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Quarterly Financial Data | 12 Months Ended
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Dec. 31, 2011
Quarterly Financial Data [Abstract] |
Quarterly Financial Data | 19. Quarterly Financial Data (unaudited)
(in millions except per share amounts) |  |  |  |  |  |  |  |
2011 |  | 1st |  | 2nd |  | 3rd |  | 4th
Net sales |  | $206.8 |  | $198.6 |  | $206.7 |  | $202.6
Gross profit |  | 88.9 |  | 78.7 |  | 81.3 |  | 80.1
Net income |  | 16.7 |  | 8.8 |  | 16.7 |  | (7.2)
Basic earnings per share |  | 0.54 |  | 0.28 |  | 0.53 |  | (0.23)
Diluted earnings per share |  | 0.53 |  | 0.28 |  | 0.53 |  | (0.23)
Cash dividends per share |  | 0.12 |  | 0.13 |  | 0.13 |  | 0.13
Class A Common Stock prices: |  |  |  |  |  |  |  |
High |  | 25.09 |  | 27.90 |  | 27.68 |  | 25.70
Low |  | 21.84 |  | 23.54 |  | 17.82 |  | 17.24
2010 |  |  |  |  |  |  |  |
Net sales |  | $180.1 |  | $193.7 |  | $192.2 |  | $199.8
Gross profit |  | 65.5 |  | 74.1 |  | 74.6 |  | 80.6
Net income |  | 5.6 |  | 7.9 |  | 3.6 |  | 20.5
Basic earnings per share |  | 0.18 |  | 0.25 |  | 0.12 |  | 0.66
Diluted earnings per share |  | 0.18 |  | 0.25 |  | 0.12 |  | 0.66
Cash dividends per share |  | 0.12 |  | 0.12 |  | 0.12 |  | 0.12
Class A Common Stock prices: |  |  |  |  |  |  |  |
High |  | 23.27 |  | 25.73 |  | 20.89 |  | 25.62
Low |  | 18.32 |  | 16.00 |  | 15.06 |  | 18.68
2009 |  |  |  |  |  |  |  |
Net sales |  | $174.9 |  | $182.1 |  | $186.7 |  | $194.0
Gross profit |  | 60.0 |  | 59.6 |  | 64.5 |  | 69.2
Net (loss)/income |  | (19.4) |  | (12.7) |  | (5.1) |  | 3.7
Basic (losses)/earnings per share |  | (0.64) |  | (0.41) |  | (0.17) |  | 0.12
Diluted (losses)/earnings per share |  | (0.64) |  | (0.41) |  | (0.17) |  | 0.12
Cash dividends per share |  | 0.12 |  | 0.12 |  | 0.12 |  | 0.12
Class A Common Stock prices: |  |  |  |  |  |  |  |
High |  | 13.72 |  | 14.69 |  | 20.53 |  | 22.87
Low |  | 5.05 |  | 7.95 |  | 10.05 |  | 16.39
In 2011, restructuring charges reduced earnings per share by $0.00 in the first quarter, $0.04 in the second quarter, $0.06 in the third quarter, and $0.10 in the fourth quarter. Income tax expense in the fourth quarter of 2011 includes a favorable adjustment of $0.11 per share to correct errors from periods prior to 2006. The Company does not believe that the corrected item is or was material to any previously reported quarterly or annual financial statements. As a result, the Company has not restated its previously issued annual or quarterly financial statements. In 2010, restructuring charges reduced earnings per share by $0.04 in the first quarter, $0.01 in the second quarter, $0.04 in the third quarter, and $0.03 in the fourth quarter. In 2009, restructuring charges reduced earnings per share by $0.57 in the first quarter, $1.05 in the second quarter, and $0.62 in the third quarter, and $0.02 in the fourth quarter. In 2009, gains on extinguishment of debt increased earnings per share by $0.06 in the first quarter, $0.73 in the second quarter, $0.16 in the third quarter, and $0.09 in the fourth quarter. In the second quarter of 2009, basic earnings per share were reduced by $0.33 as a result of a purchase price adjustment on the sale of the Company's Filtration Technologies business. The Company's Class A Common Stock is traded principally on the New York Stock Exchange. As of December 31, 2011, there were approximately 6,600 beneficial owners of the Company's common stock, including employees owning shares through the Company's 401(k) defined contribution plan.

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- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 28 -Paragraph 23, 24 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 28 -Paragraph 30 -Subparagraph a-j -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=6952194&loc=d3e1280-108306 + Details
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