XML 16 R2.htm IDEA: XBRL DOCUMENT v3.20.4
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Income Statement [Abstract]      
Net sales $ 324.8 $ 373.4 $ 401.9
Cost of sales (243.9) (269.7) (284.0)
Gross profit 80.9 103.7 117.9
Selling, general and administrative expenses (39.8) (49.7) (54.6)
Research and development (3.3) (5.7) (6.3)
Restructuring charges (8.9) (25.9) (13.2)
Impairment credit / (charges) 0.0 0.2 (5.9)
Acquisition related costs 0.0 (1.4) (4.3)
Other charges (0.4) (2.5) 0.0
Operating income 28.5 18.7 33.6
Interest expense (5.0) (4.5) (4.9)
Interest income 0.0 0.1 0.4
Defined benefit pension credit 4.3 1.3 4.7
Income before income taxes and equity in net (loss) / income of affiliates 27.8 15.6 33.8
Provision for income taxes (6.9) (7.6) (6.5)
Income before equity in net (loss) / income of affiliates 20.9 8.0 27.3
Equity in (loss) / income of affiliates (net of tax) (0.1) 0.7 0.4
Net income from continuing operations 20.8 8.7 27.7
Net loss from discontinued operations (0.8) (5.6) (2.7)
Net income $ 20.0 $ 3.1 $ 25.0
Earnings Per Share, Basic [Abstract]      
Basic from continuing operations (in usd per share) [1] $ 0.75 $ 0.32 $ 1.04
Basic from discontinued operations (in usd per share) [1] (0.03) (0.21) (0.10)
Basic (in usd per share) [1] 0.73 0.11 0.94
Earnings Per Share, Diluted [Abstract]      
Diluted from continuing operations (in usd per share) [1] 0.74 0.31 1.00
Diluted from discontinued operations (in usd per share) [1] (0.03) (0.21) (0.10)
Diluted (in usd per share) [1] $ 0.72 $ 0.11 $ 0.90
Weighted average ordinary shares outstanding      
Basic (in shares) 27,557,219 27,289,042 26,708,469
Diluted (in shares) 27,971,382 27,882,864 27,692,262
[1] (1) The calculation of earnings per share is performed separately for continuing and discontinued operations. As a result, the sum of the two in any particular year may not equal the earnings-per-share amount in total.