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Condensed Consolidated Statements of Income (Unaudited) (USD $)
In Millions, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Net Sales $ 203.6 $ 196.5 $ 408.3 $ 391.0
Cost of products sold 144.4 131.6 291.5 263.4
Gross Profit 59.2 64.9 116.8 127.6
Selling expense 5.5 5.5 11.0 10.5
Research expense 4.2 3.7 8.3 7.5
General expense 15.8 12.9 30.6 23.5
Total nonmanufacturing expenses 25.5 22.1 49.9 41.5
Restructuring and impairment expense 3.2 0.7 3.3 2.3
Operating Profit 30.5 42.1 63.6 83.8
Interest expense 2.1 0.7 3.6 1.4
Other income, net 2.8 1.2 3.6 2.5
Income from Continuing Operations before Income Taxes and Income from Equity Affiliates 31.2 42.6 63.6 84.9
Provision for income taxes 6.5 13.8 16.3 26.2
Income from equity affiliates 0.3 0.6 0.9 1.4
Income from Continuing Operations 25.0 29.4 48.2 60.1
Loss from Discontinued Operations 0 (2.8) 0 (3.4)
Net Income $ 25.0 $ 26.6 $ 48.2 $ 56.7
Net Income (Loss) per Share - Basic:        
Income per share from continuing operations $ 0.82 $ 0.94 $ 1.57 $ 1.92
Loss per share from discontinued operations $ 0.00 $ (0.09) $ 0.00 $ (0.11)
Net income per share - basic $ 0.82 $ 0.85 $ 1.57 $ 1.81
Net Income (Loss) per Share - Diluted:        
Income per share from continuing operations $ 0.81 $ 0.93 $ 1.56 $ 1.91
Loss per share from discontinued operations $ 0.00 $ (0.09) $ 0.00 $ (0.11)
Net income per share - diluted $ 0.81 $ 0.84 $ 1.56 $ 1.80
Weighted Average Shares Outstanding:        
Basic 30,096,500 31,097,300 30,379,700 31,021,900
Diluted 30,210,700 31,259,500 30,492,900 31,184,600