Loss on disposal of subsidiary 0.0 (1.0) 0.0 (1.0)
Foreign exchange loss on liquidation of subsidiary 0.0 0.0 0.0 (1.8)
Total operating expenses (74.5) (71.6) (150.1) (137.2)
Operating income 28.3 33.5 57.2 58.8
Other income, net 3.0 3.3 5.5 3.4
Interest expense, net (1.8) (2.0) (3.5) (4.2)
Income before income taxes 29.5 34.8 59.2 58.0
Income taxes (7.7) (8.7) (15.2) (14.7)
Net income $ 21.8 $ 26.1 $ 44.0 $ 43.3
Earnings per share:        
Basic $ 0.89 $ 1.08 $ 1.80 $ 1.80
Diluted $ 0.89 $ 1.06 $ 1.79 $ 1.76
Weighted average shares outstanding (in thousands):        
Basic 24,409 24,133 24,389 24,110
Diluted 24,591 24,555 24,584 24,558