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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
Sales $ 309.4 $ 356.5 $ 923.5 $ 1,056.6
Cost of sales 196.0 216.1 592.1 651.7
Gross profit 113.4 140.4 331.4 404.9
Selling, general, and administrative expenses 90.8 103.6 278.8 304.9
Loss on fair value remeasurement of contingent consideration 0.0 0.0 12.4 0.0
Restructuring charges 3.3 0.1 19.5 0.2
Operating profit 19.3 36.7 20.7 99.8
Interest expense 4.1 5.5 13.6 16.2
Loss on extinguishment of debt 0.2 0.4 0.2 0.4
Pension settlement charges 1.3 9.8 2.8 10.4
Other (income) expense, net (0.5) (2.5) (1.3) (4.1)
Income before income tax expense 14.2 23.5 5.4 76.9
Income tax expense (benefit) 7.2 6.0 (2.9) 19.8
Net earnings 7.0 17.5 8.3 57.1
Less: Net earnings attributable to Preferred stockholders (1.4) 0.0 (1.4) 0.0
Net earnings available to common stockholders $ 5.6 $ 17.5 $ 6.9 $ 57.1
Net earnings per share:        
Basic (in dollars per share) $ 0.11 $ 0.36 $ 0.14 $ 1.17
Diluted (in dollars per share) $ 0.11 $ 0.35 $ 0.14 $ 1.16
Weighted-average common shares outstanding: (in thousands)        
Basic (in shares) 49,112,000 48,873,000 49,057,000 48,835,000
Diluted (in shares) 49,441,000 49,574,000 49,485,000 49,360,000
Other comprehensive income (loss), net of tax:        
Unrealized gains (losses) on cash flow hedge, net of amounts reclassified into earnings $ 1.2 $ (0.4) $ (3.0) $ (4.7)
Pension and other post-employment liability adjustments 3.1 (2.5) (4.5) (2.0)
Foreign currency translation adjustments 5.4 (4.0) 0.0 (1.7)
Foreign currency translation adjustments on long-term intercompany notes 7.5 (7.1) 9.5 (9.2)
Total other comprehensive income (loss), net 17.2 (14.0) 2.0 (17.6)
Total comprehensive income $ 24.2 $ 3.5 $ 10.3 $ 39.5