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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Net sales $ 562.1 $ 602.8 $ 1,057.2 $ 1,111.1
Cost of sales 462.4 479.8 865.0 881.8
Gross profit 99.7 123.0 192.2 229.3
Operating costs and expenses:        
Engineering, selling and administrative expenses 83.7 87.6 159.7 162.7
Amortization of intangible assets 0.8 0.7 1.5 1.7
Restructuring expense 2.3 0.3 2.9 0.3
Total operating costs and expenses 86.8 88.6 164.1 164.7
Operating income 12.9 34.4 28.1 64.6
Other income (expense):        
Interest expense (9.6) (9.0) (18.8) (17.1)
Amortization of deferred financing fees (0.4) (0.4) (0.7) (0.7)
Other income (expense) - net 0.3 (10.0) 1.0 (11.1)
Total other expense (9.7) (19.4) (18.5) (28.9)
Income before income taxes 3.2 15.0 9.6 35.7
Provision (benefit) for income taxes 1.6 (5.2) 3.5 (1.0)
Net income $ 1.6 $ 20.2 $ 6.1 $ 36.7
Per Share Data        
Basic net income per common share $ 0.05 $ 0.58 $ 0.17 $ 1.05
Diluted net income per common share $ 0.04 $ 0.57 $ 0.17 $ 1.03
Weighted average shares outstanding - basic 35,368,492 35,084,580 35,316,971 35,102,924
Weighted average shares outstanding - diluted 35,738,322 35,650,143 35,899,481 35,766,952