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Condensed Consolidated Statements of Earnings and Comprehensive Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Condensed Consolidated Statements of Earnings and Comprehensive Income    
Net sales $ 794.0 $ 709.3
Cost of goods sold 548.6 536.3
Selling and administrative expenses 124.1 98.1
Research and development expenses 11.3 8.8
Other income, net (0.6) (0.3)
Earnings before interest and income taxes 110.6 66.4
Interest expense, net 8.4 8.4
Earnings before income taxes from continuing operations 102.2 58.0
Income tax expense (Note 6) 33.7 18.5
Income from continuing operations 68.5 39.5
Discontinued operations    
Loss before income taxes   (0.2)
Income tax benefit   (0.1)
Loss from discontinued operations   (0.1)
Net income $ 68.5 $ 39.4
Basic earnings per share attributable to common shares    
Income from continuing operations $ 1.06 $ 0.60
Basic earnings per share 1.06 0.60
Diluted earnings per share attributable to common shares    
Income from continuing operations 1.05 0.59
Diluted earnings per share $ 1.05 $ 0.59
Average shares outstanding - in thousands    
Basic (in shares) 64,018 64,876
Diluted (in shares) 64,876 65,896
Dividends declared and paid $ 19.5 $ 16.7
Dividends declared and paid per share (in dollars per share) $ 0.30 $ 0.25
Comprehensive Income    
Net income $ 68.5 $ 39.4
Other comprehensive income (loss)    
Change in foreign currency translation 10.2 (20.7)
Change in accrued post-retirement benefit liability, net of tax 0.4 0.8
Loss on hedging activities, net of tax (0.2) (0.1)
Other comprehensive income (loss) 10.4 (20.0)
Comprehensive income $ 78.9 $ 19.4