XML 21 R3.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ 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 $ 517.8 $ 366.9 $ 928.3 $ 751.0
Cost of products sold 353.7 256.9 648.7 528.8
Gross profit 164.1 110.0 279.6 222.2
Operating costs and expenses:        
Selling, general and administrative expenses 97.7 77.2 191.7 163.3
Amortization of intangibles 11.6 7.8 23.6 16.2
Restructuring charges 0.0 6.5 3.9 6.8
Change in fair value of contingent consideration 4.9 0.0 11.6 0.0
Total operating costs and expenses 114.2 91.5 230.8 186.3
Operating income [1] 49.9 18.5 48.8 35.9
Non-operating expense (income):        
Interest expense 11.6 9.9 24.8 18.5
Interest income (0.5) (0.3) (0.6) (0.6)
Non-operating pension income (2.5) (1.5) (3.3) (3.0)
Other (income) expense, net (9.0) 1.2 3.9 0.7
Income before income tax 50.3 9.2 24.0 20.3
Income tax expense (benefit) 1.7 3.8 (4.2) 6.9
Net income $ 48.6 $ 5.4 $ 28.2 $ 13.4
Basic income per share:        
Basic income per share (in USD per share) $ 0.51 $ 0.06 $ 0.30 $ 0.14
Diluted income per share:        
Diluted income per share (in USD per share) $ 0.50 $ 0.06 $ 0.29 $ 0.14
Weighted average number of shares outstanding:        
Basic (shares) 95.5 94.5 95.3 95.3
Diluted (shares) 97.2 95.2 96.9 96.3
[1] Operating income (loss) is defined as i) net sales; ii) less cost of products sold; iii) less selling, general and administrative expenses; iv) less amortization of intangibles; v) less restructuring charges; and vi) less change in the fair value of contingent consideration.