CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions |
12 Months Ended |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
| Income Statement [Abstract] |
|
|
|
| Net sales |
$ 1,364.3
|
$ 1,348.8
|
$ 1,651.9
|
| Cost of sales |
1,107.3
|
1,156.5
|
1,302.2
|
| Gross margin |
257.0
|
192.3
|
349.7
|
| Selling, general and administrative expense |
172.6
|
178.0
|
191.9
|
| Other operating income (expense): |
|
|
|
| Currency transaction gains (losses), net |
5.5
|
(0.1)
|
4.0
|
| Disposition of property and equipment |
(0.3)
|
(0.8)
|
(0.9)
|
| Other income (expense), net |
4.2
|
(0.9)
|
(0.7)
|
| Corporate expense |
(12.7)
|
(13.6)
|
(10.5)
|
| Income (loss) from operations |
81.1
|
(1.1)
|
149.7
|
| Other income (expense): |
|
|
|
| Interest and dividend income |
0.6
|
0.8
|
1.0
|
| Securities transactions, net |
|
(12.0)
|
|
| Interest expense |
(20.5)
|
(18.5)
|
(17.0)
|
| Income (loss) before income taxes |
61.2
|
(30.8)
|
133.7
|
| Income tax expense |
17.9
|
142.8
|
34.5
|
| Net income (loss) |
$ 43.3
|
$ (173.6)
|
$ 99.2
|
| Net income (loss) per basic and diluted share |
$ 0.37
|
$ (1.50)
|
$ 0.86
|
| Cash dividends per share |
$ 0.60
|
$ 0.60
|
$ 0.60
|
| Weighted average shares used in the calculation of net income (loss) per share |
115.9
|
115.9
|
115.9
|