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Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Income Statement [Abstract]        
Net sales $ 255.3 $ 217.3 $ 488.6 $ 431.9
Cost of products sold 178.7 150.4 348.9 301.5
Gross profit 76.6 66.9 139.7 130.4
Selling expense 8.2 6.4 16.5 12.8
Research expense 4.6 4.4 9.0 8.7
General expense 22.7 17.7 45.4 37.1
Total nonmanufacturing expenses 35.5 28.5 70.9 58.6
Restructuring and impairment expense 1.6 0.9 2.7 2.7
Operating profit 39.5 37.5 66.1 69.1
Interest expense 6.8 4.1 12.6 8.7
Other (expense) income, net (0.8) 1.0 (0.9) 3.3
Income from continuing operations before income taxes and income from equity affiliates 31.9 34.4 52.6 63.7
Provision for income taxes 9.9 9.1 17.0 17.2
Income from equity affiliates, net of income taxes 0.3 0.7 0.4 0.6
Income from continuing operations 22.3 26.0 36.0 47.1
Income (loss) from discontinued operations 0.0 0.0 0.0 0.0
Net income $ 22.3 $ 26.0 $ 36.0 $ 47.1
Net income per share - basic:        
Income per share from continuing operations (in dollars per share) $ 0.73 $ 0.85 $ 1.18 $ 1.54
Income (loss) per share from discontinued operations (in dollars per share) 0.00 0.00 0.00 0.00
Net income per share - basic (in dollars per share) 0.73 0.85 1.18 1.54
Net income per share – diluted:        
Income per share from continuing operations (in dollars per share) 0.72 0.85 1.17 1.54
Income (loss) per share from discontinued operations (in dollars per share) 0.00 0.00 0.00 0.00
Net income per share - diluted (in dollars per share) $ 0.72 $ 0.85 $ 1.17 $ 1.54
Weighted average shares outstanding:        
Basic (in shares) 30,412,900 30,313,200 30,389,000 30,304,100
Diluted (in shares) 30,546,700 30,447,700 30,517,100 30,435,200