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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Operations        
Net sales $ 450.1 $ 399.4 $ 1,331.5 $ 1,099.8
Cost of sales 370.1 326.9 1,092.6 899.1
Gross profit 80.0 72.5 238.9 200.7
Operating costs and expenses:        
Engineering, selling and administrative expenses 62.1 59.0 184.6 178.8
Asset impairment expense     0.4  
Amortization of intangible assets     0.2 0.7
Restructuring expense 1.0 3.7 11.0 21.3
Total operating costs and expenses 63.1 62.7 196.2 200.8
Operating income (loss) 16.9 9.8 42.7 (0.1)
Other income (expense):        
Interest expense (9.9) (9.6) (29.3) (29.4)
Amortization of deferred financing fees (0.5) (0.5) (1.4) (1.4)
Other income (expense) - net (5.7) (3.1) (8.6) (4.0)
Total other expense (16.1) (13.2) (39.3) (34.8)
Income (loss) from continuing operations before taxes 0.8 (3.4) 3.4 (34.9)
Benefit for taxes on income (10.7) (13.1) (8.0) (9.3)
Income (loss) from continuing operations 11.5 9.7 11.4 (25.6)
Discontinued operations:        
Loss from discontinued operations, net of income taxes of $0.0, $0.0, $0.0 and $0.0, respectively   (0.1) (0.2) (0.3)
Net income (loss) $ 11.5 $ 9.6 $ 11.2 $ (25.9)
Basic income (loss) per common share:        
Income (loss) from continuing operations $ 0.32 $ 0.27 $ 0.33 $ (0.74)
Loss from discontinued operations, net of income taxes     (0.01)  
Basic income (loss) per common share 0.32 0.27 0.32 (0.74)
Diluted income (loss) per common share:        
Income (loss) from continuing operations 0.32 0.27 0.32 (0.74)
Loss from discontinued operations, net of income taxes     (0.01)  
Diluted income (loss) per common share $ 0.32 $ 0.27 $ 0.31 $ (0.74)
Weighted average shares outstanding - basic 35,564,946 35,132,857 35,488,271 35,087,982
Weighted average shares outstanding - diluted 35,928,327 35,834,295 35,935,093 35,087,982