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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]        
Net sales $ 354.5 $ 244.9 $ 694.1 $ 617.2
Cost of goods sold (246.2) (185.8) (485.0) (444.2)
Gross profit 108.3 59.1 209.1 173.0
Operating expenses:        
Selling, general and administrative (62.7) (63.5) (126.3) (127.9)
Research and development (8.6) (8.1) (17.6) (16.7)
Restructuring charge (0.0) (21.1) (0.0) (21.1)
Impairment of intangible assets (0.0) (19.8) (0.0) (19.8)
Total operating expenses (71.3) (112.5) (143.9) (185.5)
Operating income/(loss) 37.0 (53.4) 65.2 (12.5)
Other income, net 3.4 0.1 6.4 4.0
Interest expense, net (0.3) (0.5) (0.7) (1.1)
Income/(loss) before income tax expense 40.1 (53.8) 70.9 (9.6)
Income tax (expense)/credit (17.7) 14.1 (25.1) 3.0
Net income/(loss) $ 22.4 $ (39.7) $ 45.8 $ (6.6)
Earnings per share:        
Basic $ 0.91 $ (1.62) $ 1.86 $ (0.27)
Diluted $ 0.90 $ (1.62) $ 1.84 $ (0.27)
Weighted average shares outstanding (in thousands):        
Basic 24,628 24,564 24,615 24,547
Diluted 24,869 24,564 24,856 24,547