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Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Income Statement [Abstract]        
Net Sales $ 184.4 $ 204.3 $ 554.3 $ 612.6
Cost of products sold 132.0 151.4 395.7 442.9
Gross Profit 52.4 52.9 158.6 169.7
Selling expense 5.5 5.5 16.0 16.5
Research expense 3.5 3.6 10.5 11.9
General expense 10.3 15.3 43.3 45.9
Total nonmanufacturing expenses 19.3 24.4 69.8 74.3
Restructuring and impairment expense 1.3 3.3 10.5 6.6
Operating Profit 31.8 25.2 78.3 88.8
Interest expense 1.7 1.8 5.3 5.4
Other income, net 1.3 2.7 9.5 6.3
Income from Continuing Operations before Income Taxes and Income from Equity Affiliates 31.4 26.1 82.5 89.7
Provision for income taxes 5.9 2.3 17.9 18.6
Income (loss) from equity affiliates, net of income taxes 0.1 (0.7) 4.3 0.2
Income from Continuing Operations 25.6 23.1 68.9 71.3
Income (loss) from Discontinued Operations 0.2 (0.1) (0.9) (0.1)
Net Income $ 25.8 $ 23.0 $ 68.0 $ 71.2
Net Income per Share - Basic:        
Income per share from continuing operations (in dollars per share) $ 0.84 $ 0.76 $ 2.26 $ 2.33
Loss per share from discontinued operations (in dollars per share) 0.01 0.00 (0.03) 0.00
Net income per share - basic (in dollars per share) 0.85 0.76 2.23 2.33
Net Income per Share – Diluted:        
Income per share from continuing operations (in dollars per share) 0.84 0.76 2.25 2.32
Loss per share from discontinued operations (in dollars per share) 0.01 0.00 (0.03) 0.00
Net income per share - diluted (in dollars per share) $ 0.85 $ 0.76 $ 2.22 $ 2.32
Weighted Average Shares Outstanding:        
Basic (in shares) 30,275,400 30,098,300 30,243,000 30,284,900
Diluted (in shares) 30,408,600 30,225,500 30,366,600 30,402,700