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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Income Statement [Abstract]    
Net sales $ 440.8 $ 500.2
Cost of goods sold (315.7) (344.5)
Gross profit 125.1 155.7
Operating expenses:    
Selling, general and administrative (69.3) (90.5)
Research and development (12.7) (14.0)
Adjustment to fair value of contingent consideration (0.7) (0.8)
Profit on disposal of property, plant and equipment 0.1 0.1
Total operating expenses (82.6) (105.2)
Operating income 42.5 50.5
Other income/(expense), net (0.5) 2.7
Interest income, net 2.4 2.1
Income before income tax expense 44.4 55.3
Income tax expense (11.6) (13.9)
Net income $ 32.8 $ 41.4
Earnings per share:    
Basic $ 1.31 $ 1.66
Diluted $ 1.31 $ 1.65
Weighted average shares outstanding (in thousands):    
Basic 24,970 24,893
Diluted 25,102 25,066