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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Net sales $ 161.4 $ 253.4 $ 395.0 $ 493.1
Cost of products sold 140.0 202.7 319.6 398.7
Gross profit 21.4 50.7 75.4 94.4
Selling, general and administrative expenses 20.8 26.9 47.4 52.2
Asset restructuring and impairment costs (Note 10) 55.3 2.0 55.3 2.0
Other restructuring and non-routine costs 1.3 1.5 2.7 1.5
Loss on debt extinguishment (Note 5) 1.9 0.0 1.9 0.0
COVID-19 costs 0.4 0.0 1.5 0.0
Acquisition and due diligence costs 0.1 0.0 1.1 0.0
Other expense - net 0.1 0.5 0.4 1.5
Operating income (loss) (58.5) 19.8 (34.9) 37.2
Interest expense - net 3.0 3.0 5.9 6.2
Income (loss) from continuing operations before income taxes (61.5) 16.8 (40.8) 31.0
Provision (benefit) for income taxes (11.4) 3.2 (7.1) 5.6
Net income (loss) $ (50.1) $ 13.6 $ (33.7) $ 25.4
Earnings (Loss) Per Common Share        
Basic (in usd per share) $ (2.98) $ 0.80 $ (2.01) $ 1.50
Diluted (in usd per share) $ (2.98) $ 0.80 $ (2.01) $ 1.49
Weighted Average Common Shares Outstanding (in thousands)        
Basic (in shares) 16,797 16,863 16,812 16,861
Diluted (in shares) 16,797 16,910 16,812 16,914
Cash dividends declared per share of common stock (in usd per share) $ 0.47 $ 0.45 $ 0.94 $ 0.90