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Consolidated Statements of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Income Statement [Abstract]      
Net sales $ 839.9 $ 764.1 $ 794.3
Cost of products sold 583.2 539.7 575.5
Gross profit 256.7 224.4 218.8
Selling expense 25.3 22.2 22.0
Research expense 17.5 14.0 15.7
General expense 82.2 70.6 61.9
Total nonmanufacturing expenses 125.0 106.8 99.6
Restructuring and impairment expense 25.6 14.6 13.1
Operating profit 106.1 103.0 106.1
Interest expense 16.6 9.7 7.2
Other income, net 3.9 12.2 9.3
Income from continuing operations before income taxes and income from equity affiliates 93.4 105.5 108.2
Provision for income taxes 15.4 21.6 20.5
Income from equity affiliates, net of income taxes 4.8 6.6 2.0
Income from continuing operations 82.8 90.5 89.7
Loss from discontinued operations 0.0 (0.8) 0.0
Net income $ 82.8 $ 89.7 $ 89.7
Net income (loss) per share - basic:      
Income per share from continuing operations (in dollars per share) $ 2.71 $ 2.97 $ 2.94
Loss per share from discontinued operations (in dollars per share) 0.00 (0.02) 0.00
Net income per share - basic (in dollars per share) 2.71 2.95 2.94
Net income (loss) per share – diluted:      
Income per share from continuing operations (in dollars per share) 2.70 2.96 2.93
Loss per share from discontinued operations (in dollars per share) 0.00 (0.02) 0.00
Net income per share - diluted (in dollars per share) $ 2.70 $ 2.94 $ 2.93
Weighted average shares outstanding:      
Basic (in shares) 30,310,900 30,251,400 30,238,000
Diluted (in shares) 30,463,400 30,374,300 30,356,500