XML 36 R3.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Condensed Consolidated Statements of Operations (USD $)
In Millions, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Net sales $ 353.7 $ 305.1 $ 685.3 $ 568.1
Cost of sales 266.7 226.7 515.3 423.6
Gross margin 87.0 78.4 170.0 144.5
Selling, general and administrative expenses 29.7 29.6 62.6 61.0
Research and technology expenses 7.9 8.3 16.5 15.7
Other operating (income) expense     (5.7) 3.5
Operating income 49.4 40.5 96.6 64.3
Interest expense, net 2.9 7.1 7.1 13.7
Non-operating expense     4.9  
Income before income taxes and equity in earnings of affiliated companies 46.5 33.4 84.6 50.6
Provision for income taxes 9.3 10.6 21.5 12.1
Income before equity in earnings of affiliated companies 37.2 22.8 63.1 38.5
Equity in earnings of affiliated companies 0.2 0.3 0.7 0.4
Net income $ 37.4 $ 23.1 $ 63.8 $ 38.9
Basic net income per common share: (in dollars per share) $ 0.38 $ 0.24 $ 0.65 $ 0.40
Diluted net income per common share: (in dollars per share) $ 0.37 $ 0.23 $ 0.63 $ 0.39
Weighted average common shares outstanding:        
Basic (in shares) 98.6 97.5 98.4 97.4
Diluted (in shares) 100.7 99.7 100.5 99.6