Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2019

Accounting Policies [Abstract]

Major classes of inventories

Major Classes of Inventories	December 31, 2019			December 31, 2018
Raw materials and supplies	$	92.6		$	85.0
Work in process	51.3			48.9
Finished goods	181.3			182.0
LIFO reserve	2.0			1.9
Inventories, net	$	327.2		$	317.8
Other Inventory Items
Inventory reserves	$	(34.2	)	$	(34.9	)
Consigned inventory	$	8.2		$	10.3

Property, plant and equipment

The following table summarizes property, plant and equipment:

	December 31, 2019		December 31, 2018
Land and land improvements	$	12.1	$	11.9
Buildings	84.8		82.3
Machinery and equipment	424.0		392.6
Leased property under finance leases	39.2		35.8
Total property, plant and equipment	560.1		522.6
Less: Accumulated depreciation	322.5		303.2
Property, plant and equipment, net	$	237.6	$	219.4

Schedule of depreciation expense

	Year Ended December 31,
	2019		2018		2017
Depreciation expense	$	27.7	$	29.4	$	24.9

Changes in product warranty liability

The following table presents the changes in the Company’s product warranty liability:

	Year Ended December 31,
	2019			2018			2017
Balance at January 1	$	6.2		$	7.9		$	7.1
Claims paid during the year	(4.1		)	(5.3		)	(4.0		)
Warranty expense	4.3			3.6			4.7
Acquired warranty liabilities	—			—			0.1
Balance at December 31	$	6.4		$	6.2		$	7.9

Weighted-average number of shares used in computing earnings per share

The following table sets forth the weighted-average number of shares used in the computation of earnings per share:

	Year Ended December 31,
	2019	2018	2017
	(In whole shares)
Weighted average basic shares outstanding	12,225,481	12,255,490	12,211,978
Dilutive impact of employee stock awards	153,608	253,023	243,963
Weighted average diluted shares outstanding	12,379,089	12,508,513	12,455,941