XML 14 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated (Condensed) Statements of Operations - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operations    
Net sales $ 328.0 $ 325.5
Cost of sales 205.0 207.9
Gross profit 123.0 117.6
Costs and expenses:    
Selling, general and administrative expenses 74.3 71.8
Amortization expense 7.8 7.8
Separation expense 0.9 3.0
Restructuring expense 4.6 1.3
Asset impairment expense 0.4 0.0
Earnings from operations 35.0 33.7
Interest expense 23.2 8.5
Interest expense on notes with MTW — net 0.0 0.1
Loss on early extinguishment of debt 3.2 0.0
Other expense — net 1.5 2.4
Earnings before income taxes 7.1 22.7
Income taxes 2.1 4.6
Net earnings $ 5.0 $ 18.1
Per Share Data    
Earnings per common share - Basic (in dollars per share) $ 0.04 $ 0.13
Earnings per common share - Diluted (in dollars per share) $ 0.04 $ 0.13
Weighted average shares outstanding - Basic (in shares) 138,759,075 137,016,712
Weighted average shares outstanding - Diluted (in shares) 140,431,198 138,564,299