XML 38 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Operations (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Net sales $ 400.1 $ 331.6
Cost of sales 293.7 248.6
Gross margin 106.4 83.0
Selling, general and administrative expenses 36.6 32.9
Research and technology expenses 9.2 8.6
Other operating (income)   (5.7)
Operating income 60.6 47.2
Interest expense, net 3.0 4.2
Non-operating expense   4.9
Income before income taxes and equity in earnings of affiliated companies 57.6 38.1
Provision for income taxes 18.4 12.2
Income before equity in earnings of affiliated companies 39.2 25.9
Equity in earnings of affiliated companies 0.4 0.5
Net income $ 39.6 $ 26.4
Net income per common share:    
Basic (in dollars per share) $ 0.40 $ 0.27
Diluted (in dollars per share) $ 0.39 $ 0.26
Weighted average common shares outstanding:    
Basic (in shares) 99.8 98.2
Diluted (in shares) 101.7 100.4