Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2016

Accounting Policies [Abstract]

Major classes of inventories

Inventories are stated at the lower of first-in, first-out (“FIFO”) cost or market value.

Major Classes of Inventories	December 31, 2016			December 31, 2015
	(In millions)
Finished goods	$	131.4		$	147.5
Work in process	43.4			37.4
Raw materials and supplies	65.8			64.1
Inventories, net	$	240.6		$	249.0
Other inventory items
Inventory reserves	$	(30.2	)	$	(29.0	)
Consigned Inventory	$	12.2		$	10.3

Property, plant and equipment

The following table summarizes property, plant and equipment:

	December 31, 2016		December 31, 2015
Property, plant and equipment:
Land and land improvements	$	11.3	$	8.5
Buildings	74.9		65.3
Machinery and equipment	316.1		304.6
Leased property under capital leases	20.4		16.2
Total property, plant and equipment	422.7		394.6
Less accumulated depreciation	255.6		243.3
Property, plant and equipment, net	$	167.1	$	151.3

Schedule of depreciation expense

Information regarding depreciation expense of property, plant and equipment follows:

	Year Ended December 31,
	2016		2015		2014
	(In millions)
Depreciation expense	$	23.4	$	22.3	$	18.4

Changes in product warranty liability

The following table presents the changes in the Company’s product warranty liability:

	Year Ended December 31,
	2016			2015			2014
	(In millions)
Balance at January 1,	$	6.1		$	6.9		$	5.4
Claims paid during the year	(3.7		)	(4.7		)	(2.9		)
Warranty expense	2.0			4.0			4.0
Acquired warranty liabilities	2.8			—			—
Other	(0.1		)	(0.1		)	0.4
Balance at December 31,	$	7.1		$	6.1		$	6.9

Weighted-average number of shares used in computing earnings per share

The following table sets forth the weighted-average number of shares used in the computation of earnings per share:

	Year Ended December 31,
	2016	2015	2014
	(In whole shares)
Weighted average basic shares outstanding	12,126,264	12,215,425	12,097,018
Plus dilutive impact of employee stock awards	148,188	167,526	279,058
Weighted average diluted shares outstanding	12,274,452	12,382,951	12,376,076