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Condensed Consolidated Statements of Earnings and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
Net sales $ 325.0 $ 292.2 $ 928.6 $ 824.1
Cost of goods sold 207.5 181.5 591.0 521.0
Gross profit 117.5 110.7 337.6 303.1
Selling, general and administrative expenses 59.3 62.3 177.9 176.5
Loss (gain) related to change in fair value of contingent consideration 7.1 (0.3) 13.3 (9.8)
Equity (earnings) from joint venture (22.2) (23.4) (61.7) (68.1)
Operating income 73.3 72.1 208.1 204.5
Interest expense 7.0 6.1 17.9 17.4
Other non-operating (income), net (1.4) (1.4) (4.1) (4.3)
Earnings from continuing operations before income taxes 67.7 67.4 194.3 191.4
Income tax expense 13.2 16.6 43.2 48.0
Earnings from continuing operations 54.5 50.8 151.1 143.4
Gain (loss) from disposal of discontinued businesses, net of tax (benefit) expense of ($3.0), $-, ($3.0) and $1.7 3.0 0.0 3.0 (2.1)
Net earnings (loss) from discontinued operations 3.0 0.0 3.0 (2.1)
Net earnings 57.5 50.8 154.1 141.3
Other comprehensive income, net of tax:        
Foreign currency translation adjustments (2.1) (0.8) (2.3) 0.3
Derivative gain, net 4.9 0.8 18.5 5.7
Pension and postretirement adjustments 0.2 0.1 0.9 0.5
Total other comprehensive income 3.0 0.1 17.1 6.5
Total comprehensive income $ 60.5 $ 50.9 $ 171.2 $ 147.8
Earnings per share of common stock, continuing operations:        
Basic $ 1.18 $ 1.07 $ 3.24 $ 3.00
Diluted 1.18 1.06 3.23 2.98
Earnings (loss) per share of common stock, discontinued operations:        
Basic 0.07 0 0.06 (0.04)
Diluted 0.07 0 0.06 (0.04)
Net earnings per share of common stock:        
Basic 1.25 1.07 3.30 2.96
Diluted $ 1.25 $ 1.06 $ 3.29 $ 2.94
Average number of common shares outstanding:        
Basic 46.1 47.5 46.6 47.7
Diluted 46.1 47.8 46.7 48.0