XML 16 R4.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
Net sales $ 393.0 $ 320.3 $ 783.6 $ 630.6
Cost of sales 303.5 258.4 607.4 515.6
Gross margin 89.5 61.9 176.2 115.0
Selling, general and administrative expenses 33.5 31.1 78.2 70.7
Research and technology expenses 11.3 11.5 22.2 23.1
Other operating (income) expense (19.1) 3.1 (18.1) 15.2
Operating income (loss) 63.8 16.2 93.9 6.0
Interest expense, net 8.9 9.3 18.0 19.6
Other income (0.3) (0.3)
Income (loss) before income taxes, and equity in earnings from affiliated companies 55.2 6.9 76.2 (13.6)
Income tax expense (benefit) 12.7 4.0 17.4 (3.5)
Income (loss) before equity in earnings from affiliated companies 42.5 2.9 58.8 (10.1)
Equity in earnings (losses) from affiliated companies 2.2 (0.7) 3.7 (1.7)
Net income (loss) $ 44.7 $ 2.2 $ 62.5 $ (11.8)
Basic net income (loss) per common share $ 0.53 $ 0.03 $ 0.74 $ (0.14)
Diluted net income (loss) per common share $ 0.53 $ 0.03 $ 0.74 $ (0.14)
Weighted-average common shares:        
Basic 84.4 84.1 84.3 84.0
Weighted average common shares outstanding - Dilutive (in shares) 85.0 84.7 84.9 84.0