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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Net sales $ 490.0 $ 410.1 $ 849.8 $ 688.2
Cost of products sold 321.5 275.3 570.5 471.0
Gross profit 168.5 134.8 279.3 217.2
Operating costs and expenses:        
Advertising, selling, general and administrative expenses 101.8 79.6 193.8 150.8
Amortization of intangibles 9.0 5.4 17.0 10.1
Restructuring charges 12.3 4.4 13.8 4.4
Total operating costs and expenses 123.1 89.4 224.6 165.3
Operating income [1] 45.4 45.4 54.7 51.9
Non-operating expense (income):        
Interest expense 10.8 12.8 20.6 23.5
Interest income (2.0) (1.9) (3.3) (3.3)
Equity in earnings of joint-venture 0.0 (0.8) 0.0 (2.1)
Other income, net (1.5) (36.6) (0.8) (35.5)
Income before income tax 38.1 71.9 38.2 69.3
Income tax expense 14.6 10.0 11.1 2.6
Net income $ 23.5 $ 61.9 $ 27.1 $ 66.7
Basic income per share:        
Basic income per share $ 0.21 $ 0.58 $ 0.25 $ 0.63
Diluted income per share:        
Diluted income per share $ 0.21 $ 0.57 $ 0.24 $ 0.61
Weighted average number of shares outstanding:        
Basic 109.5 107.1 108.9 106.6
Diluted 111.9 109.0 112.1 108.6
[1] Operating income as presented in the segment table above is defined as i) net sales; ii) less cost of products sold; iii) less advertising, selling, general and administrative expenses; iv) less amortization of intangibles; and v) less restructuring charges.