XML 25 R2.htm IDEA: XBRL DOCUMENT v3.6.0.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Income Statement [Abstract]      
Net sales $ 941.5 $ 887.7 $ 839.7
Cost of products sold 727.0 692.3 668.9
Gross profit 214.5 195.4 170.8
Selling, general and administrative expenses 92.2 86.5 78.0
Integration/restructuring costs 7.0 6.5 2.3
Pension plan settlement charge 0.8 0.0 3.5
Loss on early extinguishment of debt 0.0 0.0 0.2
Other expense — net 0.4 1.0 0.2
Operating income 114.1 101.4 86.6
Interest expense 11.2 11.7 11.4
Interest income (0.1) (0.2) (0.3)
Income from continuing operations before income taxes 103.0 89.9 75.5
Provision for income taxes 29.6 29.4 7.5
Income from continuing operations 73.4 60.5 68.0
Income (loss) from discontinued operations, net of income taxes (0.4) (9.4) 0.7
Net income $ 73.0 $ 51.1 $ 68.7
Basic      
Continuing operations (in dollars per share) $ 4.33 $ 3.58 $ 4.05
Discontinued operations (in dollars per share) (0.02) (0.56) 0.04
Basic (in dollars per share) 4.31 3.02 4.09
Diluted      
Continuing operations (in dollars per share) 4.26 3.53 3.99
Discontinued operations (in dollars per share) (0.02) (0.55) 0.04
Diluted (in dollars per share) $ 4.24 $ 2.98 $ 4.03
Weighted Average Common Shares Outstanding (in thousands)      
Basic (in shares) 16,773 16,754 16,584
Diluted (in shares) 17,087 17,012 16,872