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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Net sales $ 384.1 $ 393.9
Cost of products sold 271.9 268.1
Gross profit 112.2 125.8
Operating costs and expenses:    
Selling, general and administrative expenses 86.1 95.9
Amortization of intangibles 8.4 9.3
Restructuring charges 0.3 2.7
Total operating costs and expenses 94.8 107.9
Operating income [1] 17.4 17.9
Non-operating expense (income):    
Interest expense 8.6 10.4
Interest income (0.3) (0.9)
Non-operating pension income (1.5) (1.4)
Other income, net (0.5) (0.2)
Income before income tax 11.1 10.0
Income tax expense 3.1 10.6
Net income (loss) $ 8.0 $ (0.6)
Basic income per share:    
Basic income (loss) per share $ 0.08 $ (0.01)
Diluted income per share:    
Diluted income (loss) per share $ 0.08 $ (0.01)
Weighted average number of shares outstanding:    
Basic 96.0 102.3
Diluted 97.5 102.3 [2]
[1]
Operating income as presented in the segment table above is defined as i) net sales; ii) less cost of products sold; iii) less selling, general and administrative expenses; iv) less amortization of intangibles; and v) less restructuring charges.
[2]
(1)
Due to the net loss during the three months ended March 31, 2019, the denominator in the diluted earnings per share calculation does not include the effects of the stock awards for which the average market price for the period exceeds the exercise price, as it would result in a less dilutive computation. As a result, reported diluted earnings per share for the three months ended March 31, 2019 are the same as basic earnings per share.