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Background and Basis of Presentation (Tables)
 9 Months Ended
Sep. 30, 2019
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 September 30,
 
Nine Months Ended September 30,
 
 
2019
 
2018
 
2019
 
2018
Income from continuing operations
 
$
14.4

 
$
12.9

 
$
39.8

 
$
24.3

Amounts attributable to participating securities
 
(0.1
)
 
(0.1
)
 
(0.2
)
 
(0.3
)
Income from continuing operations available to common stockholders
 
14.3

 
12.8

 
39.6

 
24.0

Loss from discontinued operations
 
—

 
(0.8
)
 
—

 
(0.8
)
Net income available to common stockholders
 
$
14.3

 
$
12.0

 
$
39.6

 
$
23.2

 
 
 
 
 
 
 
 
 
Weighted-average basic shares outstanding
 
16,837

 
16,849

 
16,850

 
16,848

 
 
 

 
 

 
 
 
 
Continuing operations
 
$
0.85

 
$
0.76

 
$
2.35

 
$
1.43

Discontinued operations
 
—

 
(0.05
)
 
—

 
(0.05
)
Basic earnings per share
 
$
0.85

 
$
0.71

 
$
2.35

 
$
1.38

 


Earnings Per Diluted Common Share 
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2019
 
2018
 
2019
 
2018
Income from continuing operations
 
$
14.4

 
$
12.9

 
$
39.8

 
$
24.3

Amounts attributable to participating securities
 
(0.1
)
 
(0.1
)
 
(0.2
)
 
(0.3
)
Income from continuing operations available to common stockholders
 
14.3

 
12.8

 
39.6

 
24.0

Loss from discontinued operations
 
—

 
(0.8
)
 
—

 
(0.8
)
Net income available to common stockholders
 
$
14.3

 
$
12.0

 
$
39.6

 
$
23.2

 
 
 
 
 
 
 
 
 
Weighted-average basic shares outstanding
 
16,837

 
16,849

 
16,850

 
16,848

Add: Assumed incremental shares under stock compensation plans (a)
 
68

 
139

 
60

 
136

Weighted-average diluted shares
 
16,905

 
16,988

 
16,910

 
16,984

 
 
 

 
 

 
 

 
 

Continuing operations
 
$
0.84

 
$
0.75

 
$
2.33

 
$
1.41

Discontinued operations
 
—

 
(0.05
)
 
—

 
(0.05
)
Diluted earnings per share
 
$
0.84

 
$
0.70

 
$
2.33

 
$
1.36

 
(a)        For the three months ended September 30, 2019 and 2018, there were 231,471 and 106,789 potentially dilutive options, respectively, 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.  For the nine months ended  September 30, 2019 and 2018, there were 231,199 and 143,853 potentially dilutive options, respectively, similarly excluded from the computation of dilutive common shares.
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. 
 
 
September 30, 2019
 
December 31, 2018
 
 
Carrying
Value
 
Fair Value (a)
 
Carrying
Value
 
Fair Value (a)
2021 Senior Notes (5.25% fixed rate)
 
$
175.0

 
$
174.3

 
$
175.0

 
$
170.5

Global Revolving Credit Facilities (variable rates)
 
25.1

 
25.1

 
57.9

 
57.9

German loan agreement (2.45% fixed rate)
 
3.7

 
3.8

 
4.8

 
5.1

German loan agreement (1.45% fixed rate)
 
4.0

 
4.0

 
4.9

 
4.9

Total debt
 
$
207.8

 
$
207.2

 
$
242.6

 
$
238.4


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