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Consolidated Statements of (Loss) Income - USD ($)
shares in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]      
Net sales $ 1,947,600,000 $ 2,025,300,000 $ 1,655,200,000
Cost of products sold 1,395,300,000 1,410,400,000 1,162,800,000
Gross profit 552,300,000 614,900,000 492,400,000
Operating costs and expenses:      
Selling, general and administrative expenses 376,700,000 392,600,000 336,300,000
Amortization of intangibles 41,500,000 46,300,000 32,800,000
Restructuring charges 9,600,000 6,000,000.0 10,900,000
Goodwill impairment 98,700,000 0 0
Change in fair value of contingent consideration (9,000,000.0) 19,000,000.0 0
Total operating costs and expenses 517,500,000 463,900,000 380,000,000.0
Operating income [1] 34,800,000 151,000,000.0 112,400,000
Non-operating expense (income):      
Interest expense 45,600,000 46,300,000 38,800,000
Interest income (8,300,000) (1,900,000) (1,000,000.0)
Non-operating pension income (4,500,000) (7,900,000) (5,600,000)
Other (income) expense, net (12,900,000) 3,100,000 1,600,000
Income before income tax 14,900,000 111,400,000 78,600,000
Income tax expense 28,100,000 9,500,000 16,600,000
Net (loss) income $ (13,200,000) $ 101,900,000 $ 62,000,000.0
Per share:      
Basic income per share (in dollars per share) $ (0.14) $ 1.07 $ 0.65
Diluted income per share (in dollars per share) $ (0.14) $ 1.05 $ 0.65
Weighted average number of shares outstanding:      
Basic (in shares) 95.3 95.5 94.9
Diluted (in shares) [2] 95.3 97.1 96.1
[1] Operating income as presented in the segment table above is defined as i) net sales; ii) less cost of products sold; iii) less SG&A expenses; iv) less amortization of intangibles; v) less restructuring charges; and vi) less change in the fair value of contingent consideration.
[2] Due to the net loss during the twelve months ended December 31, 2022, 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
exercised price, as it would result in a less dilutive computation. As a result, diluted earnings per share for the twelve months ended December 31, 2022 are the same as basic earnings per share.