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Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Income Statement [Abstract]        
Net Sales $ 209.3 $ 184.4 $ 641.2 $ 554.3
Cost of products sold 146.2 132.0 447.7 395.7
Gross Profit 63.1 52.4 193.5 158.6
Selling expense 6.0 5.5 18.8 16.0
Research expense 4.2 3.5 12.9 10.5
General expense 20.8 10.3 57.9 43.3
Total nonmanufacturing expenses 31.0 19.3 89.6 69.8
Restructuring and impairment expense 1.3 1.3 4.0 10.5
Operating Profit 30.8 31.8 99.9 78.3
Interest expense 3.9 1.7 12.6 5.3
Other income, net 0.7 1.3 4.0 9.5
Income from Continuing Operations before Income Taxes and Income from Equity Affiliates 27.6 31.4 91.3 82.5
Provision for income taxes 10.7 5.9 27.9 17.9
Income from equity affiliates, net of income taxes 1.8 0.1 2.4 4.3
Income from Continuing Operations 18.7 25.6 65.8 68.9
Loss from Discontinued Operations 0.0 (0.2) 0.0 0.9
Net Income $ 18.7 $ 25.8 $ 65.8 $ 68.0
Net Income per Share - Basic:        
Income per share from continuing operations (in dollars per share) $ 0.62 $ 0.84 $ 2.16 $ 2.26
Income (loss) per share from discontinued operations (in dollars per share) 0.00 0.01 0.00 (0.03)
Net income per share - basic (in dollars per share) 0.62 0.85 2.16 2.23
Net Income per Share – Diluted:        
Income per share from continuing operations (in dollars per share) 0.61 0.84 2.15 2.25
Income (loss) per share from discontinued operations (in dollars per share) 0.00 0.01 0.00 (0.03)
Net income per share - diluted (in dollars per share) $ 0.61 $ 0.85 $ 2.15 $ 2.22
Weighted Average Shares Outstanding:        
Basic (in shares) 30,316,400 30,275,400 30,308,200 30,243,000
Diluted (in shares) 30,458,800 30,408,600 30,443,100 30,366,600