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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Income Statement [Abstract]        
Net sales $ 350.9 $ 329.4 $ 694.7 $ 657.4
Cost of sales 290.6 275.1 578.9 555.3
Gross profit 60.3 54.3 115.8 102.1
Selling, general and administrative expenses 36.2 34.0 72.8 66.5
Litigation settlement gain 0.0 0.0 (3.3) 0.0
Asset impairment charge 0.0 0.0 0.0 4.0
Operating income 24.1 20.3 46.3 31.6
Interest expense 7.9 7.0 15.3 14.1
Loss on extinguishment of debt 11.0 0.0 11.0 0.0
Income before income taxes 5.2 13.3 20.0 17.5
Income tax expense 2.0 4.3 6.7 5.8
Net income 3.2 9.0 13.3 11.7
Net income attributable to noncontrolling interests (0.2) 0.0 (0.5) 0.0
Net income attributable to Park-Ohio Holdings Corp. common shareholders $ 3.0 $ 9.0 $ 12.8 $ 11.7
Earnings per common share attributable to Park-Ohio Holdings Corp. common shareholders:        
Basic (in dollars per share) $ 0.25 $ 0.74 $ 1.05 $ 0.97
Diluted (in dollars per share) $ 0.24 $ 0.73 $ 1.03 $ 0.96
Weighted-average shares used to compute earnings per share:        
Basic (in shares) 12.2 12.1 12.2 12.1
Diluted (in shares) 12.4 12.3 12.5 12.2
Dividends per common share (in dollars per share) $ 0.125 $ 0.125 $ 0.25 $ 0.25