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Consolidated Statement of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Net sales $ 691.3 $ 610.9
Operating costs and expenses:    
Cost of sales 514.5 482.8
Gross Profit 176.8 128.1
Selling and administrative 50.6 48.7
(Gain) loss on sale or impairment of long lived assets, net (0.6) 0.6
Other operating credits and charges, net (0.4) 3.4
Income from operations 127.2 75.4
Non-operating income (expense):    
Interest expense, net of capitalized interest (4.4) (5.0)
Investment income 3.2 2.0
Other non-operating items (1.4) (1.9)
Total non-operating income (expense) (2.6) (4.9)
Income from continuing operations before taxes 124.6 70.5
Provision for income taxes 29.7 15.5
Income from continuing operations 94.9 55.0
Loss from discontinued operations before tax (5.3) 0.0
Benefit for income taxes (1.3) 0.0
Loss from discontinued operations (4.0) 0.0
Net income $ 90.9 $ 55.0
Net income per share of common stock:    
Income per share continuing operations $ 0.66 $ 0.38
Loss per share discontinued operations (0.03) 0.0
Net income per share - basic 0.63 0.38
Diluted net income per share of common stock    
Income per share continuing operations 0.65 0.38
Loss per share discontinued operations (0.03) 0.00
Net income per share - diluted $ 0.62 $ 0.38
Weighted average shares of stock outstanding - basic 144.7 144.2
Weighted average shares of stock outstanding - diluted 146.7 145.9