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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Income Statement [Abstract]      
Net sales $ 883.4 $ 1,012.3 $ 960.9
Cost of goods sold (551.1) (666.3) (658.9)
Gross profit 332.3 346.0 302.0
Operating expenses:      
Selling, general and administrative (209.5) (206.7) (169.2)
Research and development (25.4) (25.3) (22.2)
Adjustment to fair value of contingent consideration 9.4 40.7 1.9
(Loss)/profit on disposal of subsidiary (1.4) 1.6 0.0
Total operating expenses (226.9) (189.7) (189.5)
Operating income 105.4 156.3 112.5
Other net income 0.9 0.0 1.8
Interest expense, net (3.2) (4.0) (3.4)
Income before income taxes 103.1 152.3 110.9
Income taxes (21.8) (32.8) (26.8)
Net income $ 81.3 $ 119.5 $ 84.1
Earnings per share:      
Basic $ 3.39 $ 4.96 $ 3.45
Diluted $ 3.33 $ 4.86 $ 3.38
Weighted average shares outstanding (in thousands):      
Basic 23,998 24,107 24,391
Diluted 24,442 24,612 24,878
Dividend declared per common share $ 0.67 $ 0.61 $ 0.55