XML 43 R6.htm IDEA: XBRL DOCUMENT v3.3.0.814
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 25, 2015
Sep. 26, 2014
Operating activities:    
Net income $ 140.0 $ 145.0
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 53.7 54.4
Amortization of debt issuance costs 0.3 0.3
Stock-based compensation expense 11.2 9.8
Asset impairment, net 2.4 0.3
Change in uncertain tax positions (0.1) 0.3
Gain on sales of property, plant and equipment (2.5) (0.4)
Deferred income taxes 1.2 (2.1)
Excess tax benefit from stock-based compensation (1.1) (0.1)
Foreign currency translation adjustment (4.9) (1.7)
Changes in operating assets and liabilities:    
Receivables 8.6 3.5
Inventories 21.3 26.3
Prepaid expenses and other current assets (4.5) (9.7)
Accounts payable and accrued expenses 15.4 19.7
Other noncurrent assets and liabilities (2.8) (2.5)
Net cash provided by operating activities 238.2 243.1
Investing activities:    
Capital expenditures (90.0) (119.0)
Proceeds from sales of property, plant and equipment 6.1 1.2
Net cash used in investing activities (83.9) (117.8)
Financing activities:    
Proceeds from long-term debt 419.5 375.2
Payments on long-term debt (474.9) (487.3)
Proceeds from stock options exercised (1.8) 5.0
Proceeds from stock options exercised 32.6 34.8
Excess tax benefit from stock-based compensation 1.1 0.1
Dividends paid (19.7) (20.9)
Repurchase and retirement of ordinary shares (112.8) (42.4)
Net cash used in financing activities (156.0) (135.5)
Effect of exchange rate changes on cash 10.2 5.0
Net increase (decrease) in cash and cash equivalents 8.5 (5.2)
Net increase (decrease) in cash and cash equivalents 34.1 42.5
Cash and cash equivalents, ending 42.6 37.3
Supplemental cash flow information:    
Cash paid for interest 2.8 2.1
Cash paid for income taxes 3.1 8.3
Non-cash financing and investing activities:    
Purchase of assets under capital lease obligations 1.0 0.8
Retirement of ordinary shares 97.7 42.4
Dividends on restricted share units $ (0.4) $ (0.1)