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Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Income Statement [Abstract]    
Net sales $ 233.3 $ 214.6
Cost of products sold 170.2 151.1
Gross profit 63.1 63.5
Selling expense 8.3 6.4
Research expense 4.4 4.3
General expense 22.7 19.4
Total nonmanufacturing expenses 35.4 30.1
Restructuring and impairment expense 1.1 1.8
Operating profit 26.6 31.6
Interest expense 5.8 4.6
Other (expense) income, net (0.1) 2.3
Income from continuing operations before income taxes and income from equity affiliates 20.7 29.3
Provision for income taxes 7.1 8.1
Income (loss) from equity affiliates, net of income taxes 0.1 (0.1)
Income from continuing operations 13.7 21.1
Income (loss) from discontinued operations 0.0 0.0
Net income $ 13.7 $ 21.1
Net income per share - basic:    
Income per share from continuing operations (in dollars per share) $ 0.45 $ 0.69
Income (loss) per share from discontinued operations (in dollars per share) 0.00 0.00
Net income per share - basic (in dollars per share) 0.45 0.69
Net income per share – diluted:    
Income per share from continuing operations (in dollars per share) 0.45 0.69
Income (loss) per share from discontinued operations (in dollars per share) 0.00 0.00
Net income per share - diluted (in dollars per share) $ 0.45 $ 0.69
Weighted average shares outstanding:    
Basic (in shares) 30,364,700 30,294,900
Diluted (in shares) 30,487,300 30,422,700