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Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Operations        
Net sales $ 394.6 $ 457.7 $ 700.4 $ 885.1
Cost of sales 318.3 370.4 572.2 718.1
Gross profit 76.3 87.3 128.2 167.0
Operating costs and expenses:        
Engineering, selling and administrative expenses 60.4 73.4 123.7 145.8
Amortization of intangible assets 0.3 0.8 0.7 1.5
Restructuring expense 5.9 8.8 17.6 13.2
Other operating (income) expense - net (0.2) 0.4 0.0 1.8
Total operating costs and expenses 66.4 83.4 142.0 162.3
Operating income (loss) 9.9 3.9 (13.8) 4.7
Other income (expense):        
Interest expense (9.7) (9.9) (19.8) (19.6)
Amortization of deferred financing fees (0.4) (0.4) (0.9) (1.3)
Loss on debt extinguishment 0.0 0.0 0.0 (76.3)
Other income - net 3.2 2.1 3.0 3.2
Total other expense (6.9) (8.2) (17.7) (94.0)
Income (loss) from continuing operations before taxes 3.0 (4.3) (31.5) (89.3)
Provision for taxes on income 2.3 0.7 3.8 108.4
Income (loss) from continuing operations 0.7 (5.0) (35.3) (197.7)
Discontinued operations:        
Loss from discontinued operations, net of income taxes of $0.0, $0.0, $0.0 and $(1.3), respectively (0.2) (0.8) (0.2) (4.0)
Net income (loss) $ 0.5 $ (5.8) $ (35.5) $ (201.7)
Basic income (loss) per common share:        
Loss from continuing operations (in dollars per share) $ 0.00 $ (0.04) $ (0.25) $ (1.44)
Loss from discontinued operations, net of income taxes (in dollars per share) 0.00 (0.01) 0.00 (0.03)
Loss per common share (in dollars per share) 0.00 (0.04) (0.25) (1.47)
Diluted income (loss) per common share:        
Loss from continuing operations (in dollars per share) 0.00 (0.04) (0.25) (1.44)
Loss from discontinued operations (in dollars per share) 0.00 (0.01) 0.00 (0.03)
Diluted loss per common share (in dollars per share) $ 0.00 $ (0.04) $ (0.25) $ (1.47)
Weighted average shares outstanding — basic (in shares) 140,437,702 137,138,220 140,260,690 136,869,066
Weighted average shares outstanding — diluted (in shares) 142,618,685 137,138,220 140,260,690 136,869,066