XML 40 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS        
Net sales $ 214.1 $ 206.3 $ 639.6 $ 616.2
Cost of products sold 177.0 170.6 516.2 494.8
Gross profit 37.1 35.7 123.4 121.4
Selling, general and administrative expenses 19.8 18.5 60.0 57.1
Integration/restructuring costs (Note 3) 0.4 0.3 0.6 4.7
SERP settlement charge (Note 7)     0.2 3.5
Loss on early extinguishment of debt     0.5 0.2
Other expense - net 0.5 0.6 0.9 1.4
Operating income 16.4 16.3 61.2 54.5
Interest expense - net 2.6 3.3 8.3 10.4
Income from continuing operations before income taxes 13.8 13.0 52.9 44.1
Provision for income taxes 2.4 3.8 16.6 13.3
Income from continuing operations 11.4 9.2 36.3 30.8
Income (loss) from discontinued operations, net of income taxes (Note 12)   (0.1) 2.6 (0.1)
Net income $ 11.4 $ 9.1 $ 38.9 $ 30.7
Basic        
Continuing operations (in dollars per share) $ 0.69 $ 0.56 $ 2.22 $ 1.90
Discontinued operations (in dollars per share)     $ 0.16  
Total Basic (in dollars per share) $ 0.69 $ 0.56 $ 2.38 $ 1.90
Diluted        
Continuing operations (in dollars per share) $ 0.68 $ 0.55 $ 2.18 $ 1.87
Discontinued operations (in dollars per share)     $ 0.16  
Total Diluted (in dollars per share) $ 0.68 $ 0.55 $ 2.34 $ 1.87
Weighted Average Common Shares Outstanding (in thousands)        
Basic (in shares) 16,089 15,828 16,016 15,655
Diluted (in shares) 16,469 16,145 16,338 15,982
Cash Dividends Declared Per Share of Common Stock (in dollars per share) $ 0.20 $ 0.12 $ 0.50 $ 0.36