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Consolidated Statements of Income (Unaudited) (USD $)
In Millions, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Net Sales $ 196.5 $ 192.9 $ 391.0 $ 387.9
Cost of products sold 131.6 129.3 263.4 260.0
Gross Profit 64.9 63.6 127.6 127.9
Selling expense 5.5 5.4 10.5 11.2
Research expense 3.7 2.6 7.5 4.8
General expense 12.9 12.7 23.5 25.1
Total nonmanufacturing expenses 22.1 20.7 41.5 41.1
Restructuring and impairment expense 0.7 5.3 2.3 24.0
Operating Profit 42.1 37.6 83.8 62.8
Interest expense 0.7 0.9 1.4 1.8
Other income (expense), net 1.2 (0.7) 2.5 (0.4)
Income from Continuing Operations before Income Taxes and Income from Equity Affiliates 42.6 36.0 84.9 60.6
Provision for income taxes 13.8 12.9 26.2 20.9
Income from equity affiliates 0.6 0.4 1.4 0.9
Income from Continuing Operations 29.4 23.5 60.1 40.6
Loss from Discontinued Operations (2.8) (2.5) (3.4) (5.0)
Net Income $ 26.6 $ 21.0 $ 56.7 $ 35.6
Net Income (Loss) per Share - Basic:        
Income per share from continuing operations $ 0.94 $ 0.75 $ 1.92 $ 1.28
Loss per share from discontinued operations $ (0.09) $ (0.08) $ (0.11) $ (0.16)
Net income per share - basic $ 0.85 $ 0.67 $ 1.81 $ 1.12
Net Income (Loss) per Share - Diluted:        
Income per share from continuing operations $ 0.93 $ 0.74 $ 1.91 $ 1.27
Loss per share from discontinued operations $ (0.09) $ (0.08) $ (0.11) $ (0.16)
Net income per share - diluted $ 0.84 $ 0.66 $ 1.80 $ 1.11
Weighted Average Shares Outstanding:        
Basic 31,097,300 30,890,200 31,021,900 31,318,600
Diluted 31,259,500 31,246,000 31,184,600 31,651,600