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CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Net sales $ 1,368.4 $ 1,266.4 $ 1,192.3
Cost of goods and services sold 933.7 878.7 853.0
Gross profit 434.7 387.7 339.3
Research and development 37.9 33.2 29.1
Selling, general and administrative expenses 234.9 218.1 191.1
Restructuring and other items (Note 2) (0.5) 1.3 9.5
Operating profit 162.4 135.1 109.6
Loss on debt extinguishment 0.2 11.6 0
Interest expense 17.0 16.7 18.2
Interest income 1.9 1.8 1.3
Income before income taxes 147.1 108.6 92.7
Income tax expense 40.2 32.7 23.5
Equity in net income of affiliated companies 5.4 4.8 6.3
Net income $ 112.3 $ 80.7 $ 75.5
Net income per share:      
Basic (in dollars per share) $ 1.61 $ 1.19 $ 1.12
Diluted (in dollars per share) $ 1.57 $ 1.15 $ 1.08
Weighted average shares outstanding:      
Basic (in shares) 69.6 68.1 67.3
Diluted (in shares) 71.4 71.8 74.0
Dividends declared per share (in dollars per share) $ 0.39 $ 0.37 $ 0.35