XML 12 R2.htm IDEA: XBRL DOCUMENT v3.24.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Net sales $ 214.2 $ 230.9 $ 427.6 $ 474.7
Cost of sales 141.1 151.3 286.3 315.4
Gross margin 73.1 79.6 141.3 159.3
Selling, general and administrative expenses 50.9 46.2 98.4 106.3
Research and development expenses 9.5 8.1 18.4 17.7
Restructuring and impairment charges 1.4 3.9 1.5 14.4
Other operating (income) expense, net 0.0 (6.5) 0.0 (6.7)
Operating income 11.3 27.9 23.0 27.6
Equity income in unconsolidated joint ventures 0.5 0.8 0.8 0.9
Other income (expense), net 0.3 (0.8) 0.7 (0.7)
Interest expense, net (0.2) (2.8) (1.0) (6.3)
Income before income taxes 11.9 25.1 23.5 21.5
Income tax expense 3.8 7.2 7.6 7.1
Net income $ 8.1 $ 17.9 $ 15.9 $ 14.4
Basic earnings per share (in dollars per share) $ 0.44 $ 0.96 $ 0.85 $ 0.77
Diluted earnings per share (in dollars per share) $ 0.44 $ 0.96 $ 0.85 $ 0.77
Shares used in computing:        
Basic earnings per share (in shares) 18.6 18.6 18.6 18.6
Diluted earnings per share (in shares) 18.6 18.7 18.6 18.7