XML 65 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 28, 2012
Dec. 30, 2011
Dec. 31, 2010
Operating activities:      
Net income $ 145.0 $ 94.8 $ 60.8
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 70.0 73.5 78.7
Amortization of debt issuance costs 1.2 3.4 2.3
Stock-based compensation expense 10.3 9.2 7.5
Asset impairment charges 2.2 16.7 38.7
Change in uncertain tax positions (7.0) 4.7 (2.0)
Gain on sale of securities (3.0) 0 0
Gain on sales of property, plant and equipment (0.2) (3.1) (9.2)
Equity in loss (income) of unconsolidated companies (0.7) 0.7 0.8
Deferred income taxes 0.5 (11.2) (3.3)
Excess tax benefit from stock-based compensation (3.6) (2.9) 0
Foreign currency translation adjustment 3.6 (0.3) 0.8
Changes in operating assets and liabilities:      
Receivables 1.7 21.5 4.0
Inventories (50.6) (21.5) 31.1
Prepaid expenses and other current assets 3.1 (2.9) 5.3
Accounts payable and accrued expenses (6.2) 13.9 (8.4)
Other noncurrent assets and liabilities 6.3 (0.8) (9.7)
Net cash provided by operating activities 172.6 195.7 197.4
Investing activities:      
Capital expenditures (79.7) (79.4) (70.8)
Purchase of securities available for sale (11.0) 0 0
Proceeds from sales of property, plant and equipment 9.8 4.7 16.0
Proceeds from sale of securities available for sale 8.5 0 0
Return of investment by an unconsolidated company 0 0 4.2
Net cash used in investing activities (72.4) (74.7) (50.6)
Financing activities:      
Proceeds from long-term debt 505.3 582.9 581.5
Payments on long-term debt (593.4) (663.5) (612.8)
Contributions from (distributions to) noncontrolling interests 7.0 (3.1) 3.4
Proceeds from stock options exercised 10.1 22.8 2.2
Excess tax benefit from stock-based compensation 3.6 2.9 0
Repurchase of shares (12.9) (50.0) (108.1)
Dividends paid (23.2) (17.7) (2.9)
Net cash used in financing activities (103.5) (125.7) (136.7)
Effect of exchange rate changes on cash (3.7) 2.5 4.5
Net (decrease) increase in cash and cash equivalents (7.0) (2.2) 14.6
Cash and cash equivalents, beginning 46.9 49.1 34.5
Cash and cash equivalents, ending 39.9 46.9 49.1
Supplemental cash flow information:      
Cash paid for interest 1.6 3.3 7.9
Cash paid for income taxes 8.7 3.4 7.1
Non-cash financing and investing activities:      
Purchase of subsidiaries 0 0.5 0
Sale of unconsolidated subsidiary 0.8 0.8 0
Retirement of treasury stock 14.4 0 0
Purchases of assets under capital lease obligations $ 0.1 $ 0.5 $ 0.5