Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2018

Accounting Policies [Abstract]

Major classes of inventories

Major Classes of Inventories	December 31, 2018			December 31, 2017
Raw materials and supplies	$	85.0		$	67.6
Work in process	48.9			43.9
Finished goods	182.0			171.3
LIFO reserve	1.9			—
Inventories, net	$	317.8		$	282.8
Other Inventory Items
Inventory reserves	$	(34.9	)	$	(29.8	)
Consigned inventory	$	10.3		$	9.8

Property, plant and equipment

The following table summarizes property, plant and equipment:

	December 31, 2018		December 31, 2017
Land and land improvements	$	11.9	$	11.6
Buildings	82.3		73.9
Machinery and equipment	392.6		348.6
Leased property under capital leases	35.8		24.1
Total property, plant and equipment	522.6		458.2
Less: Accumulated depreciation	303.2		281.2
Property, plant and equipment, net	$	219.4	$	177.0

Schedule of depreciation expense

	Year Ended December 31,
	2018		2017		2016
Depreciation expense	$	29.4	$	24.9	$	23.4

Changes in product warranty liability

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

	Year Ended December 31,
	2018			2017			2016
Balance at January 1	$	7.9		$	7.1		$	6.1
Claims paid during the year	(5.3		)	(4.0		)	(3.7		)
Warranty expense	3.6			4.7			2.0
Acquired warranty liabilities	—			0.1			2.8
Other	—			—			(0.1		)
Balance at December 31	$	6.2		$	7.9		$	7.1

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,
	2018	2017	2016
	(In whole shares)
Weighted average basic shares outstanding	12,255,490	12,211,978	12,126,264
Dilutive impact of employee stock awards	253,023	243,963	148,188
Weighted average diluted shares outstanding	12,508,513	12,455,941	12,274,452

Schedule of new accounting pronouncements

This resulted in the reclassification of the following amounts from previously-reported Selling, general and administrative (“SG&A”) expenses for 2017 and 2016:

	Year Ended December 31,
	2017			2016
Amounts recorded in Cost of sales	$	(1.8	)	$	(1.8	)
Amounts recorded in SG&A expenses	(0.6		)	$	(0.6	)
Amounts recorded in Other components of pension income and other postretirement benefits expenses, net	6.4			$	6.2
Total pension income and other postretirement benefits expense, net	$	4.0		$	3.8