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Condensed Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Income Statement [Abstract]        
Net sales $ 256.4 $ 260.3 $ 784.3 $ 792.6
Cost of products sold 184.2 195.0 565.2 577.9
Gross profit 72.2 65.3 219.1 214.7
Selling expense 8.6 8.9 25.8 27.2
Research expense 3.1 3.6 10.1 11.8
General expense 24.3 21.3 72.0 66.1
Total nonmanufacturing expenses 36.0 33.8 107.9 105.1
Restructuring and impairment expense 1.6 0.4 2.0 1.4
Operating profit 34.6 31.1 109.2 108.2
Interest expense 6.7 7.3 29.6 20.1
Other income (expense), net 1.7 11.2 (1.6) 10.4
Income from continuing operations before income taxes and income from equity affiliates 29.6 35.0 78.0 98.5
Provision (benefit) for income taxes 3.2 (5.6) 12.8 10.4
Income (loss) from equity affiliates, net of income taxes 1.3 0.3 0.4 (0.5)
Income from continuing operations 27.7 40.9 65.6 87.6
Income (loss) from discontinued operations 0.0 0.1 0.0 (0.3)
Net income $ 27.7 $ 41.0 $ 65.6 $ 87.3
Net income per share - basic:        
Income per share from continuing operations (in dollars per share) $ 0.90 $ 1.33 $ 2.13 $ 2.85
Income (loss) per share from discontinued operations (in dollars per share) 0 0 0 (0.01)
Net income per share - basic (in dollars per share) 0.90 1.33 2.13 2.84
Net income per share – diluted:        
Income per share from continuing operations (in dollars per share) 0.90 1.33 2.12 2.84
Income (loss) per share from discontinued operations (in dollars per share) 0 0 0 (0.01)
Net income per share - diluted (in dollars per share) $ 0.90 $ 1.33 $ 2.12 $ 2.83
Weighted average shares outstanding:        
Diluted (in shares) 30,831,900 30,722,800 30,804,700 30,683,100
Basic (in shares) 30,662,800 30,569,600 30,648,400 30,541,600