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Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Income Statement [Abstract]        
Net sales $ 269.9 $ 270.4 $ 527.9 $ 532.3
Cost of products sold 190.9 193.0 381.0 382.9
Gross profit 79.0 77.4 146.9 149.4
Selling expense 8.6 9.2 17.2 18.3
Research expense 3.7 4.1 7.0 8.2
General expense 22.1 21.4 47.7 44.8
Total nonmanufacturing expenses 34.4 34.7 71.9 71.3
Restructuring and impairment expense 0.4 0.6 0.4 1.0
Operating profit 44.2 42.1 74.6 77.1
Interest expense 15.1 6.6 22.9 12.8
Other (expense), net (2.7) (0.5) (3.3) (0.8)
Income from continuing operations before income taxes and income from equity affiliates 26.4 35.0 48.4 63.5
Provision for income taxes 5.2 8.7 9.6 16.0
(Loss) from equity affiliates, net of income taxes (0.7) (0.5) (0.9) (0.8)
Income from continuing operations 20.5 25.8 37.9 46.7
(Loss) from discontinued operations 0.0 0.0 0.0 (0.4)
Net income $ 20.5 $ 25.8 $ 37.9 $ 46.3
Net income per share - basic:        
Income per share from continuing operations (in dollars per share) $ 0.66 $ 0.84 $ 1.23 $ 1.52
Income (loss) per share from discontinued operations (in dollars per share) 0 0 0 (0.01)
Net income per share - basic (in dollars per share) 0.66 0.84 1.23 1.51
Net income per share – diluted:        
Income per share from continuing operations (in dollars per share) 0.66 0.83 1.22 1.51
Income (loss) per share from discontinued operations (in dollars per share) 0 0 0 (0.01)
Net income per share - diluted (in dollars per share) $ 0.66 $ 0.83 $ 1.22 $ 1.50
Weighted average shares outstanding:        
Diluted (in shares) 30,809,300 30,705,900 30,791,000.0 30,663,000
Basic (in shares) 30,661,400 30,565,800 30,641,100 30,527,400