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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Income Statement [Abstract]        
Net sales $ 312.7 $ 364.4 $ 970.1 $ 1,116.4
Cost of sales 258.4 302.1 813.7 935.3
Gross profit 54.3 62.3 156.4 181.1
Selling, general and administrative expenses 33.4 34.9 99.9 103.8
Asset impairment charge 0.0 0.0 4.0 0.0
Operating income 20.9 27.4 52.5 77.3
Interest expense 7.2 7.0 21.3 20.7
Income before income taxes 13.7 20.4 31.2 56.6
Income tax (benefit) expense (0.1) 7.2 5.7 19.7
Net income 13.8 13.2 25.5 36.9
Net income attributable to noncontrolling interest (0.3) 0.0 (0.3) (0.5)
Net income attributable to ParkOhio common shareholders $ 13.5 $ 13.2 $ 25.2 $ 36.4
Earnings per common share attributable to ParkOhio common shareholders:        
Basic (in dollars per share) $ 1.12 $ 1.07 $ 2.08 $ 2.98
Diluted (in dollars per share) $ 1.10 $ 1.06 $ 2.06 $ 2.94
Weighted-average shares used to compute earnings per share:        
Basic (in shares) 12,149,384 12,288,392 12,113,058 12,228,721
Diluted (in shares) 12,276,948 12,398,368 12,254,219 12,415,073
Dividends per common share (in dollars per share) $ 0.125 $ 0.125 $ 0.375 $ 0.375