Background and Basis of Presentation (Tables)

3 Months Ended

Mar. 31, 2015

Background and Basis of Presentation

Schedule of computation of basic and diluted EPS

The following table presents the computation of basic and diluted EPS (dollars in millions except per share amounts, shares in thousands):

Earnings Per Basic Common Share

	Three Months Ended March 31,
	2015			2014
Net income	$	16.3		$	13.2
Distributed and undistributed amounts allocated to participating securities	(0.2		)	(0.2		)
Net income available to common stockholders	$	16.1		$	13.0
Weighted-average basic shares outstanding	16,737			16,459
Basic	$	0.96		$	0.79

Earnings Per Diluted Common Share

	Three Months Ended March 31,
	2015			2014
Net income	$	16.3		$	13.2
Distributed and undistributed amounts allocated to participating securities	(0.2		)	(0.2		)
Net income available to common stockholders	$	16.1		$	13.0
Weighted-average basic shares outstanding	16,737			16,459
Add: Assumed incremental shares under stock compensation plans	251			310
Weighted-average diluted shares	16,988			16,769
Diluted	$	0.95		$	0.78

Schedule of the carrying value and the fair value of the Company's debt

	March 31, 2015				December 31, 2014
	Carrying Value		Fair Value (a)		Carrying Value		Fair Value (a)
2021 Senior Notes (5.25% fixed rate)	$	175.0	$	172.4	$	175.0	$	169.6
Global Revolving Credit Facilities (variable rates)	39.1		39.1		48.7		48.7
Second German Loan Agreement (2.5% fixed rate)	9.1		9.0		10.6		9.0
Total debt	$	223.2	$	220.5	$	234.3	$	227.3

(a) The fair value for all debt instruments was estimated from Level 2 measurements.