XML 54 R4.htm IDEA: XBRL DOCUMENT v3.3.0.814
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Income Statement [Abstract]        
Net sales $ 364.4 $ 344.6 $ 1,116.4 $ 1,005.7
Cost of sales 302.1 284.0 935.3 828.1
Gross profit 62.3 60.6 181.1 177.6
Selling, general and administrative expenses 34.9 34.2 103.8 102.9
Operating income 27.4 26.4 77.3 74.7
Interest expense 7.0 6.5 20.7 19.4
Income before income taxes 20.4 19.9 56.6 55.3
Income tax expense 7.2 7.4 19.7 19.6
Net income 13.2 12.5 36.9 35.7
Net income attributable to noncontrolling interest 0.0 (0.1) (0.5) (0.8)
Net income attributable to ParkOhio common shareholders $ 13.2 $ 12.4 $ 36.4 $ 34.9
Earnings per common share attributable to ParkOhio common shareholders:        
Basic (in dollars per share) $ 1.07 $ 1.02 $ 2.98 $ 2.88
Diluted (in dollars per share) $ 1.06 $ 1.00 $ 2.94 $ 2.82
Weighted-average shares used to compute earnings per share:        
Basic (in shares) 12,288,392 12,133,153 12,228,721 12,081,787
Diluted (in shares) 12,398,368 12,368,395 12,415,073 12,357,808
Dividend per common share (in dollars per share) $ 0.125 $ 0.125 $ 0.375 $ 0.25