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Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Operations        
Net sales $ 399.4 $ 349.8 $ 1,099.8 $ 1,234.9
Cost of sales 326.9 309.0 899.1 1,027.1
Gross profit 72.5 40.8 200.7 207.8
Operating costs and expenses:        
Engineering, selling and administrative expenses 60.9 73.0 184.6 218.8
Asset impairment expense   96.9   96.9
Amortization of intangible assets 0.0 0.7 0.7 2.2
Restructuring expense 3.7 3.9 21.3 17.1
Other operating (income) expense - net   0.5   2.3
Total operating costs and expenses 64.6 175.0 206.6 337.3
Operating income (loss) 7.9 (134.2) (5.9) (129.5)
Other income (expense):        
Interest expense (9.6) (10.0) (29.4) (29.6)
Amortization of deferred financing fees (0.5) (0.5) (1.4) (1.8)
Loss on debt extinguishment       (76.3)
Other income (expense) - net (1.2) 0.5 1.8 3.7
Total other expense (11.3) (10.0) (29.0) (104.0)
Income (loss) from continuing operations before taxes (3.4) (144.2) (34.9) (233.5)
Provision (benefit) for taxes on income (13.1) (5.3) (9.3) 103.1
Income (loss) from continuing operations 9.7 (138.9) (25.6) (336.6)
Discontinued operations:        
Loss from discontinued operations, net of income taxes of $0.0, $1.8, $0.0 and $0.5, respectively (0.1) (1.8) (0.3) (5.8)
Net income (loss) $ 9.6 $ (140.7) $ (25.9) $ (342.4)
Basic income (loss) per common share:        
Loss from continuing operations (in dollars per share) $ 0.07 $ (1.01) $ (0.18) $ (2.45)
Loss from discontinued operations, net of income taxes (in dollars per share) 0.00 (0.01) 0.00 (0.04)
Loss per common share (in dollars per share) 0.07 (1.02) (0.18) (2.49)
Diluted income (loss) per common share:        
Loss from continuing operations (in dollars per share) 0.07 (1.01) (0.18) (2.45)
Loss from discontinued operations (in dollars per share) 0.00 (0.01) 0.00 (0.04)
Diluted loss per common share (in dollars per share) $ 0.07 $ (1.02) $ (0.18) $ (2.49)
Weighted average shares outstanding — basic (in shares) 140,531,426 138,422,953 140,351,927 137,390,809
Weighted average shares outstanding — diluted (in shares) 143,337,177 138,422,953 140,351,927 137,390,809