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Background and Basis of Presentation (Tables)
 3 Months Ended
Mar. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
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,
 
 
2017
 
2016
Income from continuing operations
 
$
17.6

 
$
19.2

Amounts attributable to participating securities
 
(0.1
)
 
(0.2
)
Net income available to common stockholders
 
$
17.5

 
$
19.0

 
 
 
 
 
Weighted-average basic shares outstanding
 
16,779

 
16,778

 
 
 

 
 

Basic earnings per share
 
$
1.04

 
$
1.13

 


Earnings Per Diluted Common Share 
 
 
Three Months Ended March 31,
 
 
2017
 
2016
Income from continuing operations
 
$
17.6

 
$
19.2

Amounts attributable to participating securities
 
(0.1
)
 
(0.2
)
Net income available to common stockholders
 
$
17.5

 
$
19.0

 
 
 
 
 
Weighted-average basic shares outstanding
 
16,779

 
16,778

Add: Assumed incremental shares under stock compensation plans (a)
 
246

 
273

Weighted-average diluted shares
 
17,025

 
17,051

 
 
 

 
 

Diluted earnings per share
 
$
1.03

 
$
1.11

 
(a)         For the three months ended March 31, 2017 and 2016, there were 72,000 and 140,000 potentially dilutive options excluded from the computation of dilutive common shares because the exercise price of such options exceeded the average market price of the Company’s common stock.
Schedule of the carrying value and fair value of the Company's debt
The following table presents the carrying value and the fair value of the Company’s debt. 
 
 
March 31, 2017
 
December 31, 2016
 
 
Carrying
Value
 
Fair Value (a)(b)
 
Carrying
Value
 
Fair Value (a)(b)
2021 Senior Notes (5.25% fixed rate)
 
$
175.0

 
$
169.6

 
$
175.0

 
$
169.5

Global Revolving Credit Facilities (variable rates)
 
48.3

 
48.3

 
42.9

 
42.9

German loan agreement (2.45% fixed rate)
 
6.6

 
6.6

 
6.8

 
6.8

Total debt
 
$
229.9

 
$
224.5

 
$
224.7

 
$
219.2


(a)         The fair value for all debt instruments was estimated from Level 2 measurements.
(b)         The fair value of short and long-term debt is estimated using rates currently available to the Company for debt of the same remaining maturities.