XML 12 R2.htm IDEA: XBRL DOCUMENT v3.23.2
Condensed Consolidated Statements of Earnings and Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Net sales $ 325.4 $ 321.0 $ 635.6 $ 603.6
Cost of goods sold 201.4 203.1 399.5 383.5
Gross profit 124.0 117.9 236.1 220.1
Selling, general and administrative expenses 61.9 61.5 124.6 118.6
Loss related to change in fair value of contingent consideration 0.0 6.1 0.0 6.2
Equity (earnings) from joint venture (24.9) (21.3) (45.7) (39.5)
Operating income 87.0 71.6 157.2 134.8
Interest expense 9.2 5.8 17.9 10.9
Other non-operating (income), net (2.2) (1.4) (4.6) (2.7)
Earnings before income taxes 80.0 67.2 143.9 126.6
Income tax expense 19.8 15.0 36.4 30.0
Net earnings 60.2 52.2 107.5 96.6
Foreign currency translation adjustments 0.7 (0.9) 0.6 (0.2)
Derivative (loss) gain, net (0.2) 3.0 (2.4) 13.6
Pension and postretirement adjustments (0.1) 0.1 0.1 0.7
Total other comprehensive income (loss) 0.4 2.2 (1.7) 14.1
Total comprehensive income $ 60.6 $ 54.4 $ 105.8 $ 110.7
Net earnings per share of common stock        
Basic $ 1.34 $ 1.12 $ 2.38 $ 2.06
Diluted $ 1.34 $ 1.11 $ 2.38 $ 2.05
Average number of common shares outstanding:        
Basic 44.9 46.6 45.2 46.9
Diluted 45.0 46.7 45.2 47.0