Background and Basis of Presentation (Tables)

3 Months Ended

Mar. 31, 2020

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,
	2020			2019
Income from continuing operations	$	16.4		$	11.8
Amounts attributable to participating securities	(0.1		)	—
Net income available to common stockholders	$	16.3		$	11.8
Weighted-average basic shares outstanding	16,817			16,862
Basic earnings per share	$	0.97		$	0.70

Earnings Per Diluted Common Share 

	Three Months Ended March 31,
	2020			2019
Income from continuing operations	$	16.4		$	11.8
Amounts attributable to participating securities	(0.1		)	—
Net income available to common stockholders	$	16.3		$	11.8
Weighted-average basic shares outstanding	16,817			16,862
Add: Assumed incremental shares under stock compensation plans (a)	33			59
Weighted-average diluted shares	16,850			16,921
Diluted earnings per share	$	0.97		$	0.69

(a)        For the three months ended March 31, 2020 and 2019, there were 267,152 and 231,332 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.

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, 2020				December 31, 2019
	Carrying Value		Fair Value (a)		Carrying Value		Fair Value (a)
2021 Senior Notes (5.25% fixed rate)	$	175.0	$	174.3	$	175.0	$	174.3
Global Revolving Credit Facilities (variable rates)	93.0		93.0		21.6		21.6
German loan agreement (2.45% fixed rate)	3.4		3.5		3.5		3.6
German loan agreement (1.45% fixed rate)	3.6		3.7		3.7		3.7
Total debt	$	275.0	$	274.5	$	203.8	$	203.2

(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.