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Statements of Consolidated Income (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Jun. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Income Statement [Abstract]          
Revenues $ 393.1 $ 332.8   $ 1,196.5 $ 1,044.4
Costs and expenses:          
Cost of products sold, excluding depreciation and amortization and other items1 [1] 323.3 256.4   983.4 808.7
Depreciation and amortization 11.0 10.2   32.4 29.3
Selling, general, administrative, research and development [2] 23.9 24.7   73.9 74.7
Goodwill impairment 0.0 0.0 $ 18.4 0.0 18.4
Other operating charges, net 0.0 0.0   0.1 0.0
Total costs and expenses 358.2 291.3   1,089.8 931.1
Operating income 34.9 41.5   106.7 113.3
Other income (expense):          
Interest expense (5.7) (5.3)   (17.0) (16.4)
Other income (expense), net 0.7 (0.2)   0.3 0.5
Income before income taxes 29.9 36.0   90.0 97.4
Income tax provision (8.2) (16.1)   (21.9) (36.8)
Net income $ 21.7 $ 19.9   $ 68.1 $ 60.6
Net income per common share:          
Basic (in dollars per share) $ 1.31 $ 1.18   $ 4.09 $ 3.55
Diluted (in dollars per share) $ 1.29 $ 1.16   $ 4.03 $ 3.49
Weighted-average number of common shares outstanding (in thousands):          
Basic (shares) 16,573 16,834   16,654 17,072
Diluted (shares) 16,783 17,160   16,882 17,363
Cash dividends declared (in dollars per share) $ 0.55 $ 0.50   $ 1.65 $ 1.50
[1] See Note 5 for discussion of our adoption of ASU 2017-12 (as defined in Note 1) and the related reclassification of amounts previously presented in the Statements of Consolidated Income within Unrealized (gain) loss on derivative instruments and now included within Cost of products sold, excluding depreciation and amortization and other items.
[2] See Note 1 for discussion of our adoption of ASU 2017-07 (as defined in Note 1) and the related reclassification of amounts previously presented in the Statements of Consolidated Income within Selling, general, administrative, research and development and now included within Other income (expense).