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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenue $ 411.5 $ 493.3 $ 869.2 $ 910.8
Operating expenses:        
Selling, general and administrative expense 80.5 103.7 177.8 195.4
Restructuring expense 2.1 4.3 4.1 10.2
Operating income 47.6 47.0 91.3 77.0
Pension expense, other than service cost 1.0 0.5 2.0 1.0
Interest expense, net 3.5 4.2 8.3 7.5
Income from continuing operations before income taxes 43.1 42.3 81.0 68.5
Income tax provision 10.6 8.3 19.5 14.8
Income from continuing operations 32.5 34.0 61.5 53.7
Loss from discontinued operations, net of taxes 0.0 0.3 0.0 0.3
Net income $ 32.5 $ 33.7 $ 61.5 $ 53.4
Basic earnings per share:        
Income from continuing operations (in dollars per share) $ 1.02 $ 1.07 $ 1.92 $ 1.69
Loss from discontinued operations (in dollars per share) 0 0.01 0 0.01
Net income (in dollars per share) 1.02 1.06 1.92 1.68
Diluted earnings per share:        
Income from continuing operations (in dollars per share) 1.01 1.06 1.92 1.68
Loss from discontinued operations (in dollars per share) 0 0.01 0 0.01
Net income (in dollars per share) $ 1.01 $ 1.05 $ 1.92 $ 1.67
Product        
Revenue $ 362.2 $ 428.0 $ 762.3 $ 789.1
Operating expenses:        
Cost of goods and services 245.2 291.6 518.4 539.8
Service        
Revenue 49.3 65.3 106.9 121.7
Operating expenses:        
Cost of goods and services $ 36.1 $ 46.7 $ 77.6 $ 88.4