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Statements of Consolidated Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Income Statement [Abstract]                      
Revenues $ 389.4 $ 393.1 $ 415.4 $ 388.0 $ 353.1 $ 332.8 $ 356.3 $ 355.3 $ 1,585.9 $ 1,397.5 $ 1,330.6
Cost of Goods and Services Sold 317.3 323.3 343.4 316.7 277.2 256.4 289.6 262.7 1,300.7 [1] 1,085.9 [1] 1,000.8 [1]
Costs and expenses:                      
Lower of cost or market inventory write-down                 0.0 0.0 4.9
Depreciation and amortization                 43.9 39.7 36.0
Selling, general, administrative, research and development [2]                 96.3 97.5 105.0
Goodwill impairment             18.4   0.0 18.4 0.0
Other operating charges, net                 1.4 0.8 2.8
Total costs and expenses                 1,442.3 1,242.3 1,149.5
Operating income 36.9 34.9 34.7 37.1 41.9 41.5 12.5 59.3 143.6 155.2 181.1
Other expense:                      
Interest expense                 (22.7) (22.2) (20.3)
Other expense, net – Note 12                 (0.9) 0.0 (13.6)
Income before income taxes                 120.0 133.0 147.2
Income tax provision                 (28.3) (87.6) (55.5)
Net income $ 23.6 $ 21.7 $ 20.7 $ 25.7 $ (15.2) $ 19.9 $ 4.7 $ 36.0 $ 91.7 $ 45.4 $ 91.7
Net income per common share:                      
Basic (in dollars per share) $ 1.44 $ 1.31 $ 1.24 $ 1.54 $ (0.90) $ 1.18 $ 0.28 $ 2.07 $ 5.53 $ 2.67 $ 5.15
Diluted (in dollars per share) 1.41 1.29 1.22 1.51 (0.90) 1.16 0.27 2.04 $ 5.43 $ 2.63 $ 5.09
Weighted-average number of common shares outstanding (in thousands):                      
Basic (in shares)                 16,585 16,996 17,813
Diluted (in shares)                 16,874 17,259 18,033
Dividends declared per common share (in dollars per share) $ 0.55 $ 0.55 $ 0.55 $ 0.55 $ 0.50 $ 0.50 $ 0.50 $ 0.50 $ 2.20 $ 2.00 $ 1.80
[1] See Note 7 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 expense, net.