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Consolidated Statements of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Income Statement [Abstract]      
Net Sales $ 764.1 $ 794.3 $ 772.8
Cost of products sold 539.7 575.5 520.1
Gross Profit 224.4 218.8 252.7
Selling expense 22.2 22.0 20.9
Research expense 14.0 15.7 15.3
General expense 70.6 61.9 50.3
Total nonmanufacturing expenses 106.8 99.6 86.5
Restructuring and impairment expense 14.6 13.1 41.3
Operating Profit 103.0 106.1 124.9
Interest expense 9.7 7.2 2.9
Other income, net 12.2 9.3 5.7
Income from Continuing Operations before Income Taxes and Income from Equity Affiliates 105.5 108.2 127.7
Provision for income taxes 21.6 20.5 53.0
Income from equity affiliates, net of income taxes 6.6 2.0 3.8
Income from Continuing Operations 90.5 89.7 78.5
Loss from Discontinued Operations (0.8) 0.0 (2.4)
Net Income $ 89.7 $ 89.7 $ 76.1
Net Income (Loss) per Share - Basic:      
Income per share from continuing operations (in dollars per share) $ 2.97 $ 2.94 $ 2.51
Loss per share from discontinued operations (in dollars per share) (0.02) 0.00 (0.08)
Net income per share - basic (in dollars per share) 2.95 2.94 2.43
Net Income (Loss) per Share – Diluted:      
Income per share from continuing operations (in dollars per share) 2.96 2.93 2.49
Loss per share from discontinued operations (in dollars per share) (0.02) 0.00 (0.07)
Net income per share - diluted (in dollars per share) $ 2.94 $ 2.93 $ 2.42
Weighted Average Shares Outstanding:      
Basic (in shares) 30,251,400 30,238,000 31,056,700
Diluted (in shares) 30,374,300 30,356,500 31,238,300