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Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Income Statement [Abstract]        
Revenues $ 270.4 $ 255.3 $ 532.3 $ 488.6
Cost of Goods and Services Sold 193.0 178.4 382.9 348.3
Gross profit 77.4 76.9 149.4 140.3
Selling expense 9.2 8.2 18.3 16.5
Research expense 4.1 4.6 8.2 9.0
General expense 21.4 22.2 44.8 44.2
Total nonmanufacturing expenses 34.7 35.0 71.3 69.7
Restructuring and impairment expense 0.6 1.6 1.0 2.7
Operating profit 42.1 40.3 77.1 67.9
Interest expense 6.6 6.8 12.8 12.6
Other (expense), net (0.5) (1.6) (0.8) (2.7)
Income from continuing operations before income taxes and income from equity affiliates 35.0 31.9 63.5 52.6
Provision for income taxes 8.7 9.9 16.0 17.0
Income (Loss) from Equity Method Investments (0.5) 0.3 (0.8) 0.4
Income from continuing operations 25.8 22.3 46.7 36.0
Loss from discontinued operations 0.0 0.0 (0.4) 0.0
Net income $ 25.8 $ 22.3 $ 46.3 $ 36.0
Net income per share - basic:        
Income per share from continuing operations (in dollars per share) $ 0.84 $ 0.73 $ 1.52 $ 1.18
Income (loss) per share from discontinued operations (in dollars per share) 0.00 0.00 (0.01) 0.00
Net income per share - basic (in dollars per share) 0.84 0.73 1.51 1.18
Net income per share – diluted:        
Income per share from continuing operations (in dollars per share) 0.83 0.72 1.51 1.17
Income (loss) per share from discontinued operations (in dollars per share) 0.00 0.00 (0.01) 0.00
Net income per share - diluted (in dollars per share) $ 0.83 $ 0.72 $ 1.50 $ 1.17
Weighted average shares outstanding:        
Diluted (in shares) 30,705,900 30,546,700 30,663,000 30,517,100
Basic (in shares) 30,565,800 30,412,900 30,527,400 30,389,000