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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Net sales $ 244.9 $ 362.4 $ 617.2 $ 750.7
Cost of goods sold (185.8) (251.3) (444.2) (521.8)
Gross profit 59.1 111.1 173.0 228.9
Operating expenses:        
Selling, general and administrative (63.5) (71.2) (127.9) (143.7)
Research and development (8.1) (8.2) (16.7) (17.3)
Restructuring charge (21.1) (0.0) (21.1) (0.0)
Impairment of intangible assets (19.8) (0.0) (19.8) (0.0)
Total operating expenses (112.5) (79.4) (185.5) (161.0)
Operating (loss)/income (53.4) 31.7 (12.5) 67.9
Other income, net 0.1 0.0 4.0 4.1
Interest expense, net (0.5) (1.2) (1.1) (2.7)
(Loss)/income before income tax expense (53.8) 30.5 (9.6) 69.3
Income tax credit/(expense) 14.1 (8.2) 3.0 (18.3)
Net (loss)/income $ (39.7) $ 22.3 $ (6.6) $ 51.0
Earnings per share:        
Basic $ (1.62) $ 0.91 $ (0.27) $ 2.08
Diluted $ (1.62) $ 0.90 $ (0.27) $ 2.07
Weighted average shares outstanding (in thousands):        
Basic 24,564 24,483 24,547 24,468
Diluted 24,564 24,678 24,547 24,671