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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Net sales $ 443.4 $ 464.1 $ 1,378.6 $ 1,454.1
Cost of goods sold (319.3) (326.9) (971.9) (1,018.7)
Gross profit 124.1 137.2 406.7 435.4
Operating expenses:        
Selling, general and administrative (66.8) (83.7) (232.9) (285.5)
Research and development (11.1) (11.6) (35.1) (32.8)
Adjustment to fair value of contingent consideration (0.7) 0.0 (2.1) 0.0
Profit on disposal of property, plant and equipment 0.1 0.0 0.2 0.0
Total operating expenses (78.5) (95.3) (269.9) (318.3)
Operating income 45.6 41.9 136.8 117.1
Other income/(expense), net (3.5) 4.8 0.1 11.2
Interest income, net 2.7 0.8 6.9 0.8
Income before income tax expense 44.8 47.5 143.8 129.1
Income tax expense (11.4) (8.3) (37.8) (27.8)
Net income $ 33.4 $ 39.2 $ 106.0 $ 101.3
Earnings per share:        
Basic $ 1.34 $ 1.58 $ 4.25 $ 4.08
Diluted $ 1.33 $ 1.57 $ 4.22 $ 4.05
Weighted average shares outstanding (in thousands):        
Basic 24,941 24,866 24,926 24,845
Diluted 25,101 25,006 25,103 25,000