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Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]        
Net sales $ 377.8 $ 254.2 $ 666.0 $ 515.7
Cost of products sold 289.7 179.9 497.1 367.1
Gross profit 88.1 74.3 168.9 148.6
Selling expense 11.9 8.8 21.0 18.3
Research and development expense 5.4 3.6 9.2 6.8
General expense 52.6 25.9 85.3 53.3
Total nonmanufacturing expenses 69.9 38.3 115.5 78.4
Restructuring and impairment expense 2.3 1.6 4.0 1.7
Operating profit 15.9 34.4 49.4 68.5
Interest expense 13.1 8.1 16.0 15.0
Other (expense) income, net (0.3) (0.3) (2.9) 0.3
Income before income taxes and income from equity affiliates 2.5 26.0 30.5 53.8
Provision for income taxes 3.5 5.4 10.9 10.7
Income from equity affiliates, net of income taxes 2.8 0.9 3.8 0.9
Net income $ 1.8 $ 21.5 $ 23.4 $ 44.0
Net income per share - basic:        
Net income per share - basic (in dollars per share) $ 0.06 $ 0.69 $ 0.75 $ 1.41
Net income per share – diluted:        
Net income per share - diluted (in dollars per share) $ 0.06 $ 0.68 $ 0.74 $ 1.40
Weighted average shares outstanding:        
Basic (in shares) 31,045,100 30,792,600 31,009,900 30,752,500
Diluted (in shares) 31,402,400 31,006,700 31,371,700 30,958,400