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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Net sales $ 602.8 $ 497.2 $ 1,111.1 $ 956.2
Cost of sales 479.8 408.5 881.8 782.5
Gross profit 123.0 88.7 229.3 173.7
Operating costs and expenses:        
Engineering, selling and administrative expenses 87.6 69.3 162.7 135.8
Amortization of intangible assets 0.7 0.8 1.7 1.6
Restructuring expense 0.3 0.3 0.3 0.4
Total operating costs and expenses 88.6 70.4 164.7 137.8
Operating income 34.4 18.3 64.6 35.9
Other expense:        
Interest expense (9.0) (7.9) (17.1) (15.3)
Amortization of deferred financing fees (0.4) (0.3) (0.7) (0.7)
Other expense - net (10.0) (2.1) (11.1) (2.3)
Total other expense (19.4) (10.3) (28.9) (18.3)
Income before income taxes 15.0 8.0 35.7 17.6
Benefit for income taxes (5.2) (7.1) (1.0) (0.6)
Net income $ 20.2 $ 15.1 $ 36.7 $ 18.2
Per Share Data        
Basic net income per common share $ 0.58 $ 0.43 $ 1.05 $ 0.52
Diluted net income per common share $ 0.57 $ 0.42 $ 1.03 $ 0.51
Weighted average shares outstanding - basic 35,084,580 35,283,969 35,102,924 35,208,349
Weighted average shares outstanding - diluted 35,650,143 35,550,942 35,766,952 35,564,882