v3.22.1

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Income Statement [Abstract]
Net Sales	$ 284.8	$ 227.0
Cost, Product and Service [Extensible Enumeration]	Product [Member]	Product [Member]
Cost of products sold	$ 236.5	$ 177.4
Gross Profit	48.3	49.6
Selling, general and administrative expenses	30.3	24.3
Acquisition-related costs (Note 4)	5.3	12.0
Asset restructuring costs (Note 10)	0.6	0.0
COVID-19 costs	0.6	0.5
Other income, net	(0.7)	(0.8)
Operating Income	12.2	13.6
Interest expense, net	5.0	3.1
Income Before Income Taxes	7.2	10.5
Provision for income taxes	1.5	2.2
Net Income	$ 5.7	$ 8.3
Earnings Per Common Share
Basic (in dollars per share)	$ 0.34	$ 0.49
Diluted (in dollars per share)	$ 0.34	$ 0.49
Weighted Average Common Shares Outstanding (in thousands)
Basic (in shares)	16,808	16,835
Diluted (in shares)	16,852	16,873
Cash Dividends Declared Per Share of Common Stock (in dollars per share)	$ 0.475	$ 0.47

This element represents acquisition-related costs incurred to effect a business combination which costs have been expensed during the period. Such costs include finder's fees; advisory, legal, accounting, valuation, and other professional or consulting fees; general administrative costs, including the costs of maintaining an internal acquisitions department; and may include costs of registering and issuing debt and equity securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 25
-Paragraph 23
-URI http://asc.fasb.org/extlink&oid=123586518&loc=d3e1043-128460

Neenah Inc 10-Q