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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) (USD $)
In Millions, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Consolidated Statement of Income [Abstract]        
Net sales $ 307.9 $ 281.8 $ 603.3 $ 556.5
Cost of goods and services sold 223.3 198.6 430.7 391.1
Gross profit 84.6 83.2 172.6 165.4
Research and development 7.3 5.7 14.2 11.1
Selling, general and administrative expenses 48.5 45.8 99.2 92.4
Restructuring and other items (Note 2) 1.0 1.2 2.7 2.5
Operating profit 27.8 30.5 56.5 59.4
Interest expense 4.6 3.9 9.3 7.9
Interest income (0.3) (0.1) (0.5) (0.2)
Income before income taxes 23.5 26.7 47.7 51.7
Income tax expense 5.3 6.6 11.3 12.7
Equity in net income of affiliated companies 1.9 1.6 3.3 2.6
Net income $ 20.1 $ 21.7 $ 39.7 $ 41.6
Net income per share        
Basic $ 0.60 $ 0.65 $ 1.18 $ 1.25
Diluted $ 0.57 $ 0.62 $ 1.13 $ 1.19
Weighted average shares outstanding:        
Basic 33.6 33.3 33.5 33.2
Diluted 37.0 36.7 36.9 36.6
Dividends declared per share $ 0.17 $ 0.16 $ 0.34 $ 0.32