XML 25 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Income Statement [Abstract]        
Net sales $ 248.7 $ 186.7 $ 650.9 $ 531.8
Cost of sales 187.4 141.4 491.3 394.1
Gross profit 61.3 45.3 159.6 137.7
Selling, engineering, general and administrative expenses 38.3 31.1 104.7 91.0
Acquisition and integration-related expenses 0.7 0.3 2.2 1.2
Restructuring 0.1 0.4 0.5 1.6
Operating income 22.2 13.5 52.2 43.9
Interest expense 2.7 0.6 4.6 1.4
Debt settlement charges 0.0 0.0 0.0 0.3
Other income, net (0.5) (0.3) (1.0) (1.3)
Income before income taxes 20.0 13.2 48.6 43.5
Income tax expense 7.5 5.7 17.4 16.2
Income from continuing operations 12.5 7.5 31.2 27.3
Gain from discontinued operations and disposal, net of income tax (benefit) expense of $(0.0), $(1.0), $(0.0) and $3.1, respectively 0.0 1.0 0.0 3.9
Net income $ 12.5 $ 8.5 $ 31.2 $ 31.2
Basic earnings per share:        
Earnings from continuing operations (usd per share) $ 0.21 $ 0.12 $ 0.52 $ 0.45
Earnings from discontinued operations and disposal, net of tax (usd per share) 0.00 0.02 0.00 0.06
Net earnings per share (usd per share) 0.21 0.14 0.52 0.51
Diluted earnings per share:        
Earnings from continuing operations (usd per share) 0.21 0.12 0.52 0.45
Earnings from discontinued operations and disposal, net of tax (usd per share) 0.00 0.02 0.00 0.06
Net earnings per share (usd per share) $ 0.21 $ 0.14 $ 0.52 $ 0.51
Weighted average common shares outstanding:        
Basic (shares) 59.8 59.8 59.7 60.7
Diluted (shares) 60.6 60.6 60.4 61.5
Cash dividends declared per common share (usd per share) $ 0.07 $ 0.07 $ 0.21 $ 0.21