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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Income Statement [Abstract]        
Net sales $ 329.4 $ 377.3 $ 657.4 $ 752.0
Cost of sales 275.1 316.9 555.3 633.2
Gross profit 54.3 60.4 102.1 118.8
Selling, general and administrative expenses 34.0 34.8 66.5 68.9
Asset impairment 0.0 0.0 4.0 0.0
Operating income 20.3 25.6 31.6 49.9
Interest expense 7.0 6.9 14.1 13.7
Income before income taxes 13.3 18.7 17.5 36.2
Income tax expense 4.3 6.1 5.8 12.5
Net income 9.0 12.6 11.7 23.7
Net income attributable to noncontrolling interest 0.0 (0.2) 0.0 (0.5)
Net income attributable to ParkOhio common shareholders $ 9.0 $ 12.4 $ 11.7 $ 23.2
Earnings per common share attributable to ParkOhio common shareholders:        
Basic (in dollars per share) $ 0.74 $ 1.02 $ 0.97 $ 1.90
Diluted (in dollars per share) $ 0.73 $ 1.00 $ 0.96 $ 1.87
Weighted-average shares used to compute earnings per share:        
Basic (in shares) 12,112,575 12,230,100 12,094,695 12,198,169
Diluted (in shares) 12,276,858 12,427,395 12,246,020 12,428,490
Dividends per common share (in dollars per share) $ 0.125 $ 0.125 $ 0.250 $ 0.250