XML 23 R2.htm IDEA: XBRL DOCUMENT v3.19.3
Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Income Statement [Abstract]        
Net sales $ 371.9 $ 363.1 $ 1,122.6 $ 1,081.9
Cost of goods sold (252.8) (252.1) (774.6) (763.6)
Gross profit 119.1 111.0 348.0 318.3
Operating expenses:        
Selling, general and administrative (71.2) (64.7) (214.9) (197.8)
Research and development (9.7) (8.1) (27.0) (25.1)
Restructuring charge (0.0) (4.8) (0.0) (4.8)
Total operating expenses (80.9) (77.6) (241.9) (227.7)
Operating income 38.2 33.4 106.1 90.6
Other income/(expense), net 1.0 (1.2) 5.1 4.3
Interest expense, net (1.4) (1.8) (4.1) (5.3)
Income before income tax expense 37.8 30.4 107.1 89.6
Income tax expense (7.7) (9.8) (26.0) (25.0)
Net income $ 30.1 $ 20.6 $ 81.1 $ 64.6
Earnings per share:        
Basic $ 1.23 $ 0.84 $ 3.31 $ 2.65
Diluted $ 1.22 $ 0.84 $ 3.28 $ 2.63
Weighted average shares outstanding (in thousands):        
Basic 24,491 24,419 24,476 24,399
Diluted 24,715 24,597 24,700 24,580