XML 26 R2.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS        
Net sales $ 224.1 $ 230.4 $ 452.3 $ 455.5
Cost of products sold 174.9 183.2 352.2 364.9
Gross profit 49.2 47.2 100.1 90.6
Selling, general and administrative expenses 20.8 20.4 42.7 40.3
Restructuring Costs   0.7   1.0
Other expense - net 0.5 0.2 0.7 0.4
Operating income 27.9 25.9 56.7 48.9
Interest expense - net 2.8 2.9 5.8 5.7
Income from operations before income taxes 25.1 23.0 50.9 43.2
Provision for income taxes 8.4 8.0 17.9 15.0
Net income $ 16.7 $ 15.0 $ 33.0 $ 28.2
Basic earning per share        
Basic (in dollars per share) $ 0.98 $ 0.89 $ 1.95 $ 1.68
Diluted earning per Share        
Diluted (in dollars per share) $ 0.97 $ 0.88 $ 1.92 $ 1.66
Weighted Average Common Shares Outstanding (in thousands)        
Basic (in shares) 16,735 16,585 16,739 16,510
Diluted (in shares) 16,957 16,855 16,994 16,800
Cash Dividends Declared Per Share of Common Stock (in dollars per share) $ 0.30 $ 0.24 $ 0.60 $ 0.48