XML 15 R4.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Income Statement [Abstract]        
Net sales $ 466.5 $ 237.3 $ 949.3 $ 477.7
Cost of sales 299.5 159.1 607.4 325.2
Gross profit 167.0 78.2 341.9 152.5
Operating expenses:        
Selling, general and administrative expenses 92.0 43.4 182.9 90.5
Research and development expenses 14.7 6.2 30.0 12.7
Restructuring costs 3.2 0.6 5.5 1.5
Total operating expenses 109.9 50.2 218.4 104.7
Income from operations 57.1 28.0 123.5 47.8
Other non-operating income and expense:        
Loss on settlement of pension plan       5.1
Interest expense, net 18.6 2.1 38.4 3.9
Other non-operating expense/(income), net 0.4 (0.3) 1.5 (0.4)
Total other non-operating (income) expense, net 19.0 1.8 39.9 8.6
Income before income taxes 38.1 26.2 83.6 39.2
Provision for income taxes 9.1 7.2 19.4 11.2
Net income $ 29.0 $ 19.0 $ 64.2 $ 28.0
Weighted average shares, basic 64.3 29.0 64.3 29.1
Weighted average shares, diluted 64.5 29.1 64.5 29.2
Net income per share:        
Basic $ 0.45 $ 0.66 $ 1.00 $ 0.96
Diluted 0.45 0.65 1.00 0.96
Cash dividend declared per share $ 0.17 $ 0.17 $ 0.34 $ 0.34