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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
Net sales $ 190.7 $ 231.8 $ 585.7 $ 724.9
Cost of products sold 155.5 187.1 475.1 585.8
Gross profit 35.2 44.7 110.6 139.1
Selling, general and administrative expenses 19.1 23.1 66.5 75.3
Asset restructuring and impairment costs (Note 10) 0.0 2.4 55.3 4.4
Other restructuring and non-routine costs 1.4 0.0 4.1 1.5
COVID-19 costs 0.6 0.0 2.1 0.0
Loss on debt extinguishment (Note 5) 0.0 0.0 1.9 0.0
Acquisition and due diligence costs 0.0 0.0 1.1 0.0
Pension settlement and other benefit costs (Note 6) 0.0 0.1 0.0 0.1
Other expense - net 0.2 0.1 0.6 1.6
Operating income (loss) 13.9 19.0 (21.0) 56.2
Interest expense - net 3.6 2.8 9.5 9.0
Income (loss) before income taxes 10.3 16.2 (30.5) 47.2
Provision (benefit) for income taxes 2.4 1.8 (4.7) 7.4
Net income (loss) $ 7.9 $ 14.4 $ (25.8) $ 39.8
Earnings (Loss) Per Common Share        
Basic (in usd per share) $ 0.46 $ 0.85 $ (1.55) $ 2.35
Diluted (in usd per share) $ 0.46 $ 0.84 $ (1.55) $ 2.33
Weighted Average Common Shares Outstanding (in thousands)        
Basic (in shares) 16,802 16,837 16,810 16,850
Diluted (in shares) 16,821 16,905 16,810 16,910
Cash dividends declared per share of common stock (in usd per share) $ 0.47 $ 0.45 $ 1.41 $ 1.35