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Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Income Statement [Abstract]        
Net Sales $ 217.3 $ 181.9 $ 431.9 $ 369.9
Cost of products sold 150.4 127.1 301.5 263.7
Gross Profit 66.9 54.8 130.4 106.2
Selling expense 6.4 5.1 12.8 10.5
Research expense 4.4 3.7 8.7 7.0
General expense 17.7 16.8 37.1 33.0
Total nonmanufacturing expenses 28.5 25.6 58.6 50.5
Restructuring and impairment expense 0.9 5.2 2.7 9.2
Operating Profit 37.5 24.0 69.1 46.5
Interest expense 4.1 1.9 8.7 3.6
Other income, net 1.0 6.1 3.3 8.2
Income from Continuing Operations before Income Taxes and Income from Equity Affiliates 34.4 28.2 63.7 51.1
Provision for income taxes 9.1 6.5 17.2 12.0
Income from equity affiliates, net of income taxes 0.7 2.8 0.6 4.2
Income from Continuing Operations 26.0 24.5 47.1 43.3
Loss from Discontinued Operations 0.0 1.1 0.0 1.1
Net Income $ 26.0 $ 23.4 $ 47.1 $ 42.2
Net Income per Share - Basic:        
Income per share from continuing operations (in dollars per share) $ 0.85 $ 0.80 $ 1.54 $ 1.42
Income (loss) per share from discontinued operations (in dollars per share) 0.00 (0.04) 0.00 (0.04)
Net income per share - basic (in dollars per share) 0.85 0.76 1.54 1.38
Net Income per Share – Diluted:        
Income per share from continuing operations (in dollars per share) 0.85 0.80 1.54 1.41
Income (loss) per share from discontinued operations (in dollars per share) 0.00 (0.04) 0.00 (0.04)
Net income per share - diluted (in dollars per share) $ 0.85 $ 0.76 $ 1.54 $ 1.37
Weighted Average Shares Outstanding:        
Basic (in shares) 30,313,200 30,274,300 30,304,100 30,226,600
Diluted (in shares) 30,447,700 30,397,000 30,435,200 30,345,400