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Consolidated Statements of Income (Unaudited) (USD $)
In Millions, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Net Sales $ 185.3 $ 195.9 $ 576.3 $ 583.8
Cost of products sold 122.1 129.6 385.5 389.6
Gross Profit 63.2 66.3 190.8 194.2
Selling expense 4.7 4.1 15.2 15.3
Research expense 3.6 2.4 11.1 7.2
General expense 12.5 12.4 36.0 37.5
Total nonmanufacturing expenses 20.8 18.9 62.3 60.0
Restructuring and impairment expense 0.6 (2.0) 2.9 22.0
Operating Profit 41.8 49.4 125.6 112.2
Interest expense 0.6 0.7 2.0 2.5
Other income (expense), net 0.5 0.4 3.0 0
Income from Continuing Operations before Income Taxes and Income from Equity Affiliates 41.7 49.1 126.6 109.7
Provision for income taxes 13.8 16.7 40.0 37.6
Income from equity affiliates 1.7 1.3 3.1 2.2
Income from Continuing Operations 29.6 33.7 89.7 74.3
Loss from Discontinued Operations (0.5) (6.0) (3.9) (11.0)
Net Income $ 29.1 $ 27.7 $ 85.8 $ 63.3
Net Income (Loss) per Share - Basic:        
Income per share from continuing operations $ 0.94 $ 1.08 $ 2.86 $ 2.36
Loss per share from discontinued operations $ (0.01) $ (0.19) $ (0.12) $ (0.35)
Net income per share - basic $ 0.93 $ 0.89 $ 2.74 $ 2.01
Net Income (Loss) per Share - Diluted:        
Income per share from continuing operations $ 0.93 $ 1.06 $ 2.84 $ 2.33
Loss per share from discontinued operations $ (0.01) $ (0.19) $ (0.12) $ (0.35)
Net income per share - diluted $ 0.92 $ 0.87 $ 2.72 $ 1.98
Weighted Average Shares Outstanding:        
Basic 31,092,600 30,659,900 31,042,200 31,097,400
Diluted 31,280,300 31,052,600 31,213,300 31,460,300