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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Income Statement [Abstract]        
Net sales $ 186.7 $ 179.7 $ 531.8 $ 581.6
Cost of sales 141.4 125.0 394.1 411.3
Gross profit 45.3 54.7 137.7 170.3
Selling, engineering, general and administrative expenses 31.1 29.5 91.0 91.0
Acquisition and integration related expenses 0.3 0.0 1.2 0.0
Restructuring 0.4 0.0 1.6 0.4
Operating income 13.5 25.2 43.9 78.9
Interest expense 0.6 0.6 1.4 1.8
Debt settlement charges 0.0 0.0 0.3 0.0
Other (income) expense, net (0.3) 0.3 (1.3) 1.5
Income from continuing operations before income taxes 13.2 24.3 43.5 75.6
Income tax expense (5.7) (8.5) (16.2) (27.2)
Income from continuing operations 7.5 15.8 27.3 48.4
Gain from discontinued operations and disposal, net of income tax (benefit) expense of $(1.0), $1.8, $3.1 and $1.7, respectively 1.0 3.0 3.9 3.6
Net income $ 8.5 $ 18.8 $ 31.2 $ 52.0
Basic earnings per share:        
Earnings from continuing operations (usd per share) $ 0.12 $ 0.25 $ 0.45 $ 0.77
Gain from discontinued operations and disposal, net of tax (usd per share) 0.02 0.05 0.06 0.06
Net earnings per share (usd per share) 0.14 0.30 0.51 0.83
Diluted earnings per share:        
Earnings from continuing operations (usd per share) 0.12 0.25 0.45 0.76
Gain from discontinued operations and disposal, net of tax (usd per share) 0.02 0.05 0.06 0.06
Net earnings per share (usd per share) $ 0.14 $ 0.30 $ 0.51 $ 0.82
Weighted average common shares outstanding:        
Basic (shares) 59.8 62.3 60.7 62.4
Diluted (shares) 60.6 63.3 61.5 63.4
Cash dividends declared per common share (usd per share) $ 0.07 $ 0.06 $ 0.21 $ 0.18