Park-Ohio (PKOH) 10-K 12 Mar 20 2019 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Feb. 28, 2020	Jun. 28, 2019
Document and Entity Information [Abstract]
Entity Registrant Name	PARK OHIO HOLDINGS CORP
Entity Central Index Key	0000076282
Document Type	10-K
Document Period End Date	Dec. 31, 2019
Amendment Flag	false
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Shell Company	false
Entity Public Float			$ 442,186
Entity Common Stock, Shares Outstanding		12,666,202

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 56	$ 55.7
Accounts receivable, net	261.3	264.4
Inventories, net	327.2	317.8
Unbilled contract revenue	61.7	66.3
Other current assets	19.5	16.4
Total current assets	725.7	720.6
Property, plant and equipment, net	237.6
Property, plant and equipment, net		219.4
Operating lease right-of-use assets	64.3
Goodwill	108.4	103.4
Intangible assets, net	90.6	95.3
Pension assets	65	57
Other long-term assets	18.8	12.8
Total assets	1,310.4	1,208.5
Current liabilities:
Trade accounts payable	175	177.8
Current portion of long-term debt and short-term debt	16.8	17.9
Current portion of operating lease liabilities	11.9
Accrued employee compensation	25.7	27.5
Deferred revenue	35.7	39.5
Other accrued expenses	39.9	36.2
Total current liabilities	305	298.9
Long-term liabilities, less current portion:
Long-term debt	545.2	547.5
Long-term operating lease liabilities	53.6
Deferred income taxes	28.5	23.4
Other long-term liabilities	28.5	26.1
Total long-term liabilities	655.8	597
Capital stock, par value $1 a share
Serial preferred stock: Authorized -- 632,470 shares: Issued and outstanding -- none	0	0
Common stock: Authorized - 40,000,000 shares; Issued - 15,706,398 shares in 2019 and 15,555,275 in 2018	15.7	15.6
Additional paid-in capital	129.8	125.7
Retained earnings	298.2	265.9
Treasury stock, at cost, 3,040,623 shares in 2019 and 2,928,869 shares in 2018	(71.1)	(67.3)
Accumulated other comprehensive loss	(37)	(40.9)
Total Park-Ohio Holdings Corp. and Subsidiaries shareholders' equity	335.6	299
Noncontrolling interests	14	13.6
Total equity	349.6	312.6
Total liabilities and shareholders' equity	$ 1,310.4	$ 1,208.5

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Capital stock, par value (in dollars per share)	$ 1	$ 1
Serial preferred stock, shares authorized (in shares)	632,470	632,470
Serial preferred stock, shares issued (in shares)	0	0
Serial preferred stock, shares outstanding (in shares)	0	0
Common stock, shares authorized (in shares)	40,000,000	40,000,000
Common stock, shares issued (in shares)	15,706,398	15,555,275
Treasury stock, shares (in shares)	3,040,623	2,928,869

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Statement [Abstract]
Net sales	$ 1,618.3	$ 1,658.1	$ 1,412.9
Cost of sales	1,358	1,386.6	1,180.1
Gross profit	260.3	271.5	232.8
Selling, general and administrative expenses	177.2	176.1	152.3
Gain on sale of assets	0	(1.9)	0
Litigation settlement gain	0	0	(3.3)
Operating income	83.1	97.3	83.8
Other components of pension income and other postretirement benefits expense, net	5.6	8.8	6.4
Interest expense, net	(33.8)	(34.3)	(31.5)
Loss on extinguishment of debt	0	0	(11)
Income before income taxes	54.9	71.8	47.7
Income tax expense	(15.2)	(16.6)	(18.2)
Net income	39.7	55.2	29.5
Net income attributable to noncontrolling interest	(1.1)	(1.6)	(0.9)
Net income attributable to ParkOhio common shareholders	$ 38.6	$ 53.6	$ 28.6
Earnings per common share attributable to ParkOhio common shareholders:
Basic (in dollars per share)	$ 3.16	$ 4.37	$ 2.34
Diluted (in dollars per share)	$ 3.12	$ 4.28	$ 2.30
Weighted-average shares used to compute earnings per share:
Basic (in shares)	12,225,481	12,255,490	12,211,978
Diluted (in shares)	12,379,089	12,508,513	12,455,941

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Statement of Comprehensive Income [Abstract]
Net income	$ 39.7	$ 55.2	$ 29.5
Other comprehensive income (loss):
Currency translation	(1.1)	(9.7)	19.2
Pensions and other postretirement benefits, net of tax	5	(13.3)	5.6
Total other comprehensive income (loss)	3.9	(23)	24.8
Total comprehensive income, net of tax	43.6	32.2	54.3
Comprehensive income attributable to noncontrolling interest	(1.1)	(1.6)	(0.9)
Comprehensive income attributable to ParkOhio common shareholders	$ 42.5	$ 30.6	$ 53.4

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($) $ in Millions		Total	Common Stock	Additional Paid-In Capital	Retained Earnings	Treasury Stock	Accumulated Other Comprehensive (Loss) Income	Noncontrolling Interest
Beginning balance (in shares) at Dec. 31, 2016			14,846,035
Beginning balance at Dec. 31, 2016		$ 236	$ 14.9	$ 108.8	$ 193.6	$ (48.6)	$ (42.7)	$ 10
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Comprehensive income		54.3			28.6		24.8	0.9
Stock-based compensation		8.6		8.6
Restricted stock awards issued (in shares)			266,280
Restricted stock awards issued		0	$ 0.3	(0.3)
Restricted stock cancelled (in shares)			(2,000)
Restricted stock cancelled		0
Performance shares issued (in shares)			4,694
Performance shares issued		0
Exercise of stock options (in shares)			38,000
Exercise of stock options		0.7		0.7
Dividends		(6.9)			(6.3)			(0.6)
Purchase of treasury stock		(6.6)				(6.6)
Acquisition adjustment		1.7						1.7
Other		0.2			0.2
Ending balance (in shares) at Dec. 31, 2017			15,153,009
Ending balance at Dec. 31, 2017		$ 288	$ 15.2	117.8	216.1	(55.2)	(17.9)	12
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cash dividends per common share (in dollars per share)		$ 0.5
Comprehensive income		$ 32.2			53.6		(23)	1.6
Stock-based compensation		8.3		8.3
Restricted stock awards issued (in shares)			410,100
Restricted stock awards issued		0	$ 0.4	(0.4)
Restricted stock cancelled (in shares)			(7,834)
Restricted stock cancelled		0
Dividends		(6.4)			(6.4)
Purchase of treasury stock		(12.1)				(12.1)
Ending balance (in shares) at Dec. 31, 2018			15,555,275
Ending balance at Dec. 31, 2018		$ 312.6	$ 15.6	125.7	265.9	(67.3)	(40.9)	13.6
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cash dividends per common share (in dollars per share)		$ 0.5
Comprehensive income		$ 43.6			38.6		3.9	1.1
Stock-based compensation		4.1		4.1
Restricted stock awards issued (in shares)	[1]		266,123
Restricted stock awards issued	[1]	0.1	$ 0.2	(0.1)
Restricted stock cancelled (in shares)			(115,000)
Restricted stock cancelled		0	$ (0.1)	0.1
Dividends		(7)			(6.3)			(0.7)
Purchase of treasury stock		(3.8)				(3.8)
Ending balance (in shares) at Dec. 31, 2019			15,706,398
Ending balance at Dec. 31, 2019		$ 349.6	$ 15.7	$ 129.8	$ 298.2	$ (71.1)	$ (37)	$ 14
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cash dividends per common share (in dollars per share)		$ 0.5
[1]	Includes 52,173 restricted share units converted to common stock.

Consolidated Statements of Sh_2

Consolidated Statements of Shareholders' Equity (Parenthetical) - shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Statement of Stockholders' Equity [Abstract]
Purchase of treasury stock (in shares)	111,754	304,512	178,243
Restricted share units converted to common stock (in shares)	52,173

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
OPERATING ACTIVITIES
Net income	$ 39.7	$ 55.2	$ 29.5
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	34.2	36.3	31.5
Stock-based compensation	4.1	8.3	8.6
Gain on sale of assets	0	(1.9)	0
Loss on extinguishment of debt	0	0	11
Litigation settlement gain	0	0	(3.3)
Deferred income taxes	1.4	0.6	5.6
Net impact of Tax Cuts and Jobs Act	0	0.3	4.2
Changes in operating assets and liabilities:
Accounts receivable	6.5	(11.9)	(25.1)
Inventories	(7.2)	(29.4)	(19)
Prepaid and other current assets	3.5	(9.7)	(4.4)
Accounts payable and accrued expenses	(14.1)	15.5	23.8
Other noncurrent liabilities	0.2	(2)	(4.3)
Litigation settlement payment	0	0	(4)
Other	(4.6)	(6.5)	(7.4)
Net cash provided by operating activities	63.7	54.8	46.7
INVESTING ACTIVITIES
Purchases of property, plant and equipment	(40.1)	(45.1)	(27.9)
Proceeds from sale of assets	0	2.8	0
Business acquisitions, net of cash acquired	(8.1)	(46.9)	(39.7)
Net cash used by investing activities	(48.2)	(89.2)	(67.6)
FINANCING ACTIVITIES
Proceeds from (payments on) revolving credit facility, net	7.8	40.3
Proceeds from (payments on) revolving credit facility, net			(8.1)
Payments on term loans and other debt	(10.3)	(15.5)	(31.3)
Proceeds from other long-term debt	1.4	4	0
(Payments on) proceeds from finance lease facilities, net	(3.4)	(0.9)
(Payments on) proceeds from finance lease facilities, net			1.5
Issuance of 6.625% senior notes due 2027	0	0	350
Deferred financing costs	0	0	(7.6)
Repurchase of 8.125% senior notes due 2021	0	0	(250)
Premium on early extinguishment of debt	0	0	(8)
Dividends	(7)	(6.4)	(6.9)
Purchases of treasury stock	(0.9)	(9)	(4.2)
Payments of withholding taxes on stock awards	(2.9)	(3.1)	(2.4)
Other	0	0	0.7
Net cash (used) provided by financing activities	(15.3)	9.4	33.7
Effect of exchange rate changes on cash	0.1	(2.1)	5.7
Increase (decrease) in cash and cash equivalents	0.3	(27.1)	18.5
Cash and cash equivalents at beginning of year	55.7	82.8	64.3
Cash and cash equivalents at end of year	56	55.7	82.8
Income taxes paid	12.3	21	11.3
Interest paid	$ 31.5	$ 33	$ 29.9

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Parenthetical) - Senior Notes	Dec. 31, 2017
Senior Notes 6.625% Due 2027
Senior notes, interest rate	6.625%
Senior Notes 8.125% Due 2021
Senior notes, interest rate	8.125%

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Consolidation and Basis of Presentation: Park-Ohio Holdings Corp. (“ParkOhio,” “we” or the “Company”) is a diversified international company providing world-class customers with a supply chain management outsourcing service, capital equipment used on their production lines, and manufactured components used to assemble their products. The Company operates through three reportable segments: Supply Technologies, Assembly Components and Engineered Products. The consolidated financial statements include the accounts of the Company and all of its majority-owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. The Company does not have off-balance sheet arrangements or financings with unconsolidated entities or other persons. The Company leases certain real properties owned by related parties as described in Note 11 . Transactions with related parties are not material to the Company’s financial position, results of operations or cash flows. Accounting Estimates: The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts in the consolidated financial statements. Actual results could differ from those estimates. Cash Equivalents: The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents. Accounts Receivable and Allowance for Doubtful Accounts: Accounts receivable are recorded at net realizable value. Accounts receivable are reduced by an allowance for amounts that may become uncollectable in the future. The allowance for doubtful accounts was $4.9 million and $6.2 million at December 31, 2019 and 2018 , respectively. The Company’s policy is to identify and reserve for specific collectability concerns based on customers’ financial condition and payment history as well as a general reserve based on historical trends and other information. During 2019 and 2018 , we sold, without recourse, $112.7 million and $106.8 million , respectively, of accounts receivable to mitigate accounts receivable concentration risk and to increase working capital efficiency. Sales of accounts receivable are reflected as a reduction of accounts receivable in the Consolidated Balance Sheets, and the proceeds are included in cash flows from operating activities in the Consolidated Statements of Cash Flows. Expense in the amount of $1.1 million and $1.0 million in 2019 and 2018 , respectively, related to the discount on sale of accounts receivable is recorded in the Consolidated Statements of Income. Inventories: Inventories are valued using first-in, first-out (“FIFO”) or the weighted-average inventory method and stated at the lower of cost or net realizable value, except for the inventories at Canton Drop Forge (“CDF”), which was acquired on February 1, 2018. CDF inventories are stated using the last-in, first-out (“LIFO”) method. 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: Property, plant and equipment is carried at cost. Additions and improvements that extend the lives of assets are capitalized, and expenditures for repairs and maintenance are charged to operations as incurred. Depreciation of fixed assets, including amounts capitalized under finance leases, is computed principally by the straight-line method based on the estimated useful lives of the assets ranging from five to 40 years for buildings, and one to 20 years for machinery and equipment (with the majority in the range of three to ten years). 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 Year Ended December 31, 2019 2018 2017 Depreciation expense $ 27.7 $ 29.4 $ 24.9 Goodwill and Indefinite-Lived Assets: In accordance with Accounting Standards Codification (“ASC”) 350, “Intangibles — Goodwill and Other” (“ASC 350”), goodwill and indefinite life intangible assets are not amortized but rather are tested annually for impairment as of October 1, or whenever events or changes in circumstances indicate there may be an indicator of impairment in accordance with ASC 350 . Goodwill is tested for impairment at the reporting unit level and is based on the net assets of each reporting unit, including goodwill and intangible assets, compared to its fair value. Our reporting units have been identified one level below the operating segment level. The Company completed its annual goodwill and indefinite-lived intangibles impairment testing as of October 1 of each year, noting no impairment. To determine fair value, the Company uses an income approach, utilizing a discounted cash flow model based on forecasted cash flows and weighted average cost of capital for its goodwill testing, and a relief of royalty method for its indefinite-lived intangibles testing. See Notes 5 and 6 for additional disclosures about goodwill and indefinite-lived intangibles. Impairment of Other Long-Lived Assets: Other long-lived assets, including operating lease right-of-use assets, are reviewed for impairment whenever events or changes in circumstances indicate the carrying amount may not be recoverable. Upon indications of impairment, assets and liabilities are grouped at the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities. The asset group would be considered impaired when the estimated future net undiscounted cash flows generated by the asset group are less than its carrying value. Impairment losses are measured by comparing the estimated fair value of the asset group to its carrying value. Fair Values of Financial Instruments: Certain financial instruments are required to be recorded at fair value. The Company measures financial assets and liabilities at fair value in three levels of inputs. The three-tier fair value hierarchy, which prioritizes the inputs used in the valuation methodologies, is as follows: Level 1 — Valuations based on quoted prices for identical assets and liabilities in active markets. Level 2 — Valuations based on observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data. Level 3 — Valuations based on unobservable inputs reflecting our own assumptions, consistent with reasonably available assumptions made by other market participants. These valuations require significant judgment. Changes in assumptions or estimation methods could affect the fair value estimates; however, we do not believe any such changes would have a material impact on our financial condition, results of operations or cash flows. The carrying value of cash and cash equivalents, accounts receivable, accounts payable and borrowings under the Credit Agreement (as defined in Note 7 ) approximate fair value at December 31, 2019 and December 31, 2018 because of the short-term nature of these instruments. The fair values of long-term debt and pension plan assets are disclosed in Note 7 and Note 12 , respectively. The Company has not changed its valuation techniques for measuring fair value during 2019 , and there were no transfers between levels during the periods presented. Pension and Other Postretirement Benefits: We account for our pensions and other post-retirement benefits in accordance with ASC Topic 715, "Compensation — Retirement Benefits." Net actuarial gains and losses are amortized to expense when they exceed the 10% accounting corridor, based on the greater of the plan assets or benefit obligations, over an average employee future service period. Refer to Note 12 for more information. Income Taxes: The Company accounts for income taxes under the asset and liability method, whereby deferred tax assets and liabilities are determined based on temporary differences between the financial reporting and the tax bases of assets and liabilities and are measured using the current enacted tax rates. In determining these amounts, management determined the probability of realizing deferred tax assets, taking into consideration factors including historical operating results, cumulative earnings and losses, expectations of future earnings, taxable income and the extended period of time over which the postretirement benefits will be paid. As required by ASC 740, “Income Taxes” (“ASC 740”), the Company records valuation allowances if, based on the weight of available evidence, it is more likely than not that all or some portion of our deferred tax assets will not be realized. Revenue Recognition: The Company recognizes revenue, other than from long-term contracts within the Engineered Products segment, when its obligations under the contract terms are satisfied and control transfers to the customer, typically upon shipment. Revenue from certain long-term contracts is accounted for over time, when products are manufactured or services are performed, as control transfers under these arrangements. We follow this method since reasonably reliable estimates of revenue and costs of a contract can be made. See Note 2 for additional disclosure on revenue. Cost of Sales : Cost of sales is primarily comprised of direct materials and supplies consumed in the manufacture of product; manufacturing labor, depreciation expense and direct overhead expense; and shipping and handling costs. Concentration of Credit Risk: The Company sells its products to customers in diversified industries. The Company performs ongoing credit evaluations of its customers’ financial condition but does not require collateral to support customer receivables. The Company establishes an allowance for doubtful accounts based upon factors surrounding the credit risk of specific customers, historical trends and other information. As of December 31, 2019 , the Company had uncollateralized receivables with six customers in the automotive industry, each with several locations, aggregating $ 44.8 million , which represented approximately 17% of the Company’s trade accounts receivable. During 2019 , sales to these customers amounted to approximately $ 280.6 million , which represented approximately 17% of the Company’s net sales. Environmental: The Company expenses environmental costs related to existing conditions resulting from past or current operations and from which no current or future benefit is discernible. Costs that extend the life of the related property or mitigate or prevent future environmental contamination are capitalized. The Company records a liability when environmental assessments and/or remedial efforts are probable and can be reasonably estimated. The estimated liability of the Company is not reduced for possible recoveries from insurance carriers and is undiscounted. Foreign Currency Translation: The functional currency of the Company's subsidiaries outside the United States is the local currency. Financial statements are translated into U.S. dollars at year-end exchange rates for assets and liabilities and weighted-average exchange rates during the period for revenues and expenses. The resulting translation adjustments are recorded in Accumulated other comprehensive income (loss) in shareholders’ equity. Gains and losses resulting from foreign currency transactions, including intercompany transactions that are not considered long-term investments, are included in the Consolidated Statements of Income. Warranties: The Company estimates the amount of warranty claims on sold products that may be incurred based on current and historical data. The actual warranty expense could differ from the estimates made by the Company based on product performance. 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 Outstanding stock awards with exercise prices greater than the average price of the common shares are anti-dilutive and are not included in the computation of diluted earnings per share. For the years ended December 31, 2019 , 2018 and 2017 , the anti-dilutive shares were insignificant. Accounting Standards Adopted In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-02, “Leases (Topic 842).” This accounting standard requires that a lessee recognize a right-of-use asset and a lease liability on its balance sheet for all leases, including operating leases, with a term greater than 12 months. In July 2018, the FASB issued updated guidance, which allows an additional transition method to adopt the new leases standard at the adoption date, rather than as of the beginning of the earliest period presented. The Company elected to transition to the new standard on its effective date of January 1, 2019 and therefore did not adjust its prior period financial information. On the transition date, we recognized operating right-of-use assets and related lease liabilities of $69.7 million . We elected the package of transition provisions available for expired or existing contracts, which allowed us to carryforward our historical assessments of (1) whether contracts are or contain leases, (2) lease classification and (3) initial direct costs. The Company also made an accounting policy election not to record a right-of-use asset or lease liability related to leases with an initial term of 12 months or less, and elected to not separate lease and non-lease components for all leases. See Note 10, "Leases" for additional disclosure. In February 2018, the FASB issued ASU 2018-02, “Income Statement-Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income.” The ASU affects any entity that is required to apply the provisions of Topic 220, “Income Statement-Reporting Comprehensive Income,” and has items of other comprehensive income for which the related tax effects are presented in other comprehensive income as required by GAAP. The Company has evaluated ASU 2018-02 and has decided not to make the election to reclassify the income tax effects of the TCJA from accumulated other comprehensive income to retained earnings. Recent Accounting Standards Not Yet Adopted In June 2016, the FASB issued ASU 2016-13, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses of Financial Instruments,” which replaces the current incurred loss impairment model with a methodology that reflects expected credit losses. Under the new methodology, entities will be required to measure expected credit losses on financial instruments held at amortized cost, including trade receivables, based on historical experience, current conditions and reasonable forecasts. Adoption of this guidance is required for interim and annual periods beginning after December 15, 2019. We plan to adopt this standard as of January 1, 2020. The Company is in the process of evaluating the impact of the new standard but does not expect adoption to have a material impact. No other recently issued ASUs are expected to have a material impact on our results of operations, financial condition or liquidity.

Revenue

Revenue	12 Months Ended
	Dec. 31, 2019
Revenue from Contract with Customer [Abstract]
Revenue	Revenue Substantially all of the Company’s contracts have a single performance obligation to transfer products to or, in limited cases, perform services for the customer. Accordingly, the Company recognizes revenue when its obligations under the contract terms are satisfied and control transfers to the customer. Revenue is recognized at an amount that reflects the consideration the Company expects to receive in exchange for the good or service, including estimated provisions for rebates, discounts, returns and allowances. The Company sells its products both directly to customers, and in limited cases, through distributors, generally under agreements with payment terms between 30 - 90 days; the Company has no financing components. The majority of the Company’s revenue is derived from contracts (i) with an original contract length of one year or less, or (ii) for which it recognizes revenue at the amount at which it has the right to invoice as products or services are delivered. The Company has elected the practical expedient not to disclose the value of remaining performance obligations associated with these types of contacts. The Company also has certain contracts which contain performance obligations that are immaterial in the context of the contract with the customer. The Company has elected the practical expedient not to assess whether these promised goods or services are performance obligations. Supply Technologies provides our customers with Total Supply Management™, a proactive solutions approach that manages the efficiencies of every aspect of supplying production parts and materials to our customers’ manufacturing floor, from strategic planning to program implementation. Within this segment, contracts routinely consist of a long-term agreement or master service agreement with quantity and pricing specified through individual purchase orders. Revenue is recognized at a point in time, which is the shipping point, as that is when control transfers to the customer. Assembly Components designs, develops and manufactures: aluminum products; highly efficient, high pressure direct fuel injection fuel rails and pipes; fuel filler pipes that route fuel from the gas cap to the gas tank; and flexible multi-layer plastic and rubber assemblies used to transport fuel from the vehicle's gas tank and then, at extreme high pressure, to the engine's fuel injector nozzles. Within this segment, contracts routinely consist of a long-term agreement or master service agreement with quantity and pricing specified through individual purchase orders. Revenue is recognized at a point in time, which is at the shipping point, as that is when control transfers to the customer. Engineered Products operates a diverse group of niche manufacturing businesses that design and manufacture a broad range of highly-engineered products, including induction heating and melting systems, pipe threading systems and forged and machined products. Engineered Products also produces and provides services and spare parts for the equipment it manufactures. In this segment, revenue is recognized for certain revenue streams at a point in time, and over time for other revenue streams. For point in time arrangements, revenue is recognized at the shipping point, as that is when control transfers to the customer. For over time arrangements, revenue is recognized over the time during which products are manufactured or services are performed, as control transfers under these arrangements over a period of time. Over time arrangements represent 18% of the Company's total consolidated sales for the year ended December 31, 2019. The Company uses the input method to calculate the contract revenues to be recognized, which utilizes costs incurred to date in relation to total expected costs to satisfy the Company’s performance obligation under the contract. Incurred costs represent work performed and therefore best depict the transfer of control to the customer. For over time arrangements, contract liabilities primarily relate to advances or deposits received from the Company’s customers before revenue is recognized. These amounts, which totaled $35.7 million and $39.5 million at December 31, 2019 and December 31, 2018, respectively, are recorded as Deferred revenue in the Consolidated Balance Sheets. For over time arrangements, contract assets primarily relate to revenue recognized in advance of billings to customers under long-term contracts accounted for under percentage of completion. These amounts, which totaled $61.7 million and $66.3 million at December 31, 2019 and December 31, 2018, respectively, are recorded as Unbilled contract revenue in the Consolidated Balance Sheets. The Company has elected to account for shipping and handling as activities to fulfill the promise to transfer its products. As such, shipping and handling fees billed to customers in a sales transaction are recorded in Net sales, and shipping and handling costs incurred are recorded in Cost of sales. The Company has elected to exclude from Net sales any value-added, sales or other taxes which it collects concurrent with revenue-producing activities. We disaggregate our revenue by product line and geographic region of our customer, as we believe these criteria best depict how the nature, amount, timing and uncertainty of our revenues and cash flows are affected by economic factors. See details in the tables below. Year Ended December 31, 2019 2018 PRODUCT LINE Supply Technologies $ 532.9 $ 555.3 Engineered specialty fasteners and other products 78.6 81.5 Supply Technologies Segment 611.5 636.8 Fuel, rubber and plastic products 353.8 382.5 Aluminum products 185.7 195.8 Assembly Components Segment 539.5 578.3 Industrial equipment 323.8 312.1 Forged and machined products 143.5 130.9 Engineered Products Segment 467.3 443.0 Total revenues $ 1,618.3 $ 1,658.1 Supply Technologies Segment Assembly Components Segment Engineered Products Segment Total Revenues Year Ended December 31, 2019 GEOGRAPHIC REGION United States $ 404.5 $ 388.1 $ 271.3 $ 1,063.9 Europe 98.0 14.6 80.2 192.8 Asia 40.3 21.4 66.2 127.9 Mexico 54.7 37.3 13.8 105.8 Canada 12.2 76.7 23.9 112.8 Other 1.8 1.4 11.9 15.1 Total $ 611.5 $ 539.5 $ 467.3 $ 1,618.3 Year Ended December 31, 2018 GEOGRAPHIC REGION United States $ 421.8 $ 410.2 $ 254.3 $ 1,086.3 Europe 98.2 7.8 77.3 183.3 Asia 49.2 30.0 61.2 140.4 Mexico 53.3 34.0 16.2 103.5 Canada 13.3 94.9 22.5 130.7 Other 1.0 1.4 11.5 13.9 Total $ 636.8 $ 578.3 $ 443.0 $ 1,658.1

Segments

Segments	12 Months Ended
	Dec. 31, 2019
Segment Reporting [Abstract]
Segments	Segments The Company operates through three reportable segments: Supply Technologies, Assembly Components and Engineered Products. Supply Technologies provides our customers with Total Supply Management™ services for a broad range of high-volume, specialty production components. Assembly Components manufactures cast aluminum components, automotive and industrial rubber and thermoplastic products, gasoline direct injection systems, fuel filler and hydraulic assemblies for automotive, agricultural equipment, construction equipment, heavy-duty truck and marine equipment industries, and also provides value-added services such as design and engineering, machining and assembly. Engineered Products operates a diverse group of niche manufacturing businesses that design and manufacture a broad range of high-quality products engineered for specific customer applications. For purposes of measuring business segment performance, the chief operating decision maker utilizes segment operating income, which is defined as revenues less expenses identifiable to the product lines within each segment. The Company does not allocate items that are non-operating; unusual in nature; or are corporate costs, which include but are not limited to executive compensation and corporate office costs. Segment operating income reconciles to consolidated income before income taxes by deducting corporate costs, certain non-cash and/or non-operating items; Other components of pension income and other postretirement benefits (“OPEB”) expense, net; and interest expense, net. Results by business segment were as follows: Year Ended December 31, 2019 2018 2017 Net sales: Supply Technologies $ 611.5 $ 636.8 $ 561.8 Assembly Components 539.5 578.3 524.5 Engineered Products 467.3 443.0 326.6 $ 1,618.3 $ 1,658.1 $ 1,412.9 Segment operating income: Supply Technologies $ 42.0 $ 49.0 $ 43.3 Assembly Components 36.2 42.9 47.8 Engineered Products 37.7 38.4 19.5 Total segment operating income 115.9 130.3 110.6 Corporate costs (28.5 ) (34.9 ) (30.1 ) One-time net expense related to former President (4.3 ) — — Gain on sale of assets — 1.9 — Litigation settlement gain — — 3.3 Operating income 83.1 97.3 83.8 Other components of pension income and other postretirement benefits expense, net 5.6 8.8 6.4 Interest expense, net (33.8 ) (34.3 ) (31.5 ) Loss on extinguishment of debt — — (11.0 ) Income before income taxes $ 54.9 $ 71.8 $ 47.7 Year Ended December 31, 2019 2018 2017 Capital expenditures: Supply Technologies $ 6.1 $ 5.2 $ 3.3 Assembly Components 19.5 24.3 18.6 Engineered Products 14.3 15.4 5.7 Corporate 0.2 0.2 0.3 $ 40.1 $ 45.1 $ 27.9 Depreciation and amortization expense: Supply Technologies $ 4.8 $ 5.3 $ 4.7 Assembly Components 20.1 22.2 20.7 Engineered Products 8.8 8.4 5.6 Corporate 0.5 0.4 0.5 $ 34.2 $ 36.3 $ 31.5 Identifiable assets: Supply Technologies $ 355.9 $ 330.1 $ 344.4 Assembly Components 413.4 378.3 351.4 Engineered Products 455.1 433.1 353.6 Corporate 86.0 67.0 83.1 $ 1,310.4 $ 1,208.5 $ 1,132.5 At December 31, 2019 , 2018 and 2017 , approximately 71% , 68% and 65% , respectively, of the Company’s assets were located in the United States.

Acquisitions

Acquisitions	12 Months Ended
	Dec. 31, 2019
Business Combinations [Abstract]
Acquisitions	Acquisitions On May 31, 2019, the Company acquired EFCO, Inc. d/b/a Erie Press Systems (“EP”) for $9.1 million , including potential contingent consideration. EP, which had revenue of approximately $12 million since the date of the acquisition, is an industry-recognized leader in the manufacturing of advanced forging presses, hydraulic and mechanical presses, and metal stretch-forming and carbon extrusion machines for several end markets, including aerospace and defense, primary metals and high-speed rail. EP is included in the Company's Engineered Products segment. During 2019, the Company paid $8.1 million in cash (net of $10.4 million of cash and cash equivalents acquired). In addition, the purchase agreement stipulates potential contingent consideration of up to an additional $1.0 million based on two-year cumulative earnings before interest and taxes. The estimated fair value of the contingent consideration, valued using level 3 inputs, was approximately $1.0 million as of December 31, 2019, resulting in total consideration of $9.1 million . The allocation of the purchase price for EP was finalized in 2019. Below is the purchase price allocation as of December 31, 2019 related to the acquisition of EP: Current assets $ 6.4 Current liabilities (6.4 ) Property, plant and equipment 2.9 Intangible assets 1.8 Goodwill 5.2 Deferred income tax liabilities (0.8 ) Total purchase price (including potential contingent consideration) 9.1 Goodwill associated with the EP acquisition is not deductible for income tax purposes. On February 1, 2018, the Company acquired CDF for $35.6 million in cash for its Engineered Products segment. CDF manufactures forgings for high-performance applications in the global aerospace, oil and gas, and other markets. On October 1, 2018, the Company acquired Hydrapower Dynamics Limited (“Hydrapower”) for $7.8 million in cash for its Assembly Components segment. Headquartered in Birmingham, England, Hydrapower is a manufacturer of fluid handling systems incorporating hoses, manipulated tubes and fabricated assemblies for the bus and truck, automotive, agricultural and construction end markets. During 2018, the Company made two other acquisitions in its Supply Technologies segment totaling a cash purchase price of $3.5 million . Both acquired companies distribute products into the aerospace and defense end markets.

Goodwill

Goodwill	12 Months Ended
	Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	Goodwill The changes in the carrying amount of goodwill by reportable segment are as follows: Supply Technologies Assembly Components Engineered Products Total Balance at January 1, 2018 $ 15.4 $ 54.1 $ 30.7 $ 100.2 Acquisitions and adjustments (0.5 ) 1.9 3.6 5.0 Foreign currency translation (0.7 ) — (1.1 ) (1.8 ) Balance at December 31, 2018 14.2 56.0 33.2 103.4 Acquisitions and adjustments — — 5.0 5.0 Foreign currency translation 0.4 — (0.4 ) — Balance at December 31, 2019 $ 14.6 $ 56.0 $ 37.8 $ 108.4

Other Intangible Assets

Other Intangible Assets	12 Months Ended
	Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Other Intangible Assets	Other Intangible Assets December 31, 2019 December 31, 2018 Weighted Average Remaining Useful Life (Years) Gross Value Accumulated Net Value Gross Value Accumulated Net Value Customer relationships 10.0 $ 86.6 $ 39.6 $ 47.0 $ 86.0 $ 34.5 $ 51.5 Indefinite-lived tradenames * 24.6 * 24.6 24.1 * 24.1 Technology 15.5 22.9 5.3 17.6 22.9 4.1 18.8 Other 7.5 4.8 3.4 1.4 4.1 3.2 0.9 Total $ 138.9 $ 48.3 $ 90.6 $ 137.1 $ 41.8 $ 95.3 * Not applicable, as these tradenames have an indefinite life. Amortization expense of other intangible assets as follows: Year Ended December 31, 2019 2018 2017 Amortization expense $ 6.5 $ 6.9 $ 6.6 We estimate amortization expense for the five years subsequent to December 31, 2019 as follows: 2020 $ 6.5 2021 $ 6.5 2022 $ 6.4 2023 $ 6.3 2024 $ 6.1

Financing Arrangements

Financing Arrangements	12 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
Financing Arrangements	Financing Arrangements Debt consists of the following: Carrying Value at Maturity Date Interest Rate at December 31, 2019 December 31, 2019 December 31, 2018 Senior Notes due 2027 April 15, 2027 6.625 % $ 350.0 $ 350.0 Revolving credit facility November 26, 2024 2.85 % 173.2 165.1 Industrial Equipment Group European Facilities December 21, 2021 3.25 % 4.6 12.6 Finance leases Various Various 17.2 20.7 Other Various Various 23.5 24.7 Total debt 568.5 573.1 Less: Current portion of long-term debt and short-term debt (16.8 ) (17.9 ) Less: Unamortized debt issuance costs (6.5 ) (7.7 ) Total long-term debt, net $ 545.2 $ 547.5 In 2018, Park-Ohio Industries, Inc. (“Park-Ohio”), the operating subsidiary of Park-Ohio Holdings Corp., entered into Amendment No. 1 to Seventh Amended and Restated Credit Agreement (the “Credit Agreement”) with a group of banks to increase the revolving credit facility from $350.0 million to $375.0 million , the Canadian revolving subcommitment from $35.0 million to $40.0 million and the European revolving subcommitment from $25.0 million to $30.0 million . Furthermore, Park-Ohio has the option, pursuant to the Amended Credit Agreement, to increase the availability under the revolving credit facility by an aggregate incremental amount up to $100.0 million . In November 2019, Park-Ohio entered into Amendment No. 4 to the Credit Agreement, extending the maturity of the Credit Agreement to November 26, 2024. In April 2017, Park-Ohio completed the issuance, in a private placement, of $350.0 million aggregate principal amount of 6.625% Senior Notes due 2027 (the “Notes”). Interest on the Notes is payable semi-annually in arrears on April 15 and October 15 of each year, and the Notes mature on April 15, 2027. The Notes are unsecured senior obligations of Park-Ohio and are guaranteed on an unsecured senior basis by the 100% owned material domestic subsidiaries of Park-Ohio. On December 21, 2016, the Company, through its subsidiary, IEGE Industrial Equipment Holding Company Limited, entered into a financing agreement with Banco Bilbao Vizcaya Argentaria, S.A. The financing agreement provides the Company a loan up to $28.1 million as of December 31, 2019 , as well as a revolving credit facility for up to $11.2 million to fund working capital and general corporate needs. The Company had $4.6 million outstanding on the loan as of December 31, 2019 . No amounts have been drawn on the revolving credit facility as of December 31, 2019 . On August 13, 2015, the Company entered into a finance lease agreement (the “Lease Agreement”). The Lease Agreement provides the Company up to $50.0 million for finance leases. Finance lease obligations of $17.2 million were borrowed under the Lease Agreement as of December 31, 2019 to acquire machinery and equipment. See Note 11 for additional disclosure. On October 21, 2015, the Company, through its subsidiary, Southwest Steel Processing LLC, entered into a financing agreement with the Arkansas Development Finance Authority. The agreement provides the Company the ability to borrow up to $11.0 million for expansion of its manufacturing facility in Arkansas. The loan matures in September 2025. The Company has borrowed $8.4 million under this agreement as of December 31, 2019 . The following table represents fair value information of the Notes, classified as Level 1, at December 31, 2019 and 2018 . The fair value was estimated using quoted market prices. December 31, 2019 December 31, 2018 Carrying amount $ 350.0 $ 350.0 Fair value $ 358.3 $ 345.8 Maturities of short-term and long-term debt, excluding finance leases, during each of the five years subsequent to December 31, 2019 are as follows: 2020 $ 9.8 2021 $ 3.5 2022 $ 3.0 2023 $ 2.9 2024 $ 175.8 Foreign subsidiaries of the Company had $16.2 million of borrowings at December 31, 2019 and $26.1 million at December 31, 2018 . We had outstanding bank guarantees and letters of credit of approximately $ 33.8 million at December 31, 2019 and $ 27.5 million at December 31, 2018 under our credit arrangements. The weighted average interest rate on all debt was approximately 5.8% in 2019 and 2018 and 6.1% in 2017.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Income before income taxes consists of the following: Year Ended December 31, 2019 2018 2017 United States $ 26.2 $ 35.1 $ 21.4 Outside the United States 28.7 36.7 26.3 $ 54.9 $ 71.8 $ 47.7 Income taxes consists of the following: Year Ended December 31, 2019 2018 2017 Current expense: Federal $ 5.9 $ 6.4 $ 14.3 State 0.7 0.6 0.7 Foreign 7.2 9.0 7.6 13.8 16.0 22.6 Deferred expense (benefit): Federal 1.8 1.3 (5.4 ) State (0.2 ) 0.1 0.3 Foreign (0.2 ) (0.8 ) 0.7 1.4 0.6 (4.4 ) Income tax expense $ 15.2 $ 16.6 $ 18.2 The Tax Cuts and Jobs Act (the “TCJA”) was enacted on December 22, 2017. The TCJA reduced the US federal corporate tax rate from 35% to 21% , required companies to pay a one-time transition tax on earnings of certain foreign subsidiaries that were previously tax deferred, created new taxes on its global intangible low-taxed income (“GILTI”), and provided a foreign-derived intangible income deduction (“FDII”). In 2017, we recorded provisional amounts for certain enactment-date effects of the TCJA by applying the guidance in Staff Accounting Bulletin (“SAB”) 118 because we had not yet completed our enactment-date accounting for these effects. During 2018, the Company finalized its accounting for the 2017 enactment of the TCJA and recorded net expense of $0.3 million related to the remeasurement of taxes and the one-time transition tax. The TCJA subjects a U.S. shareholder to tax on GILTI earned by certain foreign subsidiaries. The FASB Staff Q&A, Topic 740, No. 5, Accounting for Global Intangible Low-Taxed Income, states that an entity can make an accounting policy election to either recognize deferred taxes for temporary basis differences expected to reverse as GILTI in future years or to provide for the tax expense related to GILTI in the year the tax is incurred as a period expense. We have elected to account for GILTI as a current period expense. The impact of GILTI at December 31, 2019 and 2018 was an increase in tax expense of $1.9 million and $3.1 million , respectively. The impact of FDII at December 31, 2019 and 2018 was a decrease in tax expense of $0.8 million and $0.6 million , respectively. A reconciliation of income tax expense computed by applying the statutory federal income tax rate to income tax expense as recorded is as follows: Year Ended December 31, 2019 2018 2017 Income tax at U.S. statutory rate $ 11.5 $ 15.1 $ 16.7 Effect of state income taxes, net 0.3 0.6 0.7 Effect of foreign operations 1.9 3.5 (5.2 ) Valuation allowance 0.6 (3.0 ) 5.3 Uncertain tax positions 0.1 (0.3 ) (2.0 ) Non-deductible items 0.3 0.5 0.5 Non-deductible compensation 2.2 0.8 0.4 Manufacturer's deduction — — (0.8 ) Foreign tax credit (1.7 ) (2.2 ) — Other tax credits (0.8 ) — — GILTI 1.9 3.1 — FDII (0.8 ) (0.6 ) — Net impact of TCJA — 0.3 4.2 Other, net (0.3 ) (1.2 ) (1.6 ) Income tax as recorded $ 15.2 $ 16.6 $ 18.2 Significant components of the Company’s net deferred income tax assets and liabilities are as follows: Year Ended December 31, 2019 2018 Deferred income tax assets: Postretirement benefit obligation $ 1.7 $ 1.8 Inventory 8.7 8.5 Net operating loss and credit carryforwards 11.6 11.4 Operating lease liabilities 13.8 — Accrued litigation — 0.1 Compensation 2.9 4.7 Disallowed interest 4.6 2.7 Other 4.8 4.0 Total deferred income tax assets 48.1 33.2 Deferred income tax liabilities: Depreciation and amortization 21.0 17.6 Pension 13.9 12.3 Intangible assets 16.8 16.1 Right-of-use assets 13.5 — Other 3.0 3.2 Total deferred income tax liabilities 68.2 49.2 Net deferred income tax liabilities prior to valuation allowances (20.1 ) (16.0 ) Valuation allowances (4.8 ) (5.3 ) Net deferred income tax liability $ (24.9 ) $ (21.3 ) At December 31, 2019 , the Company has U.S., state and foreign net operating loss carryforwards and U.S. foreign tax credit carryforwards for income tax purposes. The foreign net operating loss carryforward is $26.5 million , of which $12.4 million expires between 2020 and 2039 and the remainder has no expiration date. The Company has a tax benefit from a state net operating loss carryforward of $2.3 million that expires between 2020 and 2039 . The Company also has a non-consolidated U.S. net operating loss carryforward of $1.5 million that expires between 2036 and 2037 . The foreign tax credit carryforward is $0.1 million and expires in 2029 . As of December 31, 2019 and 2018 , the Company was not in a cumulative three -year loss position and it was determined that it was more likely than not that its U.S. deferred tax assets will be realized. For the year ended December 31, 2018 , the Company recorded a tax benefit of $6.3 million related to the reversal of valuation allowance, of which $3.0 million was recorded in income tax expense with the remainder reflected in deferred taxes. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income (including reversals of deferred tax liabilities). The Company reviews all valuation allowances related to deferred tax assets and will reverse these valuation allowances, partially or totally, when appropriate under ASC 740. A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows: 2019 2018 2017 Unrecognized Tax Benefit — January 1, $ 0.9 $ 1.2 $ 2.9 Gross Increases to Tax Positions Related to Current Year 0.5 0.1 0.1 Gross Increases to Tax Positions Related to Prior Years 2.6 — 0.6 Gross Decreases to Tax Positions Related to Prior Years — (0.1 ) — Gross Decreases related to settlements with taxing authorities — (0.1 ) (0.4 ) Expiration of Statute of Limitations (0.3 ) (0.2 ) (1.9 ) Other — — (0.1 ) Unrecognized Tax Benefit — December 31, $ 3.7 $ 0.9 $ 1.2 The total amount of unrecognized tax benefits that, if recognized, would affect the effective tax rate is $1.0 million at December 31, 2019 and $0.8 million at December 31, 2018 . The Company recognizes accrued interest and penalties related to unrecognized tax benefits in income tax expense. During the years ended December 31, 2019 and 2018 , the Company recognized a tax expense of approximately $0.1 million and a tax benefit of $0.1 million , respectively, in net interest and penalties due to the expiration of various uncertain tax positions. The Company had approximately $0.2 million and $0.1 million for the payment of interest and penalties accrued at December 31, 2019 and 2018 , respectively. It is reasonably possible that within the next twelve months the amount of gross unrecognized tax benefits could be reduced by approximately $0.1 million as a result of the closure of tax statutes related to existing uncertain tax positions. The Company is subject to taxation in the U.S. and various state and foreign jurisdictions. The Company’s tax years for 2016 through 2019 remain open for examination by the Internal Revenue Service and 2014 through 2019 remain open for examination by various state and foreign taxing authorities. As of December 31, 2019, the Company has accumulated undistributed earnings generated by our foreign subsidiaries of approximately $194.9 million . Because $146.8 million of such earnings have previously been subject to the one-time transition taxes required by the TCJA, any additional taxes due with respect to such earnings or the excess of the amount for financial reporting over the tax basis of our foreign investments would generally be limited to foreign withholding and state income taxes. We intend, however, to indefinitely reinvest these earnings and expect future U.S. cash generation to be sufficient to meet future U.S. cash needs.

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Dec. 31, 2019
Share-based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation The Company follows the provisions of ASC 718, “Compensation — Stock Compensation” (“ASC 718”), which requires all share-based payments to employees to be recognized in the income statement based on their grant date fair values. Compensation expense for awards with service conditions only that are subject to graded vesting is recognized on a straight-line basis over the term of the vesting period. A summary of restricted share and performance share activity for the year ended December 31, 2019 is as follows: Time-Based Performance-Based Number of Shares Weighted Average Grant Date Fair Value Number of Shares Weighted Average Grant Date Fair Value (in whole shares) (in whole shares) Outstanding — beginning of year 529,947 $ 35.98 — $ — Granted (a) 268,948 32.01 50,000 32.55 Vested (212,261 ) 37.68 — — Canceled or expired (115,000 ) 39.35 — — Outstanding — end of year 471,634 $ 32.06 50,000 $ 32.55 (a) Included in the granted amount are 2,825 restricted share units. The Company recognized compensation expense of $4.1 million , $8.3 million and $8.6 million for the years ended December 31, 2019 , 2018 and 2017 , respectively, relating to time-based awards and performance-based awards. The amount in 2019 is net of $1.7 million of forfeitures related to the departure of our former President. The performance-based award in 2019 relates to a five -year cumulative profit target through 2023. Through December 31, 2019, no compensation expense was recognized as achievement of the performance target is deemed not probable. The total fair value of restricted shares and share units that vested during the years ended December 31, 2019 , 2018 and 2017 was $8.0 million , $8.3 million and $7.0 million , respectively. As of December 31, 2019 , the Company had unrecognized compensation expense of $8.6 million related to restricted shares. The unrecognized compensation expense is expected to be recognized over a total weighted average period of 2.3 years .

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies The Company is subject to various pending and threatened legal proceedings arising in the ordinary course of business. The Company records a liability for loss contingencies in the consolidated financial statements when a loss is known or considered probable and the amount can be reasonably estimated. Our provisions are based on historical experience, current information and legal advice, and they may be adjusted in the future based on new developments. Estimating probable losses requires the analysis of multiple forecasted factors that often depend on judgments and potential actions by third parties. Although it is not possible to predict with certainty the ultimate outcome or cost of these matters, the Company believes they will not have a material adverse effect on our consolidated financial statements. Our subsidiaries are involved in a number of contractual and warranty-related disputes. We believe that appropriate liabilities for these contingencies have been recorded; however, actual results may differ materially from our estimates. In addition to the routine lawsuits and asserted claims noted above, we are also a co-defendant in approximately 114 cases asserting claims on behalf of approximately 215 plaintiffs alleging personal injury as a result of exposure to asbestos. These asbestos cases generally relate to production and sale of asbestos-containing products and allege various theories of liability, including negligence, gross negligence and strict liability, and seek compensatory and, in some cases, punitive damages. In every asbestos case in which we are named as a party, the complaints are filed against multiple named defendants. To the extent that any specific amount of damages is sought, the amount applies to claims against all named defendants. Historically, we have been dismissed from asbestos cases on the basis that the plaintiff incorrectly sued one of our subsidiaries or because the plaintiff failed to identify any asbestos-containing product manufactured or sold by us or our subsidiaries. We intend to vigorously defend these asbestos cases and believe we will continue to be successful in being dismissed from such cases. However, it is not possible to predict the ultimate outcome of asbestos-related lawsuits, claims and proceedings due to the unpredictable nature of personal injury litigation. Despite this uncertainty, and although our results of operations and cash flows for a particular period could be adversely affected by asbestos-related lawsuits, claims and proceedings, management believes that the ultimate resolution of these matters will not have a material adverse effect on our financial condition, liquidity or results of operations. Among the factors management considered in reaching this conclusion were: (a) our historical success in being dismissed from these types of lawsuits on the bases mentioned above; (b) many cases have been improperly filed against one of our subsidiaries; (c) in many cases the plaintiffs have been unable to establish any causal relationship to us or our products or premises; (d) in many cases, the plaintiffs have been unable to demonstrate that they have suffered any identifiable injury or compensable loss at all or that any injuries that they have incurred did in fact result from alleged exposure to asbestos; and (e) the complaints assert claims against multiple defendants and, in most cases, the damages alleged are not attributed to individual defendants. Additionally, we do not believe that the amounts claimed in any of the asbestos cases are meaningful indicators of our potential exposure because the amounts claimed typically bear no relation to the extent of the plaintiff's injury, if any.

Lease Arrangements

Lease Arrangements	12 Months Ended
	Dec. 31, 2019
Leases [Abstract]
Lease Arrangements	Lease Arrangements We lease manufacturing facilities, warehouse space, office space, machinery and equipment, information technology equipment and vehicles under operating leases. We also lease one building and machinery and equipment under finance leases. For operating leases with terms greater than 12 months, we record the operating right-of-use asset and related lease liability at the present value of lease payments over the lease term. In certain real estate leases, we have options to renew lease terms, generally at our sole discretion. We evaluate renewal options at the lease commencement date to determine if we are reasonably certain to exercise the option on the basis of economic factors. The discount rate implicit in our operating leases is generally not determinable, and therefore the Company determines the discount rate for each lease based on its incremental borrowing rate. The incremental borrowing rate is calculated based on lease term, currency and collateral adjustments. During 2019, the Company obtained right-of-use assets in exchange for new operating lease liabilities of $13.0 million . Balance Sheet as of December 31, 2019 Classification on the Balance Sheet December 31, 2019 Assets Operating lease assets Operating lease right-of-use assets $ 64.3 Finance lease assets Property, plant and equipment, net 27.1 Total lease assets $ 91.4 Liabilities Current Operating Current portion of operating lease liabilities $ 11.9 Finance Current portion of long-term debt and short-term debt 7.0 Noncurrent Operating Long-term operating lease liabilities 53.6 Finance Long-term debt 10.2 Total lease liabilities $ 82.7 Weighted-average remaining lease term (in years) Operating leases 7.1 Finance leases 3.9 Weighted-average discount rate Operating leases 5.4 % Finance leases 3.7 % Lease Expense for 2019 Operating lease expense is recognized on a straight-line basis over the lease term, with variable payments recognized in the period those payments are incurred. 2019 Finance lease expense Amortization of right-of-use assets $ 3.7 Interest on lease liabilities 0.7 Operating lease expense 17.4 Other lease expense (1) 6.3 Total lease expense $ 28.1 (1) - Other lease expense includes variable lease costs and short-term lease costs. Total lease expense for 2018 and 2017 was $27.4 million and $22.3 million , respectively. Cash Flow Information for 2019 2019 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows for operating leases $ 17.2 Operating cash flows for finance leases $ 0.7 Financing cash flows for finance leases $ 3.4 Maturities of Lease Liabilities as of December 31, 2019, were as follows: Operating Leases Finance Leases 2020 $ 14.9 $ 7.4 2021 12.5 4.3 2022 10.7 3.1 2023 9.1 2.0 2024 8.4 0.9 Thereafter 23.2 0.9 Total lease payments 78.8 18.6 Less: amount of lease payments representing interest (13.3 ) (1.4 ) Total present value of future lease payments $ 65.5 $ 17.2 The future minimum lease payments as of December 31, 2018, as reported in the Annual Report on Form 10-K for year ended December 31, 2018 under ASC 840 "Leases," are as follows: Operating leases Finance Leases 2019 $ 18.5 $ 7.3 2020 14.0 6.5 2021 10.5 3.3 2022 9.1 2.2 2023 7.2 1.4 Thereafter 23.2 1.6 Total minimum lease payments $ 82.5 22.3 Amounts representing interest (1.6 ) Present value of minimum lease payments 20.7 Current maturities (6.6 ) Long-term finance lease obligation $ 14.1 Certain of the Company’s leases are with related parties at an annual rental expense of approximately $2.2 million. Transactions with related parties are not material to the Company’s financial position, results of operations or cash flows.
Lease Arrangements	Lease Arrangements We lease manufacturing facilities, warehouse space, office space, machinery and equipment, information technology equipment and vehicles under operating leases. We also lease one building and machinery and equipment under finance leases. For operating leases with terms greater than 12 months, we record the operating right-of-use asset and related lease liability at the present value of lease payments over the lease term. In certain real estate leases, we have options to renew lease terms, generally at our sole discretion. We evaluate renewal options at the lease commencement date to determine if we are reasonably certain to exercise the option on the basis of economic factors. The discount rate implicit in our operating leases is generally not determinable, and therefore the Company determines the discount rate for each lease based on its incremental borrowing rate. The incremental borrowing rate is calculated based on lease term, currency and collateral adjustments. During 2019, the Company obtained right-of-use assets in exchange for new operating lease liabilities of $13.0 million . Balance Sheet as of December 31, 2019 Classification on the Balance Sheet December 31, 2019 Assets Operating lease assets Operating lease right-of-use assets $ 64.3 Finance lease assets Property, plant and equipment, net 27.1 Total lease assets $ 91.4 Liabilities Current Operating Current portion of operating lease liabilities $ 11.9 Finance Current portion of long-term debt and short-term debt 7.0 Noncurrent Operating Long-term operating lease liabilities 53.6 Finance Long-term debt 10.2 Total lease liabilities $ 82.7 Weighted-average remaining lease term (in years) Operating leases 7.1 Finance leases 3.9 Weighted-average discount rate Operating leases 5.4 % Finance leases 3.7 % Lease Expense for 2019 Operating lease expense is recognized on a straight-line basis over the lease term, with variable payments recognized in the period those payments are incurred. 2019 Finance lease expense Amortization of right-of-use assets $ 3.7 Interest on lease liabilities 0.7 Operating lease expense 17.4 Other lease expense (1) 6.3 Total lease expense $ 28.1 (1) - Other lease expense includes variable lease costs and short-term lease costs. Total lease expense for 2018 and 2017 was $27.4 million and $22.3 million , respectively. Cash Flow Information for 2019 2019 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows for operating leases $ 17.2 Operating cash flows for finance leases $ 0.7 Financing cash flows for finance leases $ 3.4 Maturities of Lease Liabilities as of December 31, 2019, were as follows: Operating Leases Finance Leases 2020 $ 14.9 $ 7.4 2021 12.5 4.3 2022 10.7 3.1 2023 9.1 2.0 2024 8.4 0.9 Thereafter 23.2 0.9 Total lease payments 78.8 18.6 Less: amount of lease payments representing interest (13.3 ) (1.4 ) Total present value of future lease payments $ 65.5 $ 17.2 The future minimum lease payments as of December 31, 2018, as reported in the Annual Report on Form 10-K for year ended December 31, 2018 under ASC 840 "Leases," are as follows: Operating leases Finance Leases 2019 $ 18.5 $ 7.3 2020 14.0 6.5 2021 10.5 3.3 2022 9.1 2.2 2023 7.2 1.4 Thereafter 23.2 1.6 Total minimum lease payments $ 82.5 22.3 Amounts representing interest (1.6 ) Present value of minimum lease payments 20.7 Current maturities (6.6 ) Long-term finance lease obligation $ 14.1 Certain of the Company’s leases are with related parties at an annual rental expense of approximately $2.2 million. Transactions with related parties are not material to the Company’s financial position, results of operations or cash flows.

Pensions and Postretirement Ben

Pensions and Postretirement Benefits	12 Months Ended
	Dec. 31, 2019
Retirement Benefits [Abstract]
Pensions and Postretirement Benefits	Pensions and Postretirement Benefits The Company and its subsidiaries have pension plans, principally noncontributory defined benefit or noncontributory defined contribution plans, covering substantially all employees. In addition, the Company has an unfunded postretirement benefit plan. One of its defined benefit plans, covering most U.S. employees not covered by collective bargaining agreements, utilizes a cash balance formula. Under a cash balance formula, a plan participant accumulates a retirement benefit consisting of pay credits that are based upon a percentage of current eligible earnings and current interest credits. For the remaining defined benefit plans, benefits are based on the employee’s years of service. For the defined contribution plans, the costs charged to operations and the amount funded are based upon a percentage of the covered employees’ compensation. The Company's objectives for the pension plan are to monitor the funded ratio; create general investment goals with regard to acceptable risk and liquidity needs ensuring the long-term interests of participants and beneficiaries are considered; and manage risk by minimizing the short-term and long-term risk of actual expenses and contribution requirements. The following tables set forth the changes in benefit obligation, plan assets, funded status and amounts recognized in the consolidated balance sheet for the defined benefit pension and postretirement benefit plans as of December 31, 2019 and 2018 : Pension Benefits Postretirement Benefits 2019 2018 2019 2018 Change in benefit obligation Benefit obligation at beginning of year $ 71.2 $ 60.5 $ 8.5 $ 9.3 Service cost 3.8 3.7 — — Interest cost 2.6 2.2 0.3 0.3 Actuarial losses (gains) 7.4 (5.3 ) 0.5 0.4 Acquisition of CDF — 14.9 — — Benefits and expenses paid (5.6 ) (4.8 ) (1.3 ) (1.5 ) Benefit obligation at end of year $ 79.4 $ 71.2 $ 8.0 $ 8.5 Change in plan assets Fair value of plan assets at beginning of year $ 128.2 $ 134.8 $ — $ — Actual return on plan assets 22.7 (12.1 ) — — Company contributions — — 1.3 1.5 Cash transfer to fund postretirement benefit payments (0.9 ) (1.0 ) — — Acquisition of CDF — 11.3 — — Benefits and expenses paid (5.6 ) (4.8 ) (1.3 ) (1.5 ) Fair value of plan assets at end of year $ 144.4 $ 128.2 $ — $ — Funded (underfunded) status of the plans $ 65.0 $ 57.0 $ (8.0 ) $ (8.5 ) Amounts recognized in the consolidated balance sheets consist of: Pension Benefits Postretirement Benefits 2019 2018 2019 2018 Pension assets $ 65.0 $ 57.0 $ — $ — Other current liabilities — — 0.9 0.9 Other long-term liabilities — — 7.1 7.6 $ 65.0 $ 57.0 $ 8.0 $ 8.5 Amounts recognized in Accumulated other comprehensive loss Net actuarial loss $ 28.1 $ 34.7 $ 2.6 $ 2.4 Net prior service cost (credit) 0.2 0.3 — (0.1 ) Accumulated other comprehensive loss $ 28.3 $ 35.0 $ 2.6 $ 2.3 The pension plan weighted-average asset allocation at December 31, 2019 and 2018 and target allocation for 2020 are as follows: Plan Assets Target 2020 2019 2018 Asset Category Equity securities 45-75% 59.2 % 57.6 % Debt securities 20-40% 25.5 % 26.5 % Other 0-20% 15.3 % 15.9 % 100% 100 % 100 % The following table sets forth, by level within the fair value hierarchy, the pension plans assets: 2019 2018 Level 1 Total Level 1 Total Common stock $ 40.0 $ 40.0 $ 34.2 $ 34.2 Equity securities 43.9 43.9 37.9 37.9 Foreign stock 7.0 7.0 5.7 5.7 U.S. Government obligations 8.6 8.6 4.8 4.8 Fixed income securities 11.5 11.5 13.1 13.1 Corporate bonds 14.2 14.2 12.0 12.0 Cash and cash equivalents 2.7 2.7 6.3 6.3 Total $ 127.9 $ 114.0 Investments measured at net asset value: Common collective trusts — 0.1 Hedge funds 16.5 14.1 Total assets at fair value $ 144.4 $ 128.2 Valuation Methodologies: Following is a description of the valuation methodologies used for pension plan assets measured at fair value. There have been no changes in the methodologies used at December 31, 2019 and 2018 . Common stock, equity securities and foreign stock - These securities consist of direct investments in the stock of publicly-traded companies. Such investments are valued based on the closing price reported in an active market on which the individual securities are traded. As such, the direct investments are classified as Level 1. U.S. Government obligations, fixed income securities and corporate bonds - Valued at the closing price of each security. Cash equivalents - Consists of primarily money market funds and certificates of deposit, for which book value equals fair value. Common collective trusts - Valued at the net unit value of units held by the trust at year end. The unit value is determined by the total value of fund assets divided by the total number of units of the fund owned. The equity investments in collective trusts are predominantly in index funds for which the underlying securities are actively traded in public markets based upon readily measurable prices. Common collective trusts are measured at fair value using the net asset value per share practical expedient have not been categorized in the fair value hierarchy and are being presented in the tables above to permit a reconciliation of the fair value hierarchy to the total plan assets. Hedge funds - Consists of direct investments in hedge funds through limited partnership interests. Net asset values are based on the estimated fair value of the ownership interest in the investment as determined by the general partner. The majority of the holdings of the hedge funds are in equity securities traded on public exchanges. The investment terms of the hedge funds allow capital to be redeemed quarterly given prior notice with certain limitations. Hedge funds measured at fair value using the net asset value per share practical expedient have not been categorized in the fair value hierarchy and are being presented in the tables above to permit a reconciliation of the fair value hierarchy to the total plan assets. For additional information regarding fair value measurements, see Note 1. The following tables summarize the assumptions used in the valuation of pension and postretirement benefit obligations at December 31 and the measurement of the net periodic benefit cost in the following year. The Company used a spot rate approach by applying the specific spot rates along the yield curve to the relevant projected cash flows in the estimation of the service and interest components of benefit cost. Weighted-Average assumptions as of December 31, Pension Benefits Postretirement Benefits 2019 2018 2017 2019 2018 2017 Assumptions used to determine benefit obligation at year-end Discount rate 3.22 % 4.24 % 3.52 % 2.94 % 4.06 % 3.32 % Rate of compensation increase 3.00 % 3.00 % 3.00 % N/A N/A N/A Health care cost trend rate N/A N/A N/A 6.25 % 6.50 % 6.50 % Ultimate health care cost trend rate N/A N/A N/A 5.00 % 5.00 % 5.00 % Year of ultimate trend rate N/A N/A N/A 2025 2025 2025 Assumptions used to determine expense Discount rate for benefit obligations 4.11 % 3.51 % 3.90 % 4.06 % 3.35 % 3.61 % Discount rate for service costs 4.14 % 3.60 % 3.98 % 4.34 % 3.70 % 4.24 % Discount rate for interest costs 3.72 % 3.08 % 3.20 % 3.72 % 2.92 % 2.90 % Expected return on plan assets 8.25 % 8.25 % 8.25 % N/A N/A N/A Rate of compensation increase 3.00 % 3.00 % 3.00 % N/A N/A N/A Medical health care benefits rate increase N/A N/A N/A 6.50 % 6.50 % 6.50 % Medical drug benefits rate increase N/A N/A N/A 6.50 % 6.50 % 6.50 % Ultimate health care cost trend rate N/A N/A N/A 5.00 % 5.00 % 5.00 % Year of ultimate trend rate N/A N/A N/A 2025 2025 2025 In determining its expected return on plan assets assumption for the year ended December 31, 2019 , the Company considered historical experience, its asset allocation, expected future long-term rates of return for each major asset class, and an assumed long-term inflation rate. This assumption was supported by the asset return generation model, which projected future asset returns using simulation and asset class correlation. Pension Benefits Postretirement Benefits 2019 2018 2017 2019 2018 2017 Components of net periodic benefit cost Service costs $ 3.8 $ 3.7 $ 2.4 $ — $ — $ — Interest costs 2.6 2.2 1.8 0.3 0.3 0.3 Expected return on plan assets (10.9 ) (11.6 ) (9.7 ) — — — Amortization of prior service cost (credit) — — — (0.1 ) (0.1 ) (0.1 ) Recognized net actuarial loss 2.2 0.3 1.2 0.3 0.1 0.1 Benefit (income) costs $ (2.3 ) $ (5.4 ) $ (4.3 ) $ 0.5 $ 0.3 $ 0.3 Other changes in plan assets and benefit obligations recognized in accumulated other comprehensive (income) loss (“AOCI”) AOCI at beginning of year $ 35.0 $ 16.8 $ 26.1 $ 2.3 $ 2.0 $ 1.5 Net (loss) gain arising during the year (2.2 ) (0.3 ) (1.1 ) (0.3 ) (0.1 ) (0.1 ) Recognition of prior service credit — — — 0.1 0.1 0.1 Recognition of actuarial loss (4.5 ) 18.5 (8.2 ) 0.5 0.3 0.5 Total recognized in accumulated other comprehensive loss at end of year $ 28.3 $ 35.0 $ 16.8 $ 2.6 $ 2.3 $ 2.0 The estimated net loss for the defined benefit pension plans that will be amortized from accumulated other comprehensive income into net periodic benefit cost over the year ending December 31, 2020 is approximately $ 1.9 million . The estimated net loss and prior service cost for the postretirement plans that will be amortized from accumulated other comprehensive income into net periodic benefit cost over the year ending December 31, 2020 is $ 0.2 million . Below is a table summarizing the Company’s expected future benefit payments and the expected payments due to Medicare subsidy over the next ten years: Postretirement Benefits Pension Benefits Gross Expected Medicare Subsidy Net including Medicare Subsidy 2020 $ 5.7 $ 1.0 $ 0.1 $ 0.9 2021 5.9 0.9 0.1 0.8 2022 6.1 0.8 0.1 0.7 2023 6.2 0.8 0.1 0.7 2024 6.2 0.8 0.1 0.7 2025 to 2029 31.0 3.0 0.3 2.7 The Company expects to make no contributions to its defined benefit plans in 2020 and beyond, as pension benefits are expected to be paid out of plan assets and postretirement benefits are paid directly by the Company. Under the postretirement benefit plan, health care benefits are provided on both a contributory and noncontributory basis. The assumed health care cost trend rate has a significant effect on the amounts reported. A one-percentage-point change in the assumed health care cost trend rate would have the following effects: 1-Percentage Point Increase 1-Percentage Point Decrease Effect on total of service and interest cost components in 2020 $ — $ — Effect on postretirement benefit obligation as of December 31, 2020 $ 0.5 $ (0.4 ) In January 2008, a Supplemental Executive Retirement Plan (“SERP”) for the Company’s former President, Chairman and Chief Executive Officer (“Former CEO”) was approved by the Compensation Committee of the Board of Directors of the Company. The SERP provides an annual supplemental retirement benefit for up to $0.4 million upon the Former CEO’s termination of employment with the Company. As of December 31, 2019, the Former CEO is fully vested in the SERP. The Company recorded income of $0.1 million in 2019 and 2018 and $0.2 million in 2017 related to the SERP. As of December 31, 2019, the Company has recorded a liability of $3.0 million related to the SERP in Other long-term liabilities.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	12 Months Ended
	Dec. 31, 2019
Equity [Abstract]
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) The components of and changes in accumulated other comprehensive income (loss) for the years ended December 31, 2019 , 2018 , and 2017 were as follows: Cumulative Translation Adjustment Pension and Postretirement Benefits Total Balance at January 1, 2017 $ (30.8 ) $ (11.9 ) $ (42.7 ) Currency translation 19.2 — 19.2 Pension and OPEB activity, net of tax — 5.6 5.6 Balance at December 31, 2017 (11.6 ) (6.3 ) (17.9 ) Currency translation (9.7 ) — (9.7 ) Pension and OPEB activity, net of tax — (13.3 ) (13.3 ) Balance at December 31, 2018 (21.3 ) (19.6 ) (40.9 ) Currency translation (1.1 ) — (1.1 ) Pension and OPEB activity, net of tax — 5.0 5.0 Balance at December 31, 2019 $ (22.4 ) $ (14.6 ) $ (37.0 ) No income taxes are provided on currency translation as foreign earnings are considered permanently re-invested.

Subsequent Event

Subsequent Event	12 Months Ended
	Dec. 31, 2019
Subsequent Events [Abstract]
Subsequent Event	Subsequent Event On January 31, 2020, the Company's Board of Directors declared a quarterly dividend of $0.125 per common share. The dividend was paid on February 28, 2020, to shareholders of record as of the close of business on February 14, 2020 and resulted in a cash outlay of $1.6 million .

Selected Quarterly Financial Da

Selected Quarterly Financial Data (Unaudited)	12 Months Ended
	Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]
Selected Quarterly Financial Data (Unaudited)	Selected Quarterly Financial Data (Unaudited) Quarter Ended Mar. 31 Jun. 30 Sept. 30 Dec. 31 2019 Net sales $ 420.1 $ 415.3 $ 403.4 $ 379.5 Gross profit 65.3 66.2 66.5 62.3 Net income 11.7 7.9 12.4 7.7 Net income attributable to noncontrolling interest (0.5 ) (0.3 ) (0.2 ) (0.1 ) Net income attributable to ParkOhio common shareholders $ 11.2 $ 7.6 $ 12.2 $ 7.6 Earnings per common share attributable to ParkOhio common shareholders: Basic $ 0.92 $ 0.62 $ 1.00 $ 0.62 Diluted $ 0.90 $ 0.61 $ 0.99 $ 0.61 Cash dividends per common share $ 0.125 $ 0.125 $ 0.125 $ 0.125 2018 Net sales $ 405.7 $ 432.2 $ 414.3 $ 405.9 Gross profit 65.1 73.1 65.9 67.4 Net income 10.2 15.0 14.7 15.3 Net income attributable to noncontrolling interest (0.4 ) (0.2 ) (0.5 ) (0.5 ) Net income attributable to ParkOhio common shareholders $ 9.8 $ 14.8 $ 14.2 $ 14.8 Earnings per common share attributable to ParkOhio common shareholders: Basic $ 0.80 $ 1.20 $ 1.15 $ 1.21 Diluted $ 0.78 $ 1.18 $ 1.14 $ 1.19 Cash dividends per common share $ 0.125 $ 0.125 $ 0.125 $ 0.125 Results for the second quarter of 2019 include net expense of $4.3 million due to the retirement and resignation of our former President. Income of $1.9 million from the gain on sale of assets was recorded in the second quarter of 2018.

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts and Reserves	12 Months Ended
	Dec. 31, 2019
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
Schedule II - Valuation and Qualifying Accounts and Reserves	Schedule II PARK-OHIO HOLDINGS CORP. SCHEDULE II — VALUATION AND QUALIFYING ACCOUNTS AND RESERVES Description Balance at Beginning of Period Charged to Costs and Expenses Deductions and Other Balance at End of Period Year Ended December 31, 2019: Allowances deducted from assets: Trade receivable allowances $ 6.2 1.3 (2.6 ) (A) $ 4.9 Inventory reserves 34.9 5.3 (6.0 ) (B) 34.2 Tax valuation allowances 5.3 0.2 — 5.5 Year Ended December 31, 2018: Allowances deducted from assets: Trade receivable allowances $ 4.5 2.0 (0.3 ) (A) $ 6.2 Inventory reserves 29.8 7.5 (2.4 ) (B) 34.9 Tax valuation allowances 11.6 (6.3 ) — 5.3 Year Ended December 31, 2017: Allowances deducted from assets: Trade receivable allowances $ 4.0 1.5 (1.0 ) (A) $ 4.5 Inventory reserves 30.2 5.6 (6.0 ) (B) 29.8 Tax valuation allowances 5.3 5.6 0.7 (C) 11.6 Note (A)- Uncollectable accounts written off, net of recoveries. Note (B)- Amounts written off. Note (C)- Amount related to 2017 acquisitions.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Consolidation and Basis of Presentation	Consolidation and Basis of Presentation: Park-Ohio Holdings Corp. (“ParkOhio,” “we” or the “Company”) is a diversified international company providing world-class customers with a supply chain management outsourcing service, capital equipment used on their production lines, and manufactured components used to assemble their products. The Company operates through three reportable segments: Supply Technologies, Assembly Components and Engineered Products. The consolidated financial statements include the accounts of the Company and all of its majority-owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. The Company does not have off-balance sheet arrangements or financings with unconsolidated entities or other persons. The Company leases certain real properties owned by related parties as described in Note 11 . Transactions with related parties are not material to the Company’s financial position, results of operations or cash flows.
Accounting Estimates	Accounting Estimates: The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts in the consolidated financial statements. Actual results could differ from those estimates.
Cash Equivalents	Cash Equivalents: The Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents.
Accounts Receivable and Allowance for Doubtful Accounts	Accounts Receivable and Allowance for Doubtful Accounts: Accounts receivable are recorded at net realizable value. Accounts receivable are reduced by an allowance for amounts that may become uncollectable in the future. The allowance for doubtful accounts was $4.9 million and $6.2 million at December 31, 2019 and 2018 , respectively. The Company’s policy is to identify and reserve for specific collectability concerns based on customers’ financial condition and payment history as well as a general reserve based on historical trends and other information. During 2019 and 2018 , we sold, without recourse, $112.7 million and $106.8 million , respectively, of accounts receivable to mitigate accounts receivable concentration risk and to increase working capital efficiency. Sales of accounts receivable are reflected as a reduction of accounts receivable in the Consolidated Balance Sheets, and the proceeds are included in cash flows from operating activities in the Consolidated Statements of Cash Flows.
Inventories	Inventories: Inventories are valued using first-in, first-out (“FIFO”) or the weighted-average inventory method and stated at the lower of cost or net realizable value, except for the inventories at Canton Drop Forge (“CDF”), which was acquired on February 1, 2018. CDF inventories are stated using the last-in, first-out (“LIFO”) method.
Property, Plant and Equipment	Property, Plant and Equipment: Property, plant and equipment is carried at cost. Additions and improvements that extend the lives of assets are capitalized, and expenditures for repairs and maintenance are charged to operations as incurred. Depreciation of fixed assets, including amounts capitalized under finance leases, is computed principally by the straight-line method based on the estimated useful lives of the assets ranging from five to 40 years for buildings, and one to 20 years for machinery and equipment (with the majority in the range of three to ten years).
Goodwill and Indefinite-Lived Assets	Goodwill and Indefinite-Lived Assets: In accordance with Accounting Standards Codification (“ASC”) 350, “Intangibles — Goodwill and Other” (“ASC 350”), goodwill and indefinite life intangible assets are not amortized but rather are tested annually for impairment as of October 1, or whenever events or changes in circumstances indicate there may be an indicator of impairment in accordance with ASC 350 . Goodwill is tested for impairment at the reporting unit level and is based on the net assets of each reporting unit, including goodwill and intangible assets, compared to its fair value. Our reporting units have been identified one level below the operating segment level. The Company completed its annual goodwill and indefinite-lived intangibles impairment testing as of October 1 of each year, noting no impairment. To determine fair value, the Company uses an income approach, utilizing a discounted cash flow model based on forecasted cash flows and weighted average cost of capital for its goodwill testing, and a relief of royalty method for its indefinite-lived intangibles testing.
Impairment of Other Long-Lived Assets	Impairment of Other Long-Lived Assets: Other long-lived assets, including operating lease right-of-use assets, are reviewed for impairment whenever events or changes in circumstances indicate the carrying amount may not be recoverable. Upon indications of impairment, assets and liabilities are grouped at the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities. The asset group would be considered impaired when the estimated future net undiscounted cash flows generated by the asset group are less than its carrying value. Impairment losses are measured by comparing the estimated fair value of the asset group to its carrying value.
Fair Values of Financial Instruments	Fair Values of Financial Instruments: Certain financial instruments are required to be recorded at fair value. The Company measures financial assets and liabilities at fair value in three levels of inputs. The three-tier fair value hierarchy, which prioritizes the inputs used in the valuation methodologies, is as follows: Level 1 — Valuations based on quoted prices for identical assets and liabilities in active markets. Level 2 — Valuations based on observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data. Level 3 — Valuations based on unobservable inputs reflecting our own assumptions, consistent with reasonably available assumptions made by other market participants. These valuations require significant judgment. Changes in assumptions or estimation methods could affect the fair value estimates; however, we do not believe any such changes would have a material impact on our financial condition, results of operations or cash flows. The carrying value of cash and cash equivalents, accounts receivable, accounts payable and borrowings under the Credit Agreement (as defined in Note 7 ) approximate fair value at December 31, 2019 and December 31, 2018 because of the short-term nature of these instruments. The fair values of long-term debt and pension plan assets are disclosed in Note 7 and Note 12 , respectively. The Company has not changed its valuation techniques for measuring fair value during 2019 , and there were no transfers between levels during the periods presented.
Pension and Other Postretirement Benefits	Pension and Other Postretirement Benefits: We account for our pensions and other post-retirement benefits in accordance with ASC Topic 715, "Compensation — Retirement Benefits." Net actuarial gains and losses are amortized to expense when they exceed the 10% accounting corridor, based on the greater of the plan assets or benefit obligations, over an average employee future service period.
Income Taxes	Income Taxes: The Company accounts for income taxes under the asset and liability method, whereby deferred tax assets and liabilities are determined based on temporary differences between the financial reporting and the tax bases of assets and liabilities and are measured using the current enacted tax rates. In determining these amounts, management determined the probability of realizing deferred tax assets, taking into consideration factors including historical operating results, cumulative earnings and losses, expectations of future earnings, taxable income and the extended period of time over which the postretirement benefits will be paid. As required by ASC 740, “Income Taxes” (“ASC 740”), the Company records valuation allowances if, based on the weight of available evidence, it is more likely than not that all or some portion of our deferred tax assets will not be realized.
Revenue Recognition	Revenue Recognition: The Company recognizes revenue, other than from long-term contracts within the Engineered Products segment, when its obligations under the contract terms are satisfied and control transfers to the customer, typically upon shipment. Revenue from certain long-term contracts is accounted for over time, when products are manufactured or services are performed, as control transfers under these arrangements. We follow this method since reasonably reliable estimates of revenue and costs of a contract can be made. See Note 2 for additional disclosure on revenue. Cost of Sales : Cost of sales is primarily comprised of direct materials and supplies consumed in the manufacture of product; manufacturing labor, depreciation expense and direct overhead expense; and shipping and handling costs.
Concentration of Credit Risk	Concentration of Credit Risk: The Company sells its products to customers in diversified industries. The Company performs ongoing credit evaluations of its customers’ financial condition but does not require collateral to support customer receivables. The Company establishes an allowance for doubtful accounts based upon factors surrounding the credit risk of specific customers, historical trends and other information.
Environmental	Environmental: The Company expenses environmental costs related to existing conditions resulting from past or current operations and from which no current or future benefit is discernible. Costs that extend the life of the related property or mitigate or prevent future environmental contamination are capitalized. The Company records a liability when environmental assessments and/or remedial efforts are probable and can be reasonably estimated. The estimated liability of the Company is not reduced for possible recoveries from insurance carriers and is undiscounted.
Foreign Currency Translation	Foreign Currency Translation: The functional currency of the Company's subsidiaries outside the United States is the local currency. Financial statements are translated into U.S. dollars at year-end exchange rates for assets and liabilities and weighted-average exchange rates during the period for revenues and expenses. The resulting translation adjustments are recorded in Accumulated other comprehensive income (loss) in shareholders’ equity. Gains and losses resulting from foreign currency transactions, including intercompany transactions that are not considered long-term investments, are included in the Consolidated Statements of Income.
Warranties	Warranties: The Company estimates the amount of warranty claims on sold products that may be incurred based on current and historical data. The actual warranty expense could differ from the estimates made by the Company based on product performance.
Weighted-Average Number of Shares Used in Computing Earnings Per Share	Outstanding stock awards with exercise prices greater than the average price of the common shares are anti-dilutive and are not included in the computation of diluted earnings per share.
Accounting Standards Adopted and Recent Accounting Standards Not Yet Adopted	Accounting Standards Adopted In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-02, “Leases (Topic 842).” This accounting standard requires that a lessee recognize a right-of-use asset and a lease liability on its balance sheet for all leases, including operating leases, with a term greater than 12 months. In July 2018, the FASB issued updated guidance, which allows an additional transition method to adopt the new leases standard at the adoption date, rather than as of the beginning of the earliest period presented. The Company elected to transition to the new standard on its effective date of January 1, 2019 and therefore did not adjust its prior period financial information. On the transition date, we recognized operating right-of-use assets and related lease liabilities of $69.7 million . We elected the package of transition provisions available for expired or existing contracts, which allowed us to carryforward our historical assessments of (1) whether contracts are or contain leases, (2) lease classification and (3) initial direct costs. The Company also made an accounting policy election not to record a right-of-use asset or lease liability related to leases with an initial term of 12 months or less, and elected to not separate lease and non-lease components for all leases. See Note 10, "Leases" for additional disclosure. In February 2018, the FASB issued ASU 2018-02, “Income Statement-Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income.” The ASU affects any entity that is required to apply the provisions of Topic 220, “Income Statement-Reporting Comprehensive Income,” and has items of other comprehensive income for which the related tax effects are presented in other comprehensive income as required by GAAP. The Company has evaluated ASU 2018-02 and has decided not to make the election to reclassify the income tax effects of the TCJA from accumulated other comprehensive income to retained earnings. Recent Accounting Standards Not Yet Adopted In June 2016, the FASB issued ASU 2016-13, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses of Financial Instruments,” which replaces the current incurred loss impairment model with a methodology that reflects expected credit losses. Under the new methodology, entities will be required to measure expected credit losses on financial instruments held at amortized cost, including trade receivables, based on historical experience, current conditions and reasonable forecasts. Adoption of this guidance is required for interim and annual periods beginning after December 15, 2019. We plan to adopt this standard as of January 1, 2020. The Company is in the process of evaluating the impact of the new standard but does not expect adoption to have a material impact. No other recently issued ASUs are expected to have a material impact on our results of operations, financial condition or liquidity.
Commitments and Contingencies	The Company is subject to various pending and threatened legal proceedings arising in the ordinary course of business. The Company records a liability for loss contingencies in the consolidated financial statements when a loss is known or considered probable and the amount can be reasonably estimated. Our provisions are based on historical experience, current information and legal advice, and they may be adjusted in the future based on new developments. Estimating probable losses requires the analysis of multiple forecasted factors that often depend on judgments and potential actions by third parties. Although it is not possible to predict with certainty the ultimate outcome or cost of these matters, the Company believes they will not have a material adverse effect on our consolidated financial statements.
Leases	We lease manufacturing facilities, warehouse space, office space, machinery and equipment, information technology equipment and vehicles under operating leases. We also lease one building and machinery and equipment under finance leases. For operating leases with terms greater than 12 months, we record the operating right-of-use asset and related lease liability at the present value of lease payments over the lease term. In certain real estate leases, we have options to renew lease terms, generally at our sole discretion. We evaluate renewal options at the lease commencement date to determine if we are reasonably certain to exercise the option on the basis of economic factors.

Summary of Significant Accoun_3

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

Revenue (Tables)

Revenue (Tables)	12 Months Ended
	Dec. 31, 2019
Revenue from Contract with Customer [Abstract]
Disaggregation of revenue	We disaggregate our revenue by product line and geographic region of our customer, as we believe these criteria best depict how the nature, amount, timing and uncertainty of our revenues and cash flows are affected by economic factors. See details in the tables below. Year Ended December 31, 2019 2018 PRODUCT LINE Supply Technologies $ 532.9 $ 555.3 Engineered specialty fasteners and other products 78.6 81.5 Supply Technologies Segment 611.5 636.8 Fuel, rubber and plastic products 353.8 382.5 Aluminum products 185.7 195.8 Assembly Components Segment 539.5 578.3 Industrial equipment 323.8 312.1 Forged and machined products 143.5 130.9 Engineered Products Segment 467.3 443.0 Total revenues $ 1,618.3 $ 1,658.1 Supply Technologies Segment Assembly Components Segment Engineered Products Segment Total Revenues Year Ended December 31, 2019 GEOGRAPHIC REGION United States $ 404.5 $ 388.1 $ 271.3 $ 1,063.9 Europe 98.0 14.6 80.2 192.8 Asia 40.3 21.4 66.2 127.9 Mexico 54.7 37.3 13.8 105.8 Canada 12.2 76.7 23.9 112.8 Other 1.8 1.4 11.9 15.1 Total $ 611.5 $ 539.5 $ 467.3 $ 1,618.3 Year Ended December 31, 2018 GEOGRAPHIC REGION United States $ 421.8 $ 410.2 $ 254.3 $ 1,086.3 Europe 98.2 7.8 77.3 183.3 Asia 49.2 30.0 61.2 140.4 Mexico 53.3 34.0 16.2 103.5 Canada 13.3 94.9 22.5 130.7 Other 1.0 1.4 11.5 13.9 Total $ 636.8 $ 578.3 $ 443.0 $ 1,658.1

Segments (Tables)

Segments (Tables)	12 Months Ended
	Dec. 31, 2019
Segment Reporting [Abstract]
Results by business segment	Results by business segment were as follows: Year Ended December 31, 2019 2018 2017 Net sales: Supply Technologies $ 611.5 $ 636.8 $ 561.8 Assembly Components 539.5 578.3 524.5 Engineered Products 467.3 443.0 326.6 $ 1,618.3 $ 1,658.1 $ 1,412.9 Segment operating income: Supply Technologies $ 42.0 $ 49.0 $ 43.3 Assembly Components 36.2 42.9 47.8 Engineered Products 37.7 38.4 19.5 Total segment operating income 115.9 130.3 110.6 Corporate costs (28.5 ) (34.9 ) (30.1 ) One-time net expense related to former President (4.3 ) — — Gain on sale of assets — 1.9 — Litigation settlement gain — — 3.3 Operating income 83.1 97.3 83.8 Other components of pension income and other postretirement benefits expense, net 5.6 8.8 6.4 Interest expense, net (33.8 ) (34.3 ) (31.5 ) Loss on extinguishment of debt — — (11.0 ) Income before income taxes $ 54.9 $ 71.8 $ 47.7 Year Ended December 31, 2019 2018 2017 Capital expenditures: Supply Technologies $ 6.1 $ 5.2 $ 3.3 Assembly Components 19.5 24.3 18.6 Engineered Products 14.3 15.4 5.7 Corporate 0.2 0.2 0.3 $ 40.1 $ 45.1 $ 27.9 Depreciation and amortization expense: Supply Technologies $ 4.8 $ 5.3 $ 4.7 Assembly Components 20.1 22.2 20.7 Engineered Products 8.8 8.4 5.6 Corporate 0.5 0.4 0.5 $ 34.2 $ 36.3 $ 31.5 Identifiable assets: Supply Technologies $ 355.9 $ 330.1 $ 344.4 Assembly Components 413.4 378.3 351.4 Engineered Products 455.1 433.1 353.6 Corporate 86.0 67.0 83.1 $ 1,310.4 $ 1,208.5 $ 1,132.5

Acquisitions (Tables)

Acquisitions (Tables)	12 Months Ended
	Dec. 31, 2019
Business Combinations [Abstract]
Schedule of estimated purchase price allocation	The allocation of the purchase price for EP was finalized in 2019. Below is the purchase price allocation as of December 31, 2019 related to the acquisition of EP: Current assets $ 6.4 Current liabilities (6.4 ) Property, plant and equipment 2.9 Intangible assets 1.8 Goodwill 5.2 Deferred income tax liabilities (0.8 ) Total purchase price (including potential contingent consideration) 9.1

Goodwill (Tables)

Goodwill (Tables)	12 Months Ended
	Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of goodwill	The changes in the carrying amount of goodwill by reportable segment are as follows: Supply Technologies Assembly Components Engineered Products Total Balance at January 1, 2018 $ 15.4 $ 54.1 $ 30.7 $ 100.2 Acquisitions and adjustments (0.5 ) 1.9 3.6 5.0 Foreign currency translation (0.7 ) — (1.1 ) (1.8 ) Balance at December 31, 2018 14.2 56.0 33.2 103.4 Acquisitions and adjustments — — 5.0 5.0 Foreign currency translation 0.4 — (0.4 ) — Balance at December 31, 2019 $ 14.6 $ 56.0 $ 37.8 $ 108.4

Other Intangible Assets (Tables

Other Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of finite-lived intangible assets	December 31, 2019 December 31, 2018 Weighted Average Remaining Useful Life (Years) Gross Value Accumulated Net Value Gross Value Accumulated Net Value Customer relationships 10.0 $ 86.6 $ 39.6 $ 47.0 $ 86.0 $ 34.5 $ 51.5 Indefinite-lived tradenames * 24.6 * 24.6 24.1 * 24.1 Technology 15.5 22.9 5.3 17.6 22.9 4.1 18.8 Other 7.5 4.8 3.4 1.4 4.1 3.2 0.9 Total $ 138.9 $ 48.3 $ 90.6 $ 137.1 $ 41.8 $ 95.3 * Not applicable, as these tradenames have an indefinite life.
Schedule of indefinite-lived intangible assets	December 31, 2019 December 31, 2018 Weighted Average Remaining Useful Life (Years) Gross Value Accumulated Net Value Gross Value Accumulated Net Value Customer relationships 10.0 $ 86.6 $ 39.6 $ 47.0 $ 86.0 $ 34.5 $ 51.5 Indefinite-lived tradenames * 24.6 * 24.6 24.1 * 24.1 Technology 15.5 22.9 5.3 17.6 22.9 4.1 18.8 Other 7.5 4.8 3.4 1.4 4.1 3.2 0.9 Total $ 138.9 $ 48.3 $ 90.6 $ 137.1 $ 41.8 $ 95.3 * Not applicable, as these tradenames have an indefinite life.
Schedule of amortization of intangible assets	Amortization expense of other intangible assets as follows: Year Ended December 31, 2019 2018 2017 Amortization expense $ 6.5 $ 6.9 $ 6.6
Amortization for the next five years	We estimate amortization expense for the five years subsequent to December 31, 2019 as follows: 2020 $ 6.5 2021 $ 6.5 2022 $ 6.4 2023 $ 6.3 2024 $ 6.1

Financing Arrangements (Tables)

Financing Arrangements (Tables)	12 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
Schedule of long-term debt	Debt consists of the following: Carrying Value at Maturity Date Interest Rate at December 31, 2019 December 31, 2019 December 31, 2018 Senior Notes due 2027 April 15, 2027 6.625 % $ 350.0 $ 350.0 Revolving credit facility November 26, 2024 2.85 % 173.2 165.1 Industrial Equipment Group European Facilities December 21, 2021 3.25 % 4.6 12.6 Finance leases Various Various 17.2 20.7 Other Various Various 23.5 24.7 Total debt 568.5 573.1 Less: Current portion of long-term debt and short-term debt (16.8 ) (17.9 ) Less: Unamortized debt issuance costs (6.5 ) (7.7 ) Total long-term debt, net $ 545.2 $ 547.5
Fair value of debt	The following table represents fair value information of the Notes, classified as Level 1, at December 31, 2019 and 2018 . The fair value was estimated using quoted market prices. December 31, 2019 December 31, 2018 Carrying amount $ 350.0 $ 350.0 Fair value $ 358.3 $ 345.8
Maturities of long-term debt	Maturities of short-term and long-term debt, excluding finance leases, during each of the five years subsequent to December 31, 2019 are as follows: 2020 $ 9.8 2021 $ 3.5 2022 $ 3.0 2023 $ 2.9 2024 $ 175.8

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Income from continuing operations before income tax expense	Income before income taxes consists of the following: Year Ended December 31, 2019 2018 2017 United States $ 26.2 $ 35.1 $ 21.4 Outside the United States 28.7 36.7 26.3 $ 54.9 $ 71.8 $ 47.7
Income taxes	Income taxes consists of the following: Year Ended December 31, 2019 2018 2017 Current expense: Federal $ 5.9 $ 6.4 $ 14.3 State 0.7 0.6 0.7 Foreign 7.2 9.0 7.6 13.8 16.0 22.6 Deferred expense (benefit): Federal 1.8 1.3 (5.4 ) State (0.2 ) 0.1 0.3 Foreign (0.2 ) (0.8 ) 0.7 1.4 0.6 (4.4 ) Income tax expense $ 15.2 $ 16.6 $ 18.2
Reconciliation of income tax expense	A reconciliation of income tax expense computed by applying the statutory federal income tax rate to income tax expense as recorded is as follows: Year Ended December 31, 2019 2018 2017 Income tax at U.S. statutory rate $ 11.5 $ 15.1 $ 16.7 Effect of state income taxes, net 0.3 0.6 0.7 Effect of foreign operations 1.9 3.5 (5.2 ) Valuation allowance 0.6 (3.0 ) 5.3 Uncertain tax positions 0.1 (0.3 ) (2.0 ) Non-deductible items 0.3 0.5 0.5 Non-deductible compensation 2.2 0.8 0.4 Manufacturer's deduction — — (0.8 ) Foreign tax credit (1.7 ) (2.2 ) — Other tax credits (0.8 ) — — GILTI 1.9 3.1 — FDII (0.8 ) (0.6 ) — Net impact of TCJA — 0.3 4.2 Other, net (0.3 ) (1.2 ) (1.6 ) Income tax as recorded $ 15.2 $ 16.6 $ 18.2
Significant components of the Company's net deferred tax assets and liabilities	Significant components of the Company’s net deferred income tax assets and liabilities are as follows: Year Ended December 31, 2019 2018 Deferred income tax assets: Postretirement benefit obligation $ 1.7 $ 1.8 Inventory 8.7 8.5 Net operating loss and credit carryforwards 11.6 11.4 Operating lease liabilities 13.8 — Accrued litigation — 0.1 Compensation 2.9 4.7 Disallowed interest 4.6 2.7 Other 4.8 4.0 Total deferred income tax assets 48.1 33.2 Deferred income tax liabilities: Depreciation and amortization 21.0 17.6 Pension 13.9 12.3 Intangible assets 16.8 16.1 Right-of-use assets 13.5 — Other 3.0 3.2 Total deferred income tax liabilities 68.2 49.2 Net deferred income tax liabilities prior to valuation allowances (20.1 ) (16.0 ) Valuation allowances (4.8 ) (5.3 ) Net deferred income tax liability $ (24.9 ) $ (21.3 )
Reconciliation of unrecognized tax benefits	A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows: 2019 2018 2017 Unrecognized Tax Benefit — January 1, $ 0.9 $ 1.2 $ 2.9 Gross Increases to Tax Positions Related to Current Year 0.5 0.1 0.1 Gross Increases to Tax Positions Related to Prior Years 2.6 — 0.6 Gross Decreases to Tax Positions Related to Prior Years — (0.1 ) — Gross Decreases related to settlements with taxing authorities — (0.1 ) (0.4 ) Expiration of Statute of Limitations (0.3 ) (0.2 ) (1.9 ) Other — — (0.1 ) Unrecognized Tax Benefit — December 31, $ 3.7 $ 0.9 $ 1.2

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2019
Share-based Payment Arrangement [Abstract]
Summary of Restricted Share Activity	A summary of restricted share and performance share activity for the year ended December 31, 2019 is as follows: Time-Based Performance-Based Number of Shares Weighted Average Grant Date Fair Value Number of Shares Weighted Average Grant Date Fair Value (in whole shares) (in whole shares) Outstanding — beginning of year 529,947 $ 35.98 — $ — Granted (a) 268,948 32.01 50,000 32.55 Vested (212,261 ) 37.68 — — Canceled or expired (115,000 ) 39.35 — — Outstanding — end of year 471,634 $ 32.06 50,000 $ 32.55 (a) Included in the granted amount are 2,825 restricted share units.

Lease Arrangements (Tables)

Lease Arrangements (Tables)	12 Months Ended
	Dec. 31, 2019
Leases [Abstract]
Lease Assets and Liabilities	Balance Sheet as of December 31, 2019 Classification on the Balance Sheet December 31, 2019 Assets Operating lease assets Operating lease right-of-use assets $ 64.3 Finance lease assets Property, plant and equipment, net 27.1 Total lease assets $ 91.4 Liabilities Current Operating Current portion of operating lease liabilities $ 11.9 Finance Current portion of long-term debt and short-term debt 7.0 Noncurrent Operating Long-term operating lease liabilities 53.6 Finance Long-term debt 10.2 Total lease liabilities $ 82.7 Weighted-average remaining lease term (in years) Operating leases 7.1 Finance leases 3.9 Weighted-average discount rate Operating leases 5.4 % Finance leases 3.7 %
Lease Costs	2019 Finance lease expense Amortization of right-of-use assets $ 3.7 Interest on lease liabilities 0.7 Operating lease expense 17.4 Other lease expense (1) 6.3 Total lease expense $ 28.1 (1) - Other lease expense includes variable lease costs and short-term lease costs. 2019 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows for operating leases $ 17.2 Operating cash flows for finance leases $ 0.7 Financing cash flows for finance leases $ 3.4
Maturities of Lease Liabilities, Operating Leases	Maturities of Lease Liabilities as of December 31, 2019, were as follows: Operating Leases Finance Leases 2020 $ 14.9 $ 7.4 2021 12.5 4.3 2022 10.7 3.1 2023 9.1 2.0 2024 8.4 0.9 Thereafter 23.2 0.9 Total lease payments 78.8 18.6 Less: amount of lease payments representing interest (13.3 ) (1.4 ) Total present value of future lease payments $ 65.5 $ 17.2
Maturities of Lease Liabilities, Finance Leases	Maturities of Lease Liabilities as of December 31, 2019, were as follows: Operating Leases Finance Leases 2020 $ 14.9 $ 7.4 2021 12.5 4.3 2022 10.7 3.1 2023 9.1 2.0 2024 8.4 0.9 Thereafter 23.2 0.9 Total lease payments 78.8 18.6 Less: amount of lease payments representing interest (13.3 ) (1.4 ) Total present value of future lease payments $ 65.5 $ 17.2
Future Minimum Lease Payments, Operating Leases	The future minimum lease payments as of December 31, 2018, as reported in the Annual Report on Form 10-K for year ended December 31, 2018 under ASC 840 "Leases," are as follows: Operating leases Finance Leases 2019 $ 18.5 $ 7.3 2020 14.0 6.5 2021 10.5 3.3 2022 9.1 2.2 2023 7.2 1.4 Thereafter 23.2 1.6 Total minimum lease payments $ 82.5 22.3 Amounts representing interest (1.6 ) Present value of minimum lease payments 20.7 Current maturities (6.6 ) Long-term finance lease obligation $ 14.1
Future Minimum Lease Payments, Finance Leases	The future minimum lease payments as of December 31, 2018, as reported in the Annual Report on Form 10-K for year ended December 31, 2018 under ASC 840 "Leases," are as follows: Operating leases Finance Leases 2019 $ 18.5 $ 7.3 2020 14.0 6.5 2021 10.5 3.3 2022 9.1 2.2 2023 7.2 1.4 Thereafter 23.2 1.6 Total minimum lease payments $ 82.5 22.3 Amounts representing interest (1.6 ) Present value of minimum lease payments 20.7 Current maturities (6.6 ) Long-term finance lease obligation $ 14.1

Pensions and Postretirement B_2

Pensions and Postretirement Benefits (Tables)	12 Months Ended
	Dec. 31, 2019
Retirement Benefits [Abstract]
Summary of Changes in Benefit Obligation, Plan Assets, Funded Status	The following tables set forth the changes in benefit obligation, plan assets, funded status and amounts recognized in the consolidated balance sheet for the defined benefit pension and postretirement benefit plans as of December 31, 2019 and 2018 : Pension Benefits Postretirement Benefits 2019 2018 2019 2018 Change in benefit obligation Benefit obligation at beginning of year $ 71.2 $ 60.5 $ 8.5 $ 9.3 Service cost 3.8 3.7 — — Interest cost 2.6 2.2 0.3 0.3 Actuarial losses (gains) 7.4 (5.3 ) 0.5 0.4 Acquisition of CDF — 14.9 — — Benefits and expenses paid (5.6 ) (4.8 ) (1.3 ) (1.5 ) Benefit obligation at end of year $ 79.4 $ 71.2 $ 8.0 $ 8.5 Change in plan assets Fair value of plan assets at beginning of year $ 128.2 $ 134.8 $ — $ — Actual return on plan assets 22.7 (12.1 ) — — Company contributions — — 1.3 1.5 Cash transfer to fund postretirement benefit payments (0.9 ) (1.0 ) — — Acquisition of CDF — 11.3 — — Benefits and expenses paid (5.6 ) (4.8 ) (1.3 ) (1.5 ) Fair value of plan assets at end of year $ 144.4 $ 128.2 $ — $ — Funded (underfunded) status of the plans $ 65.0 $ 57.0 $ (8.0 ) $ (8.5 )
Schedule of Amounts Recognized in the Consolidated Balance Sheets	Amounts recognized in the consolidated balance sheets consist of: Pension Benefits Postretirement Benefits 2019 2018 2019 2018 Pension assets $ 65.0 $ 57.0 $ — $ — Other current liabilities — — 0.9 0.9 Other long-term liabilities — — 7.1 7.6 $ 65.0 $ 57.0 $ 8.0 $ 8.5 Amounts recognized in Accumulated other comprehensive loss Net actuarial loss $ 28.1 $ 34.7 $ 2.6 $ 2.4 Net prior service cost (credit) 0.2 0.3 — (0.1 ) Accumulated other comprehensive loss $ 28.3 $ 35.0 $ 2.6 $ 2.3
Summary of Pension Plan Weighted-Average Asset Allocation	The pension plan weighted-average asset allocation at December 31, 2019 and 2018 and target allocation for 2020 are as follows: Plan Assets Target 2020 2019 2018 Asset Category Equity securities 45-75% 59.2 % 57.6 % Debt securities 20-40% 25.5 % 26.5 % Other 0-20% 15.3 % 15.9 % 100% 100 % 100 %
Schedule of Fair Value Hierarchy of Pension Plans Assets	The following table sets forth, by level within the fair value hierarchy, the pension plans assets: 2019 2018 Level 1 Total Level 1 Total Common stock $ 40.0 $ 40.0 $ 34.2 $ 34.2 Equity securities 43.9 43.9 37.9 37.9 Foreign stock 7.0 7.0 5.7 5.7 U.S. Government obligations 8.6 8.6 4.8 4.8 Fixed income securities 11.5 11.5 13.1 13.1 Corporate bonds 14.2 14.2 12.0 12.0 Cash and cash equivalents 2.7 2.7 6.3 6.3 Total $ 127.9 $ 114.0 Investments measured at net asset value: Common collective trusts — 0.1 Hedge funds 16.5 14.1 Total assets at fair value $ 144.4 $ 128.2
Summary of Assumptions Used in the valuation of pension and postretirement benefit obligations	The following tables summarize the assumptions used in the valuation of pension and postretirement benefit obligations at December 31 and the measurement of the net periodic benefit cost in the following year. The Company used a spot rate approach by applying the specific spot rates along the yield curve to the relevant projected cash flows in the estimation of the service and interest components of benefit cost. Weighted-Average assumptions as of December 31, Pension Benefits Postretirement Benefits 2019 2018 2017 2019 2018 2017 Assumptions used to determine benefit obligation at year-end Discount rate 3.22 % 4.24 % 3.52 % 2.94 % 4.06 % 3.32 % Rate of compensation increase 3.00 % 3.00 % 3.00 % N/A N/A N/A Health care cost trend rate N/A N/A N/A 6.25 % 6.50 % 6.50 % Ultimate health care cost trend rate N/A N/A N/A 5.00 % 5.00 % 5.00 % Year of ultimate trend rate N/A N/A N/A 2025 2025 2025 Assumptions used to determine expense Discount rate for benefit obligations 4.11 % 3.51 % 3.90 % 4.06 % 3.35 % 3.61 % Discount rate for service costs 4.14 % 3.60 % 3.98 % 4.34 % 3.70 % 4.24 % Discount rate for interest costs 3.72 % 3.08 % 3.20 % 3.72 % 2.92 % 2.90 % Expected return on plan assets 8.25 % 8.25 % 8.25 % N/A N/A N/A Rate of compensation increase 3.00 % 3.00 % 3.00 % N/A N/A N/A Medical health care benefits rate increase N/A N/A N/A 6.50 % 6.50 % 6.50 % Medical drug benefits rate increase N/A N/A N/A 6.50 % 6.50 % 6.50 % Ultimate health care cost trend rate N/A N/A N/A 5.00 % 5.00 % 5.00 % Year of ultimate trend rate N/A N/A N/A 2025 2025 2025
Summary of Components of Net Periodic Benefit Cost	Pension Benefits Postretirement Benefits 2019 2018 2017 2019 2018 2017 Components of net periodic benefit cost Service costs $ 3.8 $ 3.7 $ 2.4 $ — $ — $ — Interest costs 2.6 2.2 1.8 0.3 0.3 0.3 Expected return on plan assets (10.9 ) (11.6 ) (9.7 ) — — — Amortization of prior service cost (credit) — — — (0.1 ) (0.1 ) (0.1 ) Recognized net actuarial loss 2.2 0.3 1.2 0.3 0.1 0.1 Benefit (income) costs $ (2.3 ) $ (5.4 ) $ (4.3 ) $ 0.5 $ 0.3 $ 0.3 Other changes in plan assets and benefit obligations recognized in accumulated other comprehensive (income) loss (“AOCI”) AOCI at beginning of year $ 35.0 $ 16.8 $ 26.1 $ 2.3 $ 2.0 $ 1.5 Net (loss) gain arising during the year (2.2 ) (0.3 ) (1.1 ) (0.3 ) (0.1 ) (0.1 ) Recognition of prior service credit — — — 0.1 0.1 0.1 Recognition of actuarial loss (4.5 ) 18.5 (8.2 ) 0.5 0.3 0.5 Total recognized in accumulated other comprehensive loss at end of year $ 28.3 $ 35.0 $ 16.8 $ 2.6 $ 2.3 $ 2.0
Schedule of Other Changes in Plan Assets and Benefit Obligations Recognized in Accumulated Other Comprehensive (income) Loss (“AOCI”)	Pension Benefits Postretirement Benefits 2019 2018 2017 2019 2018 2017 Components of net periodic benefit cost Service costs $ 3.8 $ 3.7 $ 2.4 $ — $ — $ — Interest costs 2.6 2.2 1.8 0.3 0.3 0.3 Expected return on plan assets (10.9 ) (11.6 ) (9.7 ) — — — Amortization of prior service cost (credit) — — — (0.1 ) (0.1 ) (0.1 ) Recognized net actuarial loss 2.2 0.3 1.2 0.3 0.1 0.1 Benefit (income) costs $ (2.3 ) $ (5.4 ) $ (4.3 ) $ 0.5 $ 0.3 $ 0.3 Other changes in plan assets and benefit obligations recognized in accumulated other comprehensive (income) loss (“AOCI”) AOCI at beginning of year $ 35.0 $ 16.8 $ 26.1 $ 2.3 $ 2.0 $ 1.5 Net (loss) gain arising during the year (2.2 ) (0.3 ) (1.1 ) (0.3 ) (0.1 ) (0.1 ) Recognition of prior service credit — — — 0.1 0.1 0.1 Recognition of actuarial loss (4.5 ) 18.5 (8.2 ) 0.5 0.3 0.5 Total recognized in accumulated other comprehensive loss at end of year $ 28.3 $ 35.0 $ 16.8 $ 2.6 $ 2.3 $ 2.0
Summary Company's Expected Future Benefit Payments	Below is a table summarizing the Company’s expected future benefit payments and the expected payments due to Medicare subsidy over the next ten years: Postretirement Benefits Pension Benefits Gross Expected Medicare Subsidy Net including Medicare Subsidy 2020 $ 5.7 $ 1.0 $ 0.1 $ 0.9 2021 5.9 0.9 0.1 0.8 2022 6.1 0.8 0.1 0.7 2023 6.2 0.8 0.1 0.7 2024 6.2 0.8 0.1 0.7 2025 to 2029 31.0 3.0 0.3 2.7
Summary of One-Percentage-Point Change in Assumed Healthcare Cost Trend Rate	A one-percentage-point change in the assumed health care cost trend rate would have the following effects: 1-Percentage Point Increase 1-Percentage Point Decrease Effect on total of service and interest cost components in 2020 $ — $ — Effect on postretirement benefit obligation as of December 31, 2020 $ 0.5 $ (0.4 )

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	12 Months Ended
	Dec. 31, 2019
Equity [Abstract]
Changes in accumulated comprehensive income (loss)	The components of and changes in accumulated other comprehensive income (loss) for the years ended December 31, 2019 , 2018 , and 2017 were as follows: Cumulative Translation Adjustment Pension and Postretirement Benefits Total Balance at January 1, 2017 $ (30.8 ) $ (11.9 ) $ (42.7 ) Currency translation 19.2 — 19.2 Pension and OPEB activity, net of tax — 5.6 5.6 Balance at December 31, 2017 (11.6 ) (6.3 ) (17.9 ) Currency translation (9.7 ) — (9.7 ) Pension and OPEB activity, net of tax — (13.3 ) (13.3 ) Balance at December 31, 2018 (21.3 ) (19.6 ) (40.9 ) Currency translation (1.1 ) — (1.1 ) Pension and OPEB activity, net of tax — 5.0 5.0 Balance at December 31, 2019 $ (22.4 ) $ (14.6 ) $ (37.0 )

Selected Quarterly Financial _2

Selected Quarterly Financial Data (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Financial Data	Quarter Ended Mar. 31 Jun. 30 Sept. 30 Dec. 31 2019 Net sales $ 420.1 $ 415.3 $ 403.4 $ 379.5 Gross profit 65.3 66.2 66.5 62.3 Net income 11.7 7.9 12.4 7.7 Net income attributable to noncontrolling interest (0.5 ) (0.3 ) (0.2 ) (0.1 ) Net income attributable to ParkOhio common shareholders $ 11.2 $ 7.6 $ 12.2 $ 7.6 Earnings per common share attributable to ParkOhio common shareholders: Basic $ 0.92 $ 0.62 $ 1.00 $ 0.62 Diluted $ 0.90 $ 0.61 $ 0.99 $ 0.61 Cash dividends per common share $ 0.125 $ 0.125 $ 0.125 $ 0.125 2018 Net sales $ 405.7 $ 432.2 $ 414.3 $ 405.9 Gross profit 65.1 73.1 65.9 67.4 Net income 10.2 15.0 14.7 15.3 Net income attributable to noncontrolling interest (0.4 ) (0.2 ) (0.5 ) (0.5 ) Net income attributable to ParkOhio common shareholders $ 9.8 $ 14.8 $ 14.2 $ 14.8 Earnings per common share attributable to ParkOhio common shareholders: Basic $ 0.80 $ 1.20 $ 1.15 $ 1.21 Diluted $ 0.78 $ 1.18 $ 1.14 $ 1.19 Cash dividends per common share $ 0.125 $ 0.125 $ 0.125 $ 0.125

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Narrative) (Details) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2019USD ($)	Sep. 30, 2019USD ($)	Jun. 30, 2019USD ($)	Mar. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Sep. 30, 2018USD ($)	Jun. 30, 2018USD ($)	Mar. 31, 2018USD ($)	Dec. 31, 2019USD ($)segment	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Jan. 01, 2019USD ($)
Accounting Policies [Abstract]
Number of reportable segments | segment									3
Allowance for doubtful accounts	$ 4.9				$ 6.2				$ 4.9	$ 6.2
Sale of accounts receivable									112.7	106.8
Expense related to discount on sale of accounts receivable									1.1	1
Concentration Risk [Line Items]
Net sales	379.5	$ 403.4	$ 415.3	$ 420.1	$ 405.9	$ 414.3	$ 432.2	$ 405.7	1,618.3	$ 1,658.1	$ 1,412.9
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating right-of-use assets	65.5								65.5
Operating lease assets	64.3								64.3
Accounts Receivable | Six Customers In Automotive Industry | Customer Concentration Risk
Concentration Risk [Line Items]
Uncollateralized accounts receivable	$ 44.8								$ 44.8
Percentage of concentration									17.00%
Revenue from Contract with Customer | Six Customers In Automotive Industry | Customer Concentration Risk
Concentration Risk [Line Items]
Percentage of concentration									17.00%
Net sales									$ 280.6
ASU 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating right-of-use assets												$ 69.7
Operating lease assets												$ 69.7

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Major Classes of Inventories) (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Major Classes of Inventories
Raw materials and supplies	$ 92.6	$ 85
Work in process	51.3	48.9
Finished goods	181.3	182
LIFO reserve	2	1.9
Inventories, net	327.2	317.8
Inventory reserves	(34.2)	(34.9)
Consigned inventory	$ 8.2	$ 10.3

Summary of Significant Accoun_6

Summary of Significant Accounting Policies (Property, Plant and Equipment) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Total property, plant and equipment		$ 522.6
Total property, plant and equipment	$ 560.1
Less: Accumulated depreciation	322.5
Less: Accumulated depreciation		303.2
Property, plant and equipment, net	237.6
Property, plant and equipment, net		219.4
Land and land improvements
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	12.1	11.9
Buildings
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	$ 84.8	82.3
Buildings | Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	5 years
Buildings | Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	40 years
Machinery and equipment
Property, Plant and Equipment [Line Items]
Total property, plant and equipment	$ 424	392.6
Machinery and equipment | Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	1 year
Property, plant and equipment, useful life, majority range	3 years
Machinery and equipment | Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	20 years
Property, plant and equipment, useful life, majority range	10 years
Leased property under finance leases
Property, Plant and Equipment [Line Items]
Leased property under finance leases	$ 39.2
Leased property under finance leases
Property, Plant and Equipment [Line Items]
Total property, plant and equipment		$ 35.8

Summary of Significant Accoun_7

Summary of Significant Accounting Policies (Depreciation Expense) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Accounting Policies [Abstract]
Depreciation expense	$ 27.7	$ 29.4	$ 24.9

Summary of Significant Accoun_8

Summary of Significant Accounting Policies (Changes in Product Warranty Liability) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Changes in product warranty liability
Balance at January 1	$ 6.2	$ 7.9	$ 7.1
Claims paid during the year	(4.1)	(5.3)	(4)
Warranty expense	4.3	3.6	4.7
Acquired warranty liabilities	0	0	0.1
Balance at December 31	$ 6.4	$ 6.2	$ 7.9

Summary of Significant Accoun_9

Summary of Significant Accounting Policies (Weighted-Average Number of Shares Used in Computing Earnings Per Share (Details) - shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Accounting Policies [Abstract]
Weighted average basic shares outstanding (in shares)	12,225,481	12,255,490	12,211,978
Plus dilutive impact of employee stock awards (in shares)	153,608	253,023	243,963
Weighted average diluted shares outstanding (in shares)	12,379,089	12,508,513	12,455,941

Revenue (Narrative) (Details)

Revenue (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Deferred revenue	$ 35.7	$ 39.5
Transferred over Time
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Deferred revenue	35.7	39.5
Contract assets	$ 61.7	$ 66.3
Revenue from Contract with Customer | Transferred over Time
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Percentage of concentration	18.00%
Minimum
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Payment term	30 days
Maximum
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Payment term	90 days

Segments (Narrative) (Details)

Segments (Narrative) (Details) - segment	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Segment Reporting [Abstract]
Number of reportable segments	3
Assets | Geographic Concentration Risk | United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Percentage of concentration	71.00%	68.00%	65.00%

Revenue (Summary of Disaggregat

Revenue (Summary of Disaggregation of Revenue by Product Line) (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Disaggregation of Revenue [Line Items]
Total revenues	$ 379.5	$ 403.4	$ 415.3	$ 420.1	$ 405.9	$ 414.3	$ 432.2	$ 405.7	$ 1,618.3	$ 1,658.1	$ 1,412.9
Supply Technologies Segment
Disaggregation of Revenue [Line Items]
Total revenues									611.5	636.8	561.8
Supply Technologies Segment | Supply Technologies
Disaggregation of Revenue [Line Items]
Total revenues									532.9	555.3
Supply Technologies Segment | Engineered specialty fasteners and other products
Disaggregation of Revenue [Line Items]
Total revenues									78.6	81.5
Assembly Components Segment
Disaggregation of Revenue [Line Items]
Total revenues									539.5	578.3	524.5
Assembly Components Segment | Fuel-related, rubber and plastic products
Disaggregation of Revenue [Line Items]
Total revenues									353.8	382.5
Assembly Components Segment | Aluminum products
Disaggregation of Revenue [Line Items]
Total revenues									185.7	195.8
Engineered Products Segment
Disaggregation of Revenue [Line Items]
Total revenues									467.3	443	$ 326.6
Engineered Products Segment | Industrial equipment
Disaggregation of Revenue [Line Items]
Total revenues									323.8	312.1
Engineered Products Segment | Forged and machined products
Disaggregation of Revenue [Line Items]
Total revenues									$ 143.5	$ 130.9

Segments (Schedule of Segment I

Segments (Schedule of Segment Information) (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Net sales:
Net sales	$ 379.5	$ 403.4	$ 415.3	$ 420.1	$ 405.9	$ 414.3	$ 432.2	$ 405.7	$ 1,618.3	$ 1,658.1	$ 1,412.9
Segment operating income:
Total segment operating income									83.1	97.3	83.8
Gain on sale of assets							$ 1.9		0	1.9	0
Litigation settlement gain									0	0	3.3
Other components of pension income and other postretirement benefits expense, net									5.6	8.8	6.4
Interest expense, net									(33.8)	(34.3)	(31.5)
Loss on extinguishment of debt									0	0	(11)
Income before income taxes									54.9	71.8	47.7
Capital expenditures									40.1	45.1	27.9
Depreciation and amortization expense									34.2	36.3	31.5
Identifiable assets	1,310.4				1,208.5				1,310.4	1,208.5	1,132.5
Supply Technologies
Net sales:
Net sales									611.5	636.8	561.8
Assembly Components
Net sales:
Net sales									539.5	578.3	524.5
Engineered Products
Net sales:
Net sales									467.3	443	326.6
Operating Segments
Segment operating income:
Total segment operating income									115.9	130.3	110.6
Capital expenditures									40.1	45.1	27.9
Depreciation and amortization expense									34.2	36.3	31.5
Operating Segments | Supply Technologies
Segment operating income:
Total segment operating income									42	49	43.3
Capital expenditures									6.1	5.2	3.3
Depreciation and amortization expense									4.8	5.3	4.7
Identifiable assets	355.9				330.1				355.9	330.1	344.4
Operating Segments | Assembly Components
Segment operating income:
Total segment operating income									36.2	42.9	47.8
Capital expenditures									19.5	24.3	18.6
Depreciation and amortization expense									20.1	22.2	20.7
Identifiable assets	413.4				378.3				413.4	378.3	351.4
Operating Segments | Engineered Products
Segment operating income:
Total segment operating income									37.7	38.4	19.5
Capital expenditures									14.3	15.4	5.7
Depreciation and amortization expense									8.8	8.4	5.6
Identifiable assets	455.1				433.1				455.1	433.1	353.6
Corporate
Segment operating income:
Corporate costs									(28.5)	(34.9)	(30.1)
Capital expenditures									0.2	0.2	0.3
Depreciation and amortization expense									0.5	0.4	0.5
Identifiable assets	$ 86				$ 67				86	67	83.1
Segment Reconciling Items
Segment operating income:
One-time net expense related to former President									(4.3)	0	0
Gain on sale of assets									0	1.9	0
Litigation settlement gain									$ 0	$ 0	$ 3.3

Revenue (Summary of Disaggreg_2

Revenue (Summary of Disaggregation of Revenue by Geographical Area) (Details) - USD ($) $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Total revenues	$ 379.5	$ 403.4	$ 415.3	$ 420.1	$ 405.9	$ 414.3	$ 432.2	$ 405.7	$ 1,618.3	$ 1,658.1	$ 1,412.9
Supply Technologies Segment
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Total revenues									611.5	636.8	561.8
Assembly Components Segment
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Total revenues									539.5	578.3	524.5
Engineered Products Segment
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Total revenues									467.3	443	$ 326.6
United States
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Total revenues									1,063.9	1,086.3
United States | Supply Technologies Segment
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Total revenues									404.5	421.8
United States | Assembly Components Segment
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Total revenues									388.1	410.2
United States | Engineered Products Segment
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Total revenues									271.3	254.3
Europe
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Total revenues									192.8	183.3
Europe | Supply Technologies Segment
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Total revenues									98	98.2
Europe | Assembly Components Segment
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Total revenues									14.6	7.8
Europe | Engineered Products Segment
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Total revenues									80.2	77.3
Asia
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Total revenues									127.9	140.4
Asia | Supply Technologies Segment
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Total revenues									40.3	49.2
Asia | Assembly Components Segment
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Total revenues									21.4	30
Asia | Engineered Products Segment
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Total revenues									66.2	61.2
Mexico
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Total revenues									105.8	103.5
Mexico | Supply Technologies Segment
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Total revenues									54.7	53.3
Mexico | Assembly Components Segment
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Total revenues									37.3	34
Mexico | Engineered Products Segment
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Total revenues									13.8	16.2
Canada
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Total revenues									112.8	130.7
Canada | Supply Technologies Segment
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Total revenues									12.2	13.3
Canada | Assembly Components Segment
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Total revenues									76.7	94.9
Canada | Engineered Products Segment
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Total revenues									23.9	22.5
Other
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Total revenues									15.1	13.9
Other | Supply Technologies Segment
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Total revenues									1.8	1
Other | Assembly Components Segment
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Total revenues									1.4	1.4
Other | Engineered Products Segment
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Total revenues									$ 11.9	$ 11.5

Acquisitions (Narrative) (Detai

Acquisitions (Narrative) (Details) $ in Millions	May 31, 2019USD ($)	Oct. 01, 2018USD ($)	Feb. 01, 2018USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)business	Dec. 31, 2017USD ($)
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Business acquisition, cash paid				$ 8.1	$ 46.9	$ 39.7
Erie Press Systems EP
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Purchase price	$ 9.1			9.1
Revenues				12
Business acquisition, cash paid				8.1
Cash acquired				10.4
Contingent consideration, range of outcomes, high				1
Contingent consideration liability				$ 1
CDF
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Purchase price			$ 35.6
Hydrapower Dynamics Limited
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Purchase price		$ 7.8
Immaterial business acquisitions
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Purchase price					$ 3.5
Number of acquisitions | business					2

Acquisitions (Purchase Price) (

Acquisitions (Purchase Price) (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Business Acquisition [Line Items]
Goodwill	$ 108.4	$ 103.4	$ 100.2
Erie Press Systems EP
Business Acquisition [Line Items]
Current assets	6.4
Current liabilities	(6.4)
Property, plant and equipment	2.9
Intangible assets	1.8
Goodwill	5.2
Deferred income tax liabilities	(0.8)
Total purchase price (including potential contingent consideration)	$ 9.1

Goodwill (Details)

Goodwill (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Goodwill [Roll Forward]
Goodwill, beginning of period	$ 103.4	$ 100.2
Acquisitions and adjustments	5	5
Foreign currency translation	0	(1.8)
Goodwill, end of period	108.4	103.4
Supply Technologies
Goodwill [Roll Forward]
Goodwill, beginning of period	14.2	15.4
Acquisitions and adjustments	0	(0.5)
Foreign currency translation	0.4	(0.7)
Goodwill, end of period	14.6	14.2
Assembly Components
Goodwill [Roll Forward]
Goodwill, beginning of period	56	54.1
Acquisitions and adjustments	0	1.9
Foreign currency translation	0	0
Goodwill, end of period	56	56
Engineered Products
Goodwill [Roll Forward]
Goodwill, beginning of period	33.2	30.7
Acquisitions and adjustments	5	3.6
Foreign currency translation	(0.4)	(1.1)
Goodwill, end of period	$ 37.8	$ 33.2

Other Intangible Assets (Schedu

Other Intangible Assets (Schedule of Other Intangible Assets) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Accumulated Amortization	$ 48.3	$ 41.8
Indefinite-lived Intangible Assets [Line Items]
Gross Value	138.9	137.1
Net Value	90.6	95.3
Indefinite-lived tradenames
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived tradenames	$ 24.6	24.1
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Useful Life (Years)	10 years 14 days
Finite-lived intangible assets, Gross Value	$ 86.6	86
Accumulated Amortization	39.6	34.5
Net Value	$ 47	51.5
Technology
Finite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Useful Life (Years)	15 years 5 months 28 days
Finite-lived intangible assets, Gross Value	$ 22.9	22.9
Accumulated Amortization	5.3	4.1
Net Value	$ 17.6	18.8
Other
Finite-Lived Intangible Assets [Line Items]
Weighted Average Remaining Useful Life (Years)	7 years 6 months 18 days
Finite-lived intangible assets, Gross Value	$ 4.8	4.1
Accumulated Amortization	3.4	3.2
Net Value	$ 1.4	$ 0.9

Other Intangible Assets (Amorti

Other Intangible Assets (Amortization Expense) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 6.5	$ 6.9	$ 6.6

Other Intangible Assets (Sche_2

Other Intangible Assets (Schedule of Amortization Expense for Subsequent Years) (Details) $ in Millions	Dec. 31, 2019USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2020	$ 6.5
2021	6.5
2022	6.4
2023	6.3
2024	$ 6.1

Financing Arrangements (Schedul

Financing Arrangements (Schedule of Long-term Debt) (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Apr. 30, 2017	Aug. 13, 2015
Carrying Value at
Finance leases	$ 17.2
Finance leases		$ 20.7			$ 50
Other	23.5	24.7
Total debt	568.5	573.1
Less: Current portion of long-term debt and short-term debt	(16.8)	(17.9)
Less: Unamortized debt issuance costs	(6.5)	(7.7)
Total long-term debt, net	$ 545.2	547.5
Revolving credit facility
Debt Instrument [Line Items]
Senior notes, interest rate	2.85%
Carrying Value at
Total debt	$ 173.2	165.1
Foreign Line of Credit
Debt Instrument [Line Items]
Senior notes, interest rate	3.25%
Carrying Value at
Total debt	$ 4.6	12.6
Senior Notes 6.625% Due 2027 | Senior Notes
Debt Instrument [Line Items]
Senior notes, interest rate	6.625%		6.625%	6.625%
Carrying Value at
Total debt	$ 350	$ 350

Financing Arrangements (Narrati

Financing Arrangements (Narrative) (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Apr. 30, 2017	Dec. 21, 2016	Oct. 21, 2015	Aug. 13, 2015
Line of Credit Facility [Line Items]
Ownership percentage of domestic subsidiaries				100.00%
Finance leases		$ 20,700,000					$ 50,000,000
Finance leases	$ 17,200,000
Foreign subsidiaries borrowings amount	16,200,000	26,100,000
Foreign subsidiaries bank guarantee amount	$ 33,800,000	$ 27,500,000
Weighted average interest rate	5.80%	5.80%	6.10%
Arkansas Development Finance Authority | Southwest Steel Processing LLC
Line of Credit Facility [Line Items]
Maximum borrowing capacity						$ 11,000,000
Amount outstanding	$ 8,400,000
Revolving credit facility
Line of Credit Facility [Line Items]
Senior notes, interest rate	2.85%
Amount outstanding	$ 173,200,000	$ 165,100,000
Foreign Line of Credit
Line of Credit Facility [Line Items]
Senior notes, interest rate	3.25%
Amount outstanding	$ 4,600,000	12,600,000
Senior Notes | Senior Notes Due 2027
Line of Credit Facility [Line Items]
Aggregate principal amount				$ 350,000,000
Senior Notes | Senior Notes 6.625% Due 2027
Line of Credit Facility [Line Items]
Senior notes, interest rate	6.625%		6.625%	6.625%
Amount outstanding	$ 350,000,000	350,000,000
Banco Bolbao Vizcaya Argentaria, S.A. | Line of Credit | Revolving credit facility | Financing Agreement
Line of Credit Facility [Line Items]
Maximum borrowing capacity					$ 11,200,000
Amount outstanding	$ 0
Banco Bolbao Vizcaya Argentaria, S.A. | Line of Credit | Foreign Line of Credit
Line of Credit Facility [Line Items]
Maximum borrowing capacity					$ 28,100,000
Park-Ohio Industries, Inc. | Revolving credit facility | Seventh Amendment Credit Agreement
Line of Credit Facility [Line Items]
Maximum borrowing capacity			$ 350,000,000
Park-Ohio Industries, Inc. | Revolving credit facility | Amendment No. 1 to Seventh Amended And Restated Credit Agreement
Line of Credit Facility [Line Items]
Maximum borrowing capacity		375,000,000
Accordion feature, increase limit		100,000,000
Park-Ohio Industries, Inc. | Revolving credit facility, European sub-limit | Seventh Amendment Credit Agreement
Line of Credit Facility [Line Items]
Maximum borrowing capacity			25,000,000
Park-Ohio Industries, Inc. | Revolving credit facility, European sub-limit | Amendment No. 1 to Seventh Amended And Restated Credit Agreement
Line of Credit Facility [Line Items]
Maximum borrowing capacity		30,000,000
Park-Ohio Industries, Inc. | Revolving credit facility, Canadian sub-limit | Seventh Amendment Credit Agreement
Line of Credit Facility [Line Items]
Maximum borrowing capacity			$ 35,000,000
Park-Ohio Industries, Inc. | Revolving credit facility, Canadian sub-limit | Amendment No. 1 to Seventh Amended And Restated Credit Agreement
Line of Credit Facility [Line Items]
Maximum borrowing capacity		$ 40,000,000

Financing Arrangements (Fair Va

Financing Arrangements (Fair Value of Debt) (Details) - Level 1 - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Carrying amount
Debt Instrument [Line Items]
Carrying amount	$ 350	$ 350
Fair value
Debt Instrument [Line Items]
Fair value	$ 358.3	$ 345.8

Financing Arrangements (Sched_2

Financing Arrangements (Schedule of Maturities of Long-term Debt) (Details) $ in Millions	Dec. 31, 2019USD ($)
Debt Disclosure [Abstract]
2020	$ 9.8
2021	3.5
2022	3
2023	2.9
2024	$ 175.8

Income Taxes (Income from Conti

Income Taxes (Income from Continuing Operations Before Income Taxes) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
United States	$ 26.2	$ 35.1	$ 21.4
Outside the United States	28.7	36.7	26.3
Income before income taxes	$ 54.9	$ 71.8	$ 47.7

Income Taxes (Income Taxes) (De

Income Taxes (Income Taxes) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Current expense:
Federal	$ 5.9	$ 6.4	$ 14.3
State	0.7	0.6	0.7
Foreign	7.2	9	7.6
Total	13.8	16	22.6
Deferred expense (benefit):
Federal	1.8	1.3	(5.4)
State	(0.2)	0.1	0.3
Foreign	(0.2)	(0.8)	0.7
Total	1.4	0.6	(4.4)
Income tax expense	$ 15.2	$ 16.6	$ 18.2

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Operating Loss Carryforwards [Line Items]
Change in tax rate, income tax expense		$ 0.3
GILTI, income tax expense	$ 1.9	3.1
FDII decrease in income tax expense	$ 0.8	$ 0.6
Deferred tax asset cumulative loss position term	3 years	3 years
Reversal of valuation allowance		$ 6.3
Deferred tax assets, income tax benefit		3
Unrecognized tax benefits, if recognized, would affect the effective tax rate	$ 1	0.8
Interest and penalties expense (benefit)	0.1	(0.1)
Payment of interest and penalties accrued	0.2	$ 0.1
Decrease in unrecognized tax benefits is reasonably possible	0.1
Undistributed earnings	194.9
Undistributed earnings, subject to transition tax	146.8
Domestic Tax Authority
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards for income tax purposes	1.5
Foreign Tax Authority
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards for income tax purposes	26.5
Operating loss carryforward, subject to expiration	12.4
Tax credit carryforward	0.1
State and Local Jurisdiction
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards for income tax purposes	$ 2.3

Income Taxes (Reconciliation Be

Income Taxes (Reconciliation Between Federal Statutory Tax Rate and Effective Tax Rates) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Income tax at U.S. statutory rate	$ 11.5	$ 15.1	$ 16.7
Effect of state income taxes, net	0.3	0.6	0.7
Effect of foreign operations	1.9	3.5	(5.2)
Valuation allowance	0.6	(3)	5.3
Uncertain tax positions	0.1	(0.3)	(2)
Non-deductible items	0.3	0.5	0.5
Non-deductible compensation	2.2	0.8	0.4
Manufacturer's deduction	0	0	(0.8)
Foreign tax credit	(1.7)	(2.2)	0
Other tax credits	(0.8)	0	0
GILTI	1.9	3.1	0
FDII	(0.8)	(0.6)	0
Net impact of TCJA	0	0.3	4.2
Other, net	(0.3)	(1.2)	(1.6)
Income tax expense	$ 15.2	$ 16.6	$ 18.2

Income Taxes (Significant Compo

Income Taxes (Significant Components of the Company's Net Deferred Tax Assets and Liabilities) (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Deferred income tax assets:
Postretirement benefit obligation	$ 1.7	$ 1.8
Inventory	8.7	8.5
Net operating loss and credit carryforwards	11.6	11.4
Operating lease liabilities	13.8
Accrued litigation	0	0.1
Compensation	2.9	4.7
Disallowed interest	4.6	2.7
Other	4.8	4
Total deferred income tax assets	48.1	33.2
Deferred income tax liabilities:
Depreciation and amortization	21	17.6
Pension	13.9	12.3
Intangible assets	16.8	16.1
Right-of-use assets	13.5
Other	3	3.2
Total deferred income tax liabilities	68.2	49.2
Net deferred income tax liabilities prior to valuation allowances	(20.1)	(16)
Valuation allowances	(4.8)	(5.3)
Net deferred income tax liability	$ (24.9)	$ (21.3)

Income Taxes (Reconciliation of

Income Taxes (Reconciliation of Unrecognized Tax Benefits) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Reconciliation of Beginning and Ending amount of Unrecognized tax benefits
Unrecognized Tax Benefit, Beginning of Period	$ 0.9	$ 1.2	$ 2.9
Gross Increases to Tax Positions Related to Current Year	0.5	0.1	0.1
Gross Increases to Tax Positions Related to Prior Years	2.6	0	0.6
Gross Decreases to Tax Positions Related to Prior Years	0	(0.1)	0
Gross Decreases related to settlements with taxing authorities	0	(0.1)	(0.4)
Expiration of Statute of Limitations	(0.3)	(0.2)	(1.9)
Other	0	0	(0.1)
Unrecognized Tax Benefit, End of Period	$ 3.7	$ 0.9	$ 1.2

Stock-Based Compensation (Summa

Stock-Based Compensation (Summary of Restricted Share Activity) (Details)	12 Months Ended
	Dec. 31, 2019$ / sharesshares
Restricted Stock Units (RSUs)
Number of Shares
Granted (in shares)	2,825
Time-Based | Restricted Stock
Number of Shares
Outstanding - beginning of year (in shares)	529,947
Granted (in shares)	268,948
Vested (in shares)	(212,261)
Canceled or expired (in shares)	(115,000)
Outstanding - end of year (in shares)	471,634
Weighted Average Grant Date Fair Value
Outstanding - beginning of year (in dollars per share) | $ / shares	$ 35.98
Granted (in dollars per share) | $ / shares	32.01
Vested (in dollars per share) | $ / shares	37.68
Canceled or expired (in dollars per share) | $ / shares	39.35
Outstanding - end of year (in dollars per share) | $ / shares	$ 32.06
Performance-Based | Restricted Stock
Number of Shares
Outstanding - beginning of year (in shares)	0
Granted (in shares)	50,000
Vested (in shares)	0
Canceled or expired (in shares)	0
Outstanding - end of year (in shares)	50,000
Weighted Average Grant Date Fair Value
Outstanding - beginning of year (in dollars per share) | $ / shares	$ 0
Granted (in dollars per share) | $ / shares	32.55
Vested (in dollars per share) | $ / shares	0
Canceled or expired (in dollars per share) | $ / shares	0
Outstanding - end of year (in dollars per share) | $ / shares	$ 32.55

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Compensation expense	$ 0
Forfeitures related to departure	$ 1,700,000
Cumulative profit target	5 years
Total fair value of restricted stock units vested	$ 8,000,000	$ 8,300,000	$ 7,000,000
Unrecognized compensation expense	$ 8,600,000
Total weighted average period	2 years 3 months 20 days
Restricted shares and performance shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Compensation expense	$ 4,100,000	$ 8,300,000	$ 8,600,000

Commitments and Contingencies (

Commitments and Contingencies (Details)	12 Months Ended
	Dec. 31, 2019plaintiffclaim
Commitments and Contingencies Disclosure [Abstract]
Number of cases asserting claims | claim	114
Number of plaintiffs | plaintiff	215

Lease Arrangements (Narrative)

Lease Arrangements (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Leases [Abstract]
Right-of-use asset	$ 13
Rental expense		$ 27.4	$ 22.3
Leases with related parties, annual rental expense	$ 2.2

Lease Arrangements (Classificat

Lease Arrangements (Classification on the Balance Sheet) (Details) $ in Millions	Dec. 31, 2019USD ($)
Assets
Operating lease assets	$ 64.3
Finance lease assets	27.1
Total lease assets	91.4
Current
Operating	11.9
Finance	7
Noncurrent
Operating	53.6
Finance	10.2
Total lease liabilities	$ 82.7
Weighted-average remaining lease term (in years)
Operating leases	7 years 1 month 1 day
Finance leases	3 years 11 months 1 day
Weighted-average discount rate
Operating leases	5.40%
Finance leases	3.70%

Lease Arrangements (Lease Costs

Lease Arrangements (Lease Costs) (Details) $ in Millions	12 Months Ended
	Dec. 31, 2019USD ($)
Finance lease expense
Amortization of right-of-use assets	$ 3.7
Interest on lease liabilities	0.7
Operating lease expense	17.4
Other lease expense	6.3
Total lease expense	$ 28.1

Lease Arrangements (Cash Flows)

Lease Arrangements (Cash Flows) (Details) $ in Millions	12 Months Ended
	Dec. 31, 2019USD ($)
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows for operating leases	$ 17.2
Operating cash flows for finance leases	0.7
Financing cash flows for finance leases	$ 3.4

Lease Arrangements (Maturities

Lease Arrangements (Maturities of Lease Liabilities) (Details) $ in Millions	Dec. 31, 2019USD ($)
Operating Leases
2020	$ 14.9
2021	12.5
2022	10.7
2023	9.1
2024	8.4
Thereafter	23.2
Total lease payments	78.8
Less: amount of lease payments representing interest	(13.3)
Total present value of future lease payments	65.5
Finance Leases
2020	7.4
2021	4.3
2022	3.1
2023	2
2024	0.9
Thereafter	0.9
Total lease payments	18.6
Less: amount of lease payments representing interest	(1.4)
Total present value of future lease payments	$ 17.2

Lease Arrangements (Schedule of

Lease Arrangements (Schedule of Future Minimum Lease Commitments) (Details) $ in Millions	Dec. 31, 2018USD ($)
Operating leases
2019	$ 18.5
2020	14
2021	10.5
2022	9.1
2023	7.2
Thereafter	23.2
Total minimum lease payments	82.5
Finance Leases
2019	7.3
2020	6.5
2021	3.3
2022	2.2
2023	1.4
Thereafter	1.6
Total minimum lease payments	22.3
Amounts representing interest	(1.6)
Present value of minimum lease payments	20.7
Current maturities	(6.6)
Long-term finance lease obligation	$ 14.1

Pensions and Postretirement B_3

Pensions and Postretirement Benefits (Summary of Change in Defined Benefit and Postretirement Benefit Plans) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Change in plan assets
Fair value of plan assets at beginning of year	$ 128.2
Fair value of plan assets at end of year	144.4	$ 128.2
Funded (underfunded) status of the plans
Pension assets	65	57
Pension Benefits
Change in benefit obligation
Benefit obligation at beginning of year	71.2	60.5
Service costs	3.8	3.7	$ 2.4
Interest costs	2.6	2.2	1.8
Actuarial losses (gains)	7.4	(5.3)
Acquisition of CDF	0	14.9
Benefits and expenses paid	(5.6)	(4.8)
Benefit obligation at end of year	79.4	71.2	60.5
Change in plan assets
Fair value of plan assets at beginning of year	128.2	134.8
Actual return on plan assets	22.7	(12.1)
Company contributions	0	0
Cash transfer to fund postretirement benefit payments	(0.9)	(1)
Acquisition of CDF	0	11.3
Benefits and expenses paid	(5.6)	(4.8)
Fair value of plan assets at end of year	144.4	128.2	134.8
Funded (underfunded) status of the plans	65	57
Funded (underfunded) status of the plans
Pension assets	65	57
Other current liabilities	0	0
Other long-term liabilities	0	0
Total assets (liabilities) recognized in the consolidated balance sheets	65	57
Amounts recognized in Accumulated other comprehensive loss
Net actuarial loss	28.1	34.7
Net prior service cost (credit)	0.2	0.3
Accumulated other comprehensive loss	28.3	35
Postretirement Benefits
Change in benefit obligation
Benefit obligation at beginning of year	8.5	9.3
Service costs	0	0	0
Interest costs	0.3	0.3	0.3
Actuarial losses (gains)	0.5	0.4
Acquisition of CDF	0	0
Benefits and expenses paid	(1.3)	(1.5)
Benefit obligation at end of year	8	8.5	9.3
Change in plan assets
Fair value of plan assets at beginning of year	0	0
Actual return on plan assets	0	0
Company contributions	1.3	1.5
Cash transfer to fund postretirement benefit payments	0	0
Acquisition of CDF	0	0
Benefits and expenses paid	(1.3)	(1.5)
Fair value of plan assets at end of year	0	0	$ 0
Funded (underfunded) status of the plans	(8)	(8.5)
Funded (underfunded) status of the plans
Pension assets	0	0
Other current liabilities	0.9	0.9
Other long-term liabilities	7.1	7.6
Total assets (liabilities) recognized in the consolidated balance sheets	(8)	(8.5)
Amounts recognized in Accumulated other comprehensive loss
Net actuarial loss	2.6	2.4
Net prior service cost (credit)	0	(0.1)
Accumulated other comprehensive loss	$ 2.6	$ 2.3

Pensions and Postretirement B_4

Pensions and Postretirement Benefits (Summary of Pension Plan Weighted-Average Asset Allocation) (Details)	Dec. 31, 2019	Dec. 31, 2018
Defined Benefit Plan Disclosure [Line Items]
Target allocation	100.00%
Weighted-average asset allocations	100.00%	100.00%
Equity securities
Defined Benefit Plan Disclosure [Line Items]
Weighted-average asset allocations	59.20%	57.60%
Debt securities
Defined Benefit Plan Disclosure [Line Items]
Weighted-average asset allocations	25.50%	26.50%
Other
Defined Benefit Plan Disclosure [Line Items]
Weighted-average asset allocations	15.30%	15.90%
Minimum | Equity securities
Defined Benefit Plan Disclosure [Line Items]
Target allocation	45.00%
Minimum | Debt securities
Defined Benefit Plan Disclosure [Line Items]
Target allocation	20.00%
Minimum | Other
Defined Benefit Plan Disclosure [Line Items]
Target allocation	0.00%
Maximum | Equity securities
Defined Benefit Plan Disclosure [Line Items]
Target allocation	75.00%
Maximum | Debt securities
Defined Benefit Plan Disclosure [Line Items]
Target allocation	40.00%
Maximum | Other
Defined Benefit Plan Disclosure [Line Items]
Target allocation	20.00%

Pensions and Postretirement B_5

Pensions and Postretirement Benefits (Summary of Pension Plan Asset Allocation By Level) (Details) - USD ($) $ in Millions	Dec. 31, 2019	Dec. 31, 2018
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	$ 144.4	$ 128.2
Common stock
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	40	34.2
Equity securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	43.9	37.9
Foreign stock
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	7	5.7
U.S. Government obligations
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	8.6	4.8
Fixed income securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	11.5	13.1
Corporate bonds
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	14.2	12
Cash and cash equivalents
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	2.7	6.3
Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	127.9	114
Level 1 | Common stock
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	40	34.2
Level 1 | Equity securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	43.9	37.9
Level 1 | Foreign stock
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	7	5.7
Level 1 | U.S. Government obligations
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	8.6	4.8
Level 1 | Fixed income securities
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	11.5	13.1
Level 1 | Corporate bonds
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	14.2	12
Level 1 | Cash and cash equivalents
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	2.7	6.3
Investments measured at net asset value | Common collective trusts
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	0	0.1
Investments measured at net asset value | Hedge funds
Defined Benefit Plan Disclosure [Line Items]
Fair value of pension plan assets	$ 16.5	$ 14.1

Pensions and Postretirement B_6

Pensions and Postretirement Benefits (Summary of Assumptions Used in the Valuation of Pension and Postretirement Benefit Obligations) (Details)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Assumptions used to determine benefit obligation at year-end
Rate of compensation increase	3.00%	3.00%	3.00%
Assumptions used to determine expense
Rate of compensation increase	3.00%	3.00%	3.00%
Rate of compensation increase	3.00%	3.00%	3.00%
Pension Benefits
Assumptions used to determine benefit obligation at year-end
Discount rate	3.22%	4.24%	3.52%
Assumptions used to determine expense
Discount rate for benefit obligations	4.11%	3.51%	3.90%
Discount rate for service costs	4.14%	3.60%	3.98%
Discount rate for interest costs	3.72%	3.08%	3.20%
Expected return on plan assets	8.25%	8.25%	8.25%
Postretirement Benefits
Assumptions used to determine benefit obligation at year-end
Discount rate	2.94%	4.06%	3.32%
Health care cost trend rate	6.25%	6.50%	6.50%
Ultimate health care cost trend rate	5.00%	5.00%	5.00%
Assumptions used to determine expense
Discount rate for benefit obligations	4.06%	3.35%	3.61%
Discount rate for service costs	4.34%	3.70%	4.24%
Discount rate for interest costs	3.72%	2.92%	2.90%
Medical health care benefits rate increase	6.50%	6.50%	6.50%
Medical drug benefits rate increase	6.50%	6.50%	6.50%
Ultimate health care cost trend rate	5.00%	5.00%	5.00%

Pensions and Postretirement B_7

Pensions and Postretirement Benefits (Summary of Components of Net Periodic Benefit Cost) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Pension Benefits
Components of net periodic benefit cost
Service costs	$ 3.8	$ 3.7	$ 2.4
Interest costs	2.6	2.2	1.8
Expected return on plan assets	(10.9)	(11.6)	(9.7)
Amortization of prior service cost (credit)	0	0	0
Recognized net actuarial loss	2.2	0.3	1.2
Benefit (income) costs	(2.3)	(5.4)	(4.3)
Other changes in plan assets and benefit obligations recognized in accumulated other comprehensive (income) loss (“AOCI”)
AOCI at beginning of year	35	16.8	26.1
Net (loss) gain arising during the year	(2.2)	(0.3)	(1.1)
Recognition of prior service credit	0	0	0
Recognition of actuarial loss	(4.5)	18.5	(8.2)
Total recognized in accumulated other comprehensive loss at end of year	28.3	35	16.8
Postretirement Benefits
Components of net periodic benefit cost
Service costs	0	0	0
Interest costs	0.3	0.3	0.3
Expected return on plan assets	0	0	0
Amortization of prior service cost (credit)	(0.1)	(0.1)	(0.1)
Recognized net actuarial loss	0.3	0.1	0.1
Benefit (income) costs	0.5	0.3	0.3
Other changes in plan assets and benefit obligations recognized in accumulated other comprehensive (income) loss (“AOCI”)
AOCI at beginning of year	2.3	2	1.5
Net (loss) gain arising during the year	(0.3)	(0.1)	(0.1)
Recognition of prior service credit	0.1	0.1	0.1
Recognition of actuarial loss	0.5	0.3	0.5
Total recognized in accumulated other comprehensive loss at end of year	$ 2.6	$ 2.3	$ 2

Pensions and Postretirement B_8

Pensions and Postretirement Benefits (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Estimated net loss	$ 1.9
SERP income	2.3	$ 5.4	$ 4.3
Other long-term liabilities	0	0
Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
Estimated net loss	0.2
SERP income	(0.5)	(0.3)	(0.3)
Other long-term liabilities	7.1	7.6
SERP
Defined Benefit Plan Disclosure [Line Items]
Annual supplemental retirement benefit	0.4
SERP income	0.1	$ 0.1	$ 0.2
Other long-term liabilities	$ 3

Pensions and Postretirement B_9

Pensions and Postretirement Benefits (Summary Company's Expected Future Benefit Payments) (Details) $ in Millions	Dec. 31, 2019USD ($)
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
2020	$ 5.7
2021	5.9
2022	6.1
2023	6.2
2024	6.2
2025 to 2029	31
Postretirement Benefits
Defined Benefit Plan Disclosure [Line Items]
2020	0.9
2021	0.8
2022	0.7
2023	0.7
2024	0.7
2025 to 2029	2.7
Postretirement Benefits | Gross
Defined Benefit Plan Disclosure [Line Items]
2020	1
2021	0.9
2022	0.8
2023	0.8
2024	0.8
2025 to 2029	3
Postretirement Benefits | Expected Medicare Subsidy
Defined Benefit Plan Disclosure [Line Items]
2020	0.1
2021	0.1
2022	0.1
2023	0.1
2024	0.1
2025 to 2029	$ 0.3

Pensions and Postretirement _10

Pensions and Postretirement Benefits (Summary of One-Percentage-Point Change in Assumed Healthcare Cost Trend Rate) (Details) $ in Millions	12 Months Ended
	Dec. 31, 2019USD ($)
Summary of One-Percentage-Point Change in the Assumed Healthcare Cost Trend Rate
Effect on total of service and interest cost components in 2017 increase	$ 0
Effect on total of service and interest cost components in 2017 decrease	0
Effect on postretirement benefit obligation as of December 31, 2017 increase	0.5
Effect on postretirement benefit obligation as of December 31, 2017 decrease	$ (0.4)

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	$ 312.6	$ 288	$ 236
Currency translation and pension and OPEB activity, net of tax	3.9	(23)	24.8
Ending balance	349.6	312.6	288
Cumulative Translation Adjustment
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(21.3)	(11.6)	(30.8)
Currency translation and pension and OPEB activity, net of tax	(1.1)	(9.7)	19.2
Ending balance	(22.4)	(21.3)	(11.6)
Pension and Postretirement Benefits
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(19.6)	(6.3)	(11.9)
Currency translation and pension and OPEB activity, net of tax	5	(13.3)	5.6
Ending balance	(14.6)	(19.6)	(6.3)
Total
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(40.9)	(17.9)	(42.7)
Ending balance	$ (37)	$ (40.9)	$ (17.9)

Subsequent Event (Details)

Subsequent Event (Details) - Subsequent Event - USD ($) $ / shares in Units, $ in Millions	Feb. 28, 2020	Jan. 31, 2020
Subsequent Event [Line Items]
Dividend per common share (in dollars per share)		$ 0.125
Dividend declared, cash outlay	$ 1.6

Selected Quarterly Financial _3

Selected Quarterly Financial Data (Unaudited) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended								12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]
Net sales	$ 379.5	$ 403.4	$ 415.3	$ 420.1	$ 405.9	$ 414.3	$ 432.2	$ 405.7	$ 1,618.3	$ 1,658.1	$ 1,412.9
Gross profit	62.3	66.5	66.2	65.3	67.4	65.9	73.1	65.1	260.3	271.5	232.8
Net income	7.7	12.4	7.9	11.7	15.3	14.7	15	10.2	39.7	55.2	29.5
Net income attributable to noncontrolling interest	(0.1)	(0.2)	(0.3)	(0.5)	(0.5)	(0.5)	(0.2)	(0.4)	(1.1)	(1.6)	(0.9)
Net income attributable to ParkOhio common shareholders	$ 7.6	$ 12.2	$ 7.6	$ 11.2	$ 14.8	$ 14.2	$ 14.8	$ 9.8	$ 38.6	$ 53.6	$ 28.6
Earnings per common share attributable to ParkOhio common shareholders:
Basic (in dollars per share)	$ 0.62	$ 1	$ 0.62	$ 0.92	$ 1.21	$ 1.15	$ 1.20	$ 0.80	$ 3.16	$ 4.37	$ 2.34
Diluted (in dollars per share)	0.61	0.99	0.61	0.90	1.19	1.14	1.18	0.78	3.12	4.28	2.30
Cash dividends per common share (in dollars per share)	$ 0.125000	$ 0.125000	$ 0.125000	$ 0.125	$ 0.125	$ 0.125	$ 0.125	$ 0.125	$ 0.5	$ 0.5	$ 0.5
Retirement and resignation of former President			$ 4.3
Gain on sale of assets							$ 1.9		$ 0	$ 1.9	$ 0

Schedule II - Valuation and Q_2

Schedule II - Valuation and Qualifying Accounts and Reserves (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Trade receivable allowances
Valuation and Qualifying Accounts and Reserves
Balance at Beginning of Period	$ 6.2	$ 4.5	$ 4
Charged to Costs and Expenses	1.3	2	1.5
Deductions and Other	(2.6)	(0.3)	(1)
Balance at End of Period	4.9	6.2	4.5
Inventory obsolescence reserve
Valuation and Qualifying Accounts and Reserves
Balance at Beginning of Period	34.9	29.8	30.2
Charged to Costs and Expenses	5.3	7.5	5.6
Deductions and Other	(6)	(2.4)	(6)
Balance at End of Period	34.2	34.9	29.8
Tax valuation allowances
Valuation and Qualifying Accounts and Reserves
Balance at Beginning of Period	5.3	11.6	5.3
Charged to Costs and Expenses	0.2	(6.3)	5.6
Deductions and Other	0	0	0.7
Balance at End of Period	$ 5.5	$ 5.3	$ 11.6

Uncategorized Items - pkoh-2019

Label	Element	Value
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ 2,600,000
Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ 2,600,000