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Condensed Consolidated Statements of Earnings and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
Net sales $ 321.0 $ 280.0 $ 603.6 $ 531.9
Cost of goods sold 203.1 175.1 383.5 339.5
Gross profit 117.9 104.9 220.1 192.4
Selling, general and administrative expenses 61.5 60.0 118.6 114.2
Loss (gain) related to change in fair value of contingent consideration 6.1 (9.7) 6.2 (9.5)
Equity (earnings) from joint venture (21.3) (23.7) (39.5) (44.7)
Operating income 71.6 78.3 134.8 132.4
Interest expense 5.8 5.6 10.9 11.3
Other non-operating (income), net (1.4) (1.6) (2.7) (2.9)
Earnings from continuing operations before income taxes 67.2 74.3 126.6 124.0
Income tax expense 15.0 19.2 30.0 31.4
Earnings from continuing operations 52.2 55.1 96.6 92.6
Loss from disposal of discontinued businesses, net of tax expense of $- ,$- and $-, $1.7 0.0 0.0 0.0 (2.1)
Net loss from discontinued operations 0.0 0.0 0.0 (2.1)
Net earnings 52.2 55.1 96.6 90.5
Other comprehensive income, net of tax:        
Foreign currency translation adjustments (0.9) 0.5 (0.2) 1.1
Derivative gain, net 3.0 1.1 13.6 4.9
Pension and postretirement adjustments 0.1 0.2 0.7 0.4
Total other comprehensive income 2.2 1.8 14.1 6.4
Total comprehensive income $ 54.4 $ 56.9 $ 110.7 $ 96.9
Earnings per share of common stock, continuing operations:        
Basic $ 1.12 $ 1.15 $ 2.06 $ 1.93
Diluted 1.11 1.14 2.05 1.92
Loss per share of common stock, discontinued operations:        
Basic 0 0 0 (0.04)
Diluted 0 0 0 (0.04)
Net earnings per share of common stock:        
Basic 1.12 1.15 2.06 1.89
Diluted $ 1.11 $ 1.14 $ 2.05 $ 1.88
Average number of common shares outstanding:        
Basic 46.6 47.7 46.9 47.8
Diluted 46.7 48.1 47.0 48.1