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Condensed Consolidated Statements of Income (Unaudited) (USD $)
In Millions, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Net Sales $ 204.7 $ 194.5
Cost of products sold 147.1 131.8
Gross Profit 57.6 62.7
Selling expense 5.5 5.0
Research expense 4.1 3.8
General expense 14.8 10.6
Total nonmanufacturing expenses 24.4 19.4
Restructuring and impairment expense 0.1 1.6
Operating Profit 33.1 41.7
Interest expense 1.5 0.7
Other income, net 0.8 1.3
Income from Continuing Operations before Income Taxes and Income from Equity Affiliates 32.4 42.3
Provision for income taxes 9.8 12.4
Income from equity affiliates 0.6 0.8
Income from Continuing Operations 23.2 30.7
Loss from Discontinued Operations 0 (0.6)
Net Income $ 23.2 $ 30.1
Net Income (Loss) per Share - Basic:    
Income per share from continuing operations $ 0.75 $ 0.98
Loss per share from discontinued operations $ 0.00 $ (0.02)
Net income per share - basic $ 0.75 $ 0.96
Net Income (Loss) per Share - Diluted:    
Income per share from continuing operations $ 0.75 $ 0.98
Loss per share from discontinued operations $ 0.00 $ (0.02)
Net income per share - diluted $ 0.75 $ 0.96
Weighted Average Shares Outstanding:    
Basic 30,665,900 30,945,600
Diluted 30,778,200 31,108,900