XML 89 R4.htm IDEA: XBRL DOCUMENT v3.19.3
Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Income Statement [Abstract]        
Net sales $ 442.9 $ 228.5 $ 1,392.2 $ 706.2
Cost of sales 285.9 156.5 893.3 481.8
Gross profit 157.0 72.0 498.9 224.4
Operating expenses:        
Selling, general and administrative expenses 87.9 44.9 270.8 135.4
Research and development expenses 14.4 5.7 44.4 18.5
Restructuring costs 6.2 0.6 11.7 2.1
Total operating expenses 108.5 51.2 326.9 156.0
Income from operations 48.5 20.8 172.0 68.4
Other non-operating income and expense:        
Loss on settlement of pension plan       5.1
Interest expense, net 18.2 2.0 56.6 5.8
Other non-operating expense/(income), net (0.4) 0.7 1.1 0.2
Total other non-operating (income) expense, net 17.8 2.7 57.7 11.1
Income before income taxes 30.7 18.1 114.3 57.3
Provision for income taxes 5.0 5.8 24.4 17.0
Net income $ 25.7 $ 12.3 $ 89.9 $ 40.3
Weighted average shares, basic 64.4 29.0 64.3 29.1
Weighted average shares, diluted 64.6 29.0 64.5 29.2
Net income per share:        
Basic $ 0.40 $ 0.42 $ 1.40 $ 1.39
Diluted 0.40 0.42 1.39 1.38
Cash dividend declared per share $ 0.17 $ 0.17 $ 0.51 $ 0.51