XML 43 R4.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Income Statement [Abstract]        
Net sales $ 573.0 $ 556.5 $ 1,158.4 $ 1,128.9
Cost of sales 460.4 449.5 933.1 930.2
Gross profit 112.6 107.0 225.3 198.7
Selling, general and administrative expenses 55.3 51.6 108.2 98.3
Restructuring charges 2.3 0.0 2.3 0.0
Operating income 55.0 55.4 114.8 100.4
Interest expense (5.3) (7.0) (10.7) (13.2)
Other income (expense), net 0.8 (3.2) 0.5 (1.7)
Income before income taxes 50.5 45.2 104.6 85.5
Income tax expense 11.7 9.7 24.6 18.5
Net income $ 38.8 $ 35.5 $ 80.0 $ 67.0
EARNINGS PER COMMON SHARE:        
Basic (in dollars per share) $ 0.80 $ 0.73 $ 1.65 $ 1.39
Diluted (in dollars per share) $ 0.79 $ 0.73 $ 1.64 $ 1.38
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:        
Basic (in shares) 48.1 47.7 48.0 47.7
Diluted (in shares) 48.5 48.0 48.4 48.1