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Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Net sales $ 462.1 $ 503.6
Cost of sales 247.0 264.4
Gross profit 215.1 239.2
Selling, general and administrative expenses 82.6 73.4
Engineering - research and development 21.8 22.2
Loss associated with impairment of long-lived assets   1.3
Operating income 110.7 142.3
Interest income 0.2 0.2
Interest expense (34.3) (37.1)
Other (expense) income, net (0.1) 2.8
Income before income taxes 76.5 108.2
Income tax expense (28.2) (39.8)
Net income $ 48.3 $ 68.4
Basic earnings per share attributable to common stockholders $ 0.28 $ 0.38
Diluted earnings per share attributable to common stockholders 0.28 0.38
Dividends declared per common share $ 0.15 $ 0.15
Comprehensive income, net of tax $ 50.9 $ 56.5