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Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Operations        
Net sales $ 457.7 $ 477.7 $ 885.1 $ 884.4
Cost of sales 369.5 382.8 715.0 714.1
Gross profit 88.2 94.9 170.1 170.3
Operating costs and expenses:        
Engineering, selling and administrative expenses 73.4 79.5 145.8 162.2
Amortization expense 0.8 0.7 1.5 1.5
Restructuring expense 8.8 0.6 13.2 0.8
Other 0.4 (0.1) 1.8 (0.1)
Total operating costs and expenses 83.4 80.7 162.3 164.4
Operating income 4.8 14.2 7.8 5.9
Other income (expense):        
Interest expense (9.9) (24.0) (19.6) (47.3)
Amortization of deferred financing fees (0.4) (1.0) (1.3) (2.1)
Loss on debt extinguishment 0.0 0.0 (76.3) 0.0
Other income - net 2.1 2.8 3.2 2.6
Total other expense (8.2) (22.2) (94.0) (46.8)
Loss from continuing operations before taxes on income (3.4) (8.0) (86.2) (40.9)
Provision (benefit) for taxes on income 0.7 (1.7) 122.2 (11.2)
Loss from continuing operations (4.1) (6.3) (208.4) (29.7)
Discontinued operations:        
(Loss) income from discontinued operations, net of income taxes of $0.0, $16.5, ($1.3) and $24.7, respectively (0.8) 29.6 (4.0) 44.6
Net (loss) income $ (4.9) $ 23.3 $ (212.4) $ 14.9
Basic (loss) income per common share:        
Loss from continuing operations (in dollars per share) $ (0.03) $ (0.05) $ (1.52) $ (0.22)
(Loss) income from discontinued operations (in dollars per share) (0.01) 0.22 (0.03) 0.33
Basic (loss) income per common share (in dollars per share) (0.04) 0.17 (1.55) 0.11
Diluted (loss) income per common share:        
Loss from continuing operations (in dollars per share) (0.03) (0.05) (1.52) (0.22)
(Loss) income from discontinued operations (in dollars per share) (0.01) 0.21 (0.03) 0.32
Diluted (loss) income per common share (in dollars per share) $ (0.04) $ 0.17 $ (1.55) $ 0.11
Weighted average shares outstanding — basic (in shares) 137,138,220 136,130,861 136,869,066 135,887,738
Weighted average shares outstanding — diluted (in shares) 137,138,220 137,985,899 136,869,066 137,431,565