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Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Income Statement [Abstract]        
Net Sales $ 181.9 $ 203.6 $ 369.9 $ 408.3
Cost of products sold 127.1 144.4 263.7 291.5
Gross Profit 54.8 59.2 106.2 116.8
Selling expense 5.1 5.5 10.5 11.0
Research expense 3.7 4.2 7.0 8.3
General expense 16.8 15.8 33.0 30.6
Total nonmanufacturing expenses 25.6 25.5 50.5 49.9
Restructuring and impairment expense 5.2 3.2 9.2 3.3
Operating Profit 24.0 30.5 46.5 63.6
Interest expense 1.9 2.1 3.6 3.6
Other income, net 6.1 2.8 8.2 3.6
Income from Continuing Operations before Income Taxes and Income from Equity Affiliates 28.2 31.2 51.1 63.6
Provision for income taxes 6.5 6.5 12.0 16.3
Income from equity affiliates, net of income taxes 2.8 0.3 4.2 0.9
Income from Continuing Operations 24.5 25.0 43.3 48.2
Loss from Discontinued Operations (1.1) 0.0 (1.1) 0.0
Net Income $ 23.4 $ 25.0 $ 42.2 $ 48.2
Net Income per Share - Basic:        
Income per share from continuing operations (in dollars per share) $ 0.80 $ 0.82 $ 1.42 $ 1.57
Loss per share from discontinued operations (in dollars per share) (0.04) 0.00 (0.04) 0.00
Net income per share - basic (in dollars per share) 0.76 0.82 1.38 1.57
Net Income per Share – Diluted:        
Income per share from continuing operations (in dollars per share) 0.80 0.81 1.41 1.56
Loss per share from discontinued operations (in dollars per share) (0.04) 0.00 (0.04) 0.00
Net income per share - diluted (in dollars per share) $ 0.76 $ 0.81 $ 1.37 $ 1.56
Weighted Average Shares Outstanding:        
Basic (in shares) 30,274,300 30,096,500 30,226,600 30,379,700
Diluted (in shares) 30,397,000 30,210,700 30,345,400 30,492,900