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Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Net sales $ 723.8 $ 790.3
Cost of goods sold 558.1 588.7
Gross profit 165.7 201.6
Operating Expenses:    
Selling, general and administrative expenses 131.1 145.8
(Gains) losses and other expenses, net (1.0) 1.1
Restructuring charges (0.5) (0.5)
Loss on sale of business 0.0 8.5
Insurance proceeds for lost profits 0.0 39.5
Loss (gain) from natural disaster, net of insurance recoveries (1.6) 6.9
Income from equity method investments (2.9) (2.6)
Operating income 36.4 94.7
Interest expense, net 8.7 10.9
Other expense (income), net 1.2 0.8
Income from continuing operations before income taxes 26.5 83.0
Provision for income taxes 14.0 13.6
Income from continuing operations 12.5 69.4
Discontinued Operations:    
Loss from discontinued operations before income taxes 0.0 (0.1)
Income tax benefit (0.4) 0.0
Income (loss) from discontinued operations 0.4 (0.1)
Net income $ 12.9 $ 69.3
Earnings per share – Basic:    
Income from continuing operations (in dollars per share) $ 0.33 $ 1.75
Loss from discontinued operations (in dollars per share) 0.01 0
Net income (in dollars per share) 0.34 1.75
Earnings per share – Diluted:    
Income from continuing operations (in dollars per share) 0.32 1.73
Loss from discontinued operations (in dollars per share) 0.01 0
Net income (in dollars per share) $ 0.33 $ 1.73