Out Of Period Error Revision (Tables)

9 Months Ended

Sep. 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 September 30, 2021						Nine Months Ended September 30, 2021
(in millions)	As Previously Reported		Adjustment		As Revised		As Previously Reported		Adjustment		As Revised
Net sales	$	267.0	$	(0.1)	$	266.9	$	829.4	$	(0.5)	$	828.9
Cost of sales	204.7		0.3		205.0		631.6		1.1		632.7
Gross profit	62.3		(0.4)		61.9		197.8		(1.6)		196.2
Income from operations	6.7		(0.4)		6.3		27.7		(1.6)		26.1
Income from operations before income taxes	6.5		(0.4)		6.1		27.4		(1.6)		25.8
Income tax provision (benefit)	(2.8)		(0.1)		(2.9)		0.4		(0.4)		—
Net income	9.3		(0.3)		9.0		27.0		(1.2)		25.8
Net income attributable to controlling interest	9.3		(0.3)		9.0		27.0		(1.2)		25.8
Per share data:
Earnings per common share - Basic	0.41		(0.01)		0.40		1.19		(0.05)		1.14
Earnings per common share - Diluted	0.41		(0.02)		0.39		1.18		(0.05)		1.13

Statements of Comprehensive Income

	Three Months Ended September 30, 2021						Nine Months Ended September 30, 2021
(in millions)	As Previously Reported		Adjustment		As Revised		As Previously Reported		Adjustment		As Revised
Net income	$	9.3	$	(0.3)	$	9.0	$	27.0	$	(1.2)	$	25.8
Comprehensive (loss) income	4.8		(0.3)		4.5		25.8		(1.2)		24.6
Comprehensive (loss) income attributable to controlling interest	4.9		(0.3)		4.6		25.9		(1.2)		24.7

Statement of Cash Flow

	Nine Months Ended September 30, 2021
(in millions)	As Previously Reported		Adjustment		As Revised
Net income	$	27.0	$	(1.2)	$	25.8
Receivables and other contract assets	(31.3)		1.1		(30.2)
Inventories	(33.4)		1.1		(32.3)
Other accrued liabilities	10.3		(0.6)		9.7
Income taxes payable/prepaid	(5.7)		(0.4)		(6.1)

Statement of Equity

(in millions)	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, September 30, 2021
Retained Earnings	564.7		(2.7)		562.0
Total Equity	663.1		(2.7)		660.4
Balance, December 31, 2021
Retained Earnings	552.8		(3.5)		549.3
Total Equity	654.8		(3.5)		651.3