XML 16 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]        
Net sales $ 320.3 $ 378.7 $ 630.6 $ 919.7
Cost of sales 258.4 323.8 515.6 723.9
Gross margin 61.9 54.9 115.0 195.8
Selling, general and administrative expenses 31.1 24.1 70.7 70.6
Research and technology expenses 11.5 11.3 23.1 25.3
Other operating expense 3.1 13.1 15.2 27.8
Operating income 16.2 6.4 6.0 72.1
Interest expense, net 9.3 10.7 19.6 22.7
Income (loss) before income taxes, and equity in earnings from affiliated companies 6.9 (4.3) (13.6) 49.4
Income tax expense (benefit) 4.0 (3.6) (3.5) 8.2
Income (loss) before equity in earnings from affiliated companies 2.9 (0.7) (10.1) 41.2
Equity in (losses) earnings from affiliated companies (0.7) (0.3) (1.7) 0.2
Net income (loss) $ 2.2 $ (1.0) $ (11.8) $ 41.4
Basic net income (loss) per common share $ 0.03 $ (0.01) $ (0.14) $ 0.49
Diluted net income (loss) per common share $ 0.03 $ (0.01) $ (0.14) $ 0.49
Weighted-average common shares:        
Basic 84.1 83.7 84.0 83.7
Diluted 84.7 83.7 84.0 84.1