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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
Net sales $ 265.1 $ 371.9 $ 882.3 $ 1,122.6
Cost of goods sold (186.4) (252.8) (630.6) (774.6)
Gross profit 78.7 119.1 251.7 348.0
Operating expenses:        
Selling, general and administrative (54.2) (71.2) (182.1) (214.9)
Research and development (7.7) (9.7) (24.4) (27.0)
Restructuring charge (0.0) (0.0) (21.1) (0.0)
Impairment of intangible assets (0.0) (0.0) (19.8) (0.0)
Total operating expenses (61.9) (80.9) (247.4) (241.9)
Operating income 16.8 38.2 4.3 106.1
Other income, net 3.8 1.0 7.8 5.1
Interest expense, net (0.4) (1.4) (1.5) (4.1)
Income before income tax expense 20.2 37.8 10.6 107.1
Income tax expense (7.5) (7.7) (4.5) (26.0)
Net income $ 12.7 $ 30.1 $ 6.1 $ 81.1
Earnings per share:        
Basic $ 0.52 $ 1.23 $ 0.25 $ 3.31
Diluted $ 0.51 $ 1.22 $ 0.25 $ 3.28
Weighted average shares outstanding (in thousands):        
Basic 24,570 24,491 24,555 24,476
Diluted 24,720 24,715 24,758 24,700