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Condensed Consolidated Statements of Income (Loss) (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
Net sales $ 340.2 $ 403.4 $ 934.8 $ 1,238.8
Cost of sales 290.5 336.9 817.0 1,040.8
Gross profit 49.7 66.5 117.8 198.0
Selling, general and administrative expenses 38.7 42.7 114.7 132.4
Operating income 11.0 23.8 3.1 65.6
Other components of pension income and other postretirement benefits expense, net 1.9 1.4 5.5 4.2
Interest expense, net (7.4) (8.6) (22.9) (25.5)
Income (loss) before income taxes 5.5 16.6 (14.3) 44.3
Income tax (expense) benefit (0.3) (4.2) 3.8 (12.3)
Net income (loss) 5.2 12.4 (10.5) 32.0
Net loss (income) attributable to noncontrolling interests 0.1 (0.2) 0.4 (1.0)
Net income (loss) attributable to Park-Ohio Holdings Corp. common shareholders $ 5.3 $ 12.2 $ (10.1) $ 31.0
Income (loss) per common share attributable to Park-Ohio Holdings Corp. common shareholders:        
Basic (in dollars per share) $ 0.44 $ 1.00 $ (0.83) $ 2.54
Diluted (in dollars per share) $ 0.44 $ 0.99 $ (0.83) $ 2.51
Weighted-average shares used to compute income (loss) per share:        
Basic (in shares) 12.0 12.2 12.1 12.2
Diluted (in shares) 12.0 12.3 12.1 12.4