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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ 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 $ 400.8 $ 466.5 $ 835.0 $ 949.3
Cost of sales 257.4 299.5 538.6 607.4
Gross profit 143.4 167.0 296.4 341.9
Operating expenses:        
Selling, general and administrative expenses 75.8 92.0 162.9 182.9
Impairment of goodwill and intangible asset     147.5  
Research and development expenses 14.0 14.7 28.8 30.0
Restructuring costs 1.5 3.2 3.1 5.5
Total operating expenses 91.3 109.9 342.3 218.4
(Loss)/Income from operations 52.1 57.1 (45.9) 123.5
Other non-operating income and expense:        
Interest expense, net 18.8 18.6 36.2 38.4
Other non-operating expense, net 2.5 0.4 1.1 1.5
Total other non-operating (income) expense, net 21.3 19.0 37.3 39.9
(Loss)/Income before income taxes 30.8 38.1 (83.2) 83.6
Provision for income taxes 9.1 9.1 11.8 19.4
Net (loss)/income $ 21.7 $ 29.0 $ (95.0) $ 64.2
Weighted average shares, basic 64.6 64.3 64.5 64.3
Weighted average shares, diluted 64.7 64.5 64.5 64.5
Net (loss)/income per share:        
Basic $ 0.34 $ 0.45 $ (1.47) $ 1.00
Diluted 0.34 0.45 (1.47) 1.00
Cash dividend declared per share $ 0.04 $ 0.17 $ 0.21 $ 0.34