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Consolidated Statements of Income (USD $)
In Millions, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Income Statement [Abstract]      
Net Sales $ 772.8 $ 778.5 $ 788.3
Cost of products sold 520.1 519.0 545.3
Gross Profit 252.7 259.5 243.0
Selling expense 20.9 21.9 21.4
Research expense 15.3 9.9 9.2
General expense 50.3 54.6 57.4
Total nonmanufacturing expenses 86.5 86.4 88.0
Provision for losses on business tax credits 0 0 15.9
Restructuring and Impairment Expense 41.3 21.4 14.0
Operating Profit 124.9 151.7 125.1
Interest expense 2.9 3.3 2.3
Other income (expense), net 5.7 1.2 (2.6)
Income from Continuing Operations before Income Taxes and Income from Equity Affiliates 127.7 149.6 120.2
Provision for income taxes 53.0 49.5 32.8
Income from equity affiliates, net of income taxes 3.8 4.0 4.7
Income from Continuing Operations 78.5 104.1 92.1
(Loss) income from Discontinued Operations (2.4) (24.3) 0.5
Net Income $ 76.1 $ 79.8 $ 92.6
Net Income (Loss) per Share - Basic:      
Income per share from continuing operations (in dollars per share) $ 2.51 $ 3.33 $ 2.73
(Loss) income per share from discontinued operations (in dollars per share) $ (0.08) $ (0.79) $ 0.02
Net income per share - basic (in dollars per share) $ 2.43 $ 2.54 $ 2.75
Net Income (Loss) per Share – Diluted:      
Income per share from continuing operations (in dollars per share) $ 2.49 $ 3.29 $ 2.71
(Loss) income per share from discontinued operations (in dollars per share) $ (0.07) $ (0.78) $ 0.02
Net income per share - diluted (in dollars per share) $ 2.42 $ 2.51 $ 2.73
Weighted Average Shares Outstanding:      
Basic (in shares) 31,056,700 30,986,200 33,230,200
Diluted (in shares) 31,238,300 31,341,900 33,486,800