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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Income Statement [Abstract]        
Net sales $ 352.2 $ 312.7 $ 1,046.9 $ 970.1
Cost of sales 295.0 258.4 873.9 813.7
Gross profit 57.2 54.3 173.0 156.4
Selling, general and administrative expenses 36.5 33.4 109.3 99.9
Litigation settlement gain 0.0 0.0 (3.3) 0.0
Asset impairment charge 0.0 0.0 0.0 4.0
Operating income 20.7 20.9 67.0 52.5
Interest expense 7.8 7.2 23.1 21.3
Loss on extinguishment of debt 0.0 0.0 11.0 0.0
Income before income taxes 12.9 13.7 32.9 31.2
Income tax expense (benefit) 2.7 (0.1) 9.4 5.7
Net income 10.2 13.8 23.5 25.5
Net income attributable to noncontrolling interests (0.2) (0.3) (0.7) (0.3)
Net income attributable to Park-Ohio Holdings Corp. common shareholders $ 10.0 $ 13.5 $ 22.8 $ 25.2
Earnings per common share attributable to Park-Ohio Holdings Corp. common shareholders:        
Basic (in dollars per share) $ 0.82 $ 1.12 $ 1.87 $ 2.08
Diluted (in dollars per share) $ 0.80 $ 1.10 $ 1.83 $ 2.06
Weighted-average shares used to compute earnings per share:        
Basic (in shares) 12.2 12.1 12.2 12.1
Diluted (in shares) 12.4 12.3 12.4 12.3
Dividends per common share (in dollars per share) $ 0.125 $ 0.125 $ 0.375 $ 0.375