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Condensed Consolidated Statements of Income (Unaudited) (USD $)
In Millions, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Income Statement [Abstract]        
Net sales $ 344.6 $ 303.5 $ 1,005.7 $ 893.8
Cost of sales 284.0 248.9 828.1 730.1
Gross profit 60.6 54.6 177.6 163.7
Selling, general and administrative expenses 34.2 31.1 102.9 92.2
Litigation judgment costs 0 5.2 0 5.2
Operating income 26.4 18.3 74.7 66.3
Gain on acquisition of business 0 (0.6) 0 (0.6)
Interest expense 6.5 6.5 19.4 19.4
Income from continuing operations before income taxes 19.9 12.4 55.3 47.5
Income tax expense 7.4 3.7 19.6 16.0
Net income from continuing operations 12.5 8.7 35.7 31.5
Income from discontinued operations, net of taxes 0 3.7 0 3.2
Net income 12.5 12.4 35.7 34.7
Net income attributable to noncontrolling interest (0.1) (0.2) (0.8) (0.2)
Net income attributable to ParkOhio common shareholders $ 12.4 $ 12.2 $ 34.9 $ 34.5
Earnings per common share attributable to ParkOhio common shareholders - Basic:        
Continuing operations (in dollars per share) $ 1.02 $ 0.71 $ 2.88 $ 2.63
Discontinued operations (in dollars per share) $ 0.00 $ 0.31 $ 0.00 $ 0.27
Total (in dollars per share) $ 1.02 $ 1.02 $ 2.88 $ 2.90
Earnings per common share attributable to ParkOhio common shareholders - Diluted:        
Continuing operations (in dollars per share) $ 1.00 $ 0.69 $ 2.82 $ 2.57
Discontinued operations (in dollars per share) $ 0.00 $ 0.30 $ 0.00 $ 0.26
Total (in dollars per share) $ 1.00 $ 0.99 $ 2.82 $ 2.83
Weighted-average shares used to compute earnings per share:        
Basic (in shares) 12,133,153 12,002,344 12,081,787 11,913,765
Diluted (in shares) 12,368,395 12,267,041 12,357,808 12,210,229
Dividend per common share (in dollars per share) $ 0.125 $ 0 $ 0.25 $ 0