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Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Income Statement [Abstract]        
Revenues $ 260.3 $ 257.8 $ 792.6 $ 746.4
Cost of products sold 195.0 181.8 577.9 530.1
Gross profit 65.3 76.0 214.7 216.3
Selling expense 8.9 8.1 27.2 24.6
Research expense 3.6 3.9 11.8 12.9
General expense 21.3 23.2 66.1 67.4
Total nonmanufacturing expenses 33.8 35.2 105.1 104.9
Restructuring and impairment expense 0.4 1.5 1.4 4.2
Operating profit 31.1 39.3 108.2 107.2
Interest expense 7.3 7.4 20.1 20.0
Other income, net 11.2 3.3 10.4 0.6
Income from continuing operations before income taxes and income from equity affiliates 35.0 35.2 98.5 87.8
(Benefit) provision for income taxes (5.6) 9.5 10.4 26.5
Income (loss) from equity affiliates, net of income taxes 0.3 0.0 (0.5) 0.4
Income from continuing operations 40.9 25.7 87.6 61.7
Income (loss) from discontinued operations 0.1 0.1 (0.3) 0.1
Net income $ 41.0 $ 25.8 $ 87.3 $ 61.8
Net income per share - basic:        
Income per share from continuing operations (in dollars per share) $ 1.33 $ 0.84 $ 2.85 $ 2.02
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) 1.33 0.84 2.84 2.02
Net income per share – diluted:        
Income per share from continuing operations (in dollars per share) 1.33 0.84 2.84 2.01
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) $ 1.33 $ 0.84 $ 2.83 $ 2.01
Weighted average shares outstanding:        
Diluted (in shares) 30,722,800 30,569,500 30,683,100 30,534,700
Basic (in shares) 30,569,600 30,422,800 30,541,600 30,400,400