Out Of Period Error Revision (Tables)

6 Months Ended

Jun. 30, 2022

Accounting Changes and Error Corrections [Abstract]

Schedule of Error Corrections and Prior Period Adjustments

Balance Sheet

	December 31, 2021
(in millions)	As Previously Reported		Adjustment		As Revised
Trade receivables and contract assets, net	$	144.1	$	(2.4)	$	141.7
Inventories	303.0		(4.3)		298.7
Prepaid and refundable income taxes	19.5		1.0		20.5
Total current assets	641.7		(5.7)		636.0
Deferred income tax assets	16.0		0.2		16.2
Total assets	911.3		(5.5)		905.8
Accounts payable	83.5		(1.3)		82.2
Other current liabilities	42.9		(0.7)		42.2
Total current liabilities	225.3		(2.0)		223.3
Total liabilities	256.5		(2.0)		254.5
Retained earnings	552.8		(3.5)		549.3
Shareholders' equity	654.3		(3.5)		650.8
Total equity	654.8		(3.5)		651.3
Total liabilities and equity	911.3		(5.5)		905.8

Statement of Operations

	Three Months Ended June 30, 2021						Six Months Ended June 30, 2021
(in millions)	As Previously Reported		Adjustment		As Revised		As Previously Reported		Adjustment		As Revised
Net sales	$	278.0	$	(0.4)	$	277.6	$	562.4	$	(0.4)	$	562.0
Cost of sales	211.0		0.5		211.5		426.9		0.8		427.7
Gross profit	67.0		(0.9)		66.1		135.5		(1.2)		134.3
(Loss) income from operations	11.2		(0.9)		10.3		21.0		(1.2)		19.8
(Loss) income from operations before income taxes	11.3		(0.9)		10.4		20.9		(1.2)		19.7
Income tax (benefit) provision	2.3		(0.2)		2.1		3.2		(0.3)		2.9
Net (loss) income	9.0		(0.7)		8.3		17.7		(0.9)		16.8
Net (loss) income attributable to controlling interest	9.0		(0.7)		8.3		17.7		(0.9)		16.8
Per share data:
(Loss) earnings per common share - Basic	0.40		(0.04)		0.36		0.78		(0.04)		0.74
(Loss) earnings per common share - Diluted	0.39		(0.03)		0.36		0.77		(0.04)		0.73

Statements of Comprehensive Income

	Three Months Ended June 30, 2021						Six Months Ended June 30, 2021
(in millions)	As Previously Reported		Adjustment		As Revised		As Previously Reported		Adjustment		As Revised
Net (loss) income	$	9.0	$	(0.7)	$	8.3	$	17.7	$	(0.9)	$	16.8
Comprehensive (loss) income	13.1		(0.7)		12.4		21.0		(0.9)		20.1
Comprehensive (loss) income attributable to controlling interest	13.2		(0.7)		12.5		21.0		(0.9)		20.1

Statement of Cash Flow

	Six Months Ended June 30, 2021
(in millions)	As Previously Reported		Adjustment		As Revised
Net income	$	17.7	$	(0.9)	$	16.8
Receivables and other contract assets	(32.9)		0.4		(32.5)
Inventories	(7.4)		0.8		(6.6)
Income taxes payable/prepaid	(7.0)		(0.3)		(7.3)

Statement of Equity

	As Previously Reported	Adjustment	As Revised
Balance, December 31, 2020
Retained Earnings	545.2	(1.5)	543.7
Total Equity	643.0	(1.5)	641.5
Balance, March 31, 2021
Retained Earnings	551.4	(1.7)	549.7
Total Equity	647.0	(1.7)	645.3
Balance, June 30, 2021
Retained Earnings	557.9	(2.4)	555.5
Total Equity	659.3	(2.4)	656.9
Balance, December 31, 2021
Retained Earnings	552.8	(3.5)	549.3
Total Equity	654.8	(3.5)	651.3