XML 39 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Income (USD $)
In Millions, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Income Statement [Abstract]        
Net Sales $ 204.3 $ 185.3 $ 612.6 $ 576.3
Cost of products sold 151.4 122.1 442.9 385.5
Gross Profit 52.9 63.2 169.7 190.8
Selling expense 5.5 4.7 16.5 15.2
Research expense 3.6 3.6 11.9 11.1
General expense 15.3 12.5 45.9 36.0
Total nonmanufacturing expenses 24.4 20.8 74.3 62.3
Restructuring expense 3.3 0.6 6.6 2.9
Operating Profit 25.2 41.8 88.8 125.6
Interest expense 1.8 0.6 5.4 2.0
Other income, net 2.7 0.5 6.3 3.0
Income from Continuing Operations before Income Taxes and Income from Equity Affiliates 26.1 41.7 89.7 126.6
Provision for income taxes 2.3 13.8 18.6 40.0
Income (Loss) from equity affiliates, net of income taxes (0.7) 1.7 0.2 3.1
Income from Continuing Operations 23.1 29.6 71.3 89.7
Loss from Discontinued Operations (0.1) (0.5) (0.1) (3.9)
Net Income $ 23.0 $ 29.1 $ 71.2 $ 85.8
Net Income (Loss) per Share - Basic:        
Income per share from continuing operations (in dollars per share) $ 0.76 $ 0.94 $ 2.33 $ 2.86
Loss per share from discontinued operations (in dollars per share) $ 0.00 $ (0.01) $ 0.00 $ (0.12)
Net income per share - basic (in dollars per share) $ 0.76 $ 0.93 $ 2.33 $ 2.74
Net Income (Loss) per Share – Diluted:        
Income per share from continuing operations (in dollars per share) $ 0.76 $ 0.93 $ 2.32 $ 2.84
Loss per share from discontinued operations (in dollars per share) $ 0.00 $ (0.01) $ 0.00 $ (0.12)
Net income per share - diluted (in dollars per share) $ 0.76 $ 0.92 $ 2.32 $ 2.72
Weighted Average Shares Outstanding:        
Basic (in shares) 30,098,300 31,092,600 30,284,900 31,042,200
Diluted (in shares) 30,225,500 31,280,300 30,402,700 31,213,300