Condensed Consolidating Financial Statements (Tables)

3 Months Ended

Mar. 31, 2013

Condensed Consolidating Financial Statements [Abstract]

Schedule of Condensed Balance Sheet

Condensed Consolidating Balance Sheet December 30, 2012 (Unaudited)
	Parent Company		Guarantors on a Combined Basis			Non-Guarantors on a Combined Basis		Eliminations			Consolidated
Assets
Current Assets:
Cash and cash equivalents	$	37.8	$	(4.0	)	$	15.2	$	—		$	49.0
Accounts receivable, net	—		253.5			18.4		—			271.9
Amounts due from affiliated companies	480.2		—			—		(480.2		)	—
Inventoried costs	—		75.4			18.9		—			94.3
Other current assets	9.1		28.0			3.1		—			40.2
Total current assets	527.1		352.9			55.6		(480.2		)	455.4
Property, plant and equipment, net	1.3		74.7			9.6		—			85.6
Goodwill	—		574.7			21.7		—			596.4
Intangible assets, net	—		103.4			2.7		—			106.1
Investment in subsidiaries	439.8		28.8			—		(468.6		)	—
Amounts due from affiliated companies	—		24.0			—		(24.0		)	—
Other assets	17.6		22.4			0.4		—			40.4
Total assets	$	985.8	$	1,180.9		$	90.0	$	(972.8	)	$	1,283.9
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	2.8	$	75.2		$	5.6	$	—		$	83.6
Accrued expenses	7.0		42.3			3.4		—			52.7
Accrued compensation	2.9		41.8			3.1		—			47.8
Billings in excess of costs and earnings on uncompleted contracts	—		40.5			3.2		—			43.7
Deferred income tax liability	—		28.9			—		—			28.9
Amounts due to affiliated companies	—		455.1			25.1		(480.2		)	—
Other current liabilities	1.1		19.1			1.9		—			22.1
Total current liabilities	13.8		702.9			42.3		(480.2		)	278.8
Long-term debt, net of current portion	643.6					4.8		—			648.4
Amounts due to affiliated companies	—		—			24.0		(24.0		)	—
Other long-term liabilities	4.3		26.2			2.1		—			32.6
Total liabilities	661.7		729.1			73.2		(504.2		)	959.8
Total stockholders' equity	324.1		451.8			16.8		(468.6		)	324.1
Total liabilities and stockholders' equity	$	985.8	$	1,180.9		$	90.0	$	(972.8	)	$	1,283.9

Condensed Consolidating Balance Sheet March 31, 2013 (Unaudited)
	Parent Company		Guarantors on a Combined Basis			Non-Guarantors on a Combined Basis		Eliminations			Consolidated
Assets
Current Assets:
Cash and cash equivalents	$	34.3	$	(1.9	)	$	19.2	$	—		$	51.6
Accounts receivable, net	—		264.7			17.1		—			281.8
Amounts due from affiliated companies	482.7		—			—		(482.7		)	—
Inventoried costs	—		70.7			17.5		—			88.2
Other current assets	8.8		21.6			3.1		—			33.5
Total current assets	525.8		355.1			56.9		(482.7		)	455.1
Amounts due from affiliated companies, long-term	—		24.0			—		(24.0		)	—
Property, plant and equipment, net	1.3		73.0			9.7		—			84.0
Goodwill	—		574.7			21.7		—			596.4
Intangible assets, net	—		94.5			2.3		—			96.8
Investment in subsidiaries	448.5		30.1			—		(478.6		)	—
Other assets	16.4		21.5			0.4		—			38.3
Total assets	$	992.0	$	1,172.9		$	91.0	$	(985.3	)	$	1,270.6
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	1.9	$	66.5		$	3.2	$	—		$	71.6
Accrued expenses	22.6		38.1			2.7		—			63.4
Accrued compensation	3.8		36.6			3.0		—			43.4
Billings in excess of costs and earnings on uncompleted contracts	—		42.3			6.1		—			48.4
Deferred income tax liability	—		29.0			—		—			29.0
Amounts due to affiliated companies	—		457.3			25.4		(482.7		)	—
Other current liabilities	1.1		16.8			1.9		—			19.8
Total current liabilities	29.4		686.6			42.3		(482.7		)	275.6
Long-term debt, net of current portion	642.7		—			4.5		—			647.2
Amounts due to affiliated companies	—		—			24.0		(24.0		)	—
Other long-term liabilities	4.3		25.8			2.1		—			32.2
Total liabilities	676.4		712.4			72.9		(506.7		)	955.0
Total stockholders' equity	315.6		460.5			18.1		(478.6		)	315.6
Total liabilities and stockholders' equity	$	992.0	$	1,172.9		$	91.0	$	(985.3	)	$	1,270.6

Schedule of Condensed Statement of Operations and Comprehensive Income

Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) Three Months Ended March 25, 2012 (Unaudited)
	Parent Company			Guarantors on a Combined Basis			Non-Guarantors on a Combined Basis			Eliminations			Consolidated
Service revenues	$	—		$	101.5		$	0.6		$	—		$	102.1
Product sales	—			96.0			14.3			(2.9		)	107.4
Total revenues	—			197.5			14.9			(2.9		)	209.5
Cost of service revenues	—			79.5			0.3			—			79.8
Cost of product sales	—			65.3			9.5			(2.9		)	71.9
Total costs	—			144.8			9.8			(2.9		)	151.7
Gross profit	—			52.7			5.1			—			57.8
Selling, general and administrative expenses	2.2			39.3			3.6			—			45.1
Research and development expenses	—			3.3			0.3			—			3.6
Operating income from continuing operations	(2.2		)	10.1			1.2			—			9.1
Other income (expense):
Interest expense, net	(16.0		)	—			(0.1		)	—			(16.1		)
Other income (expense), net	0.3			(0.1		)	0.2			—			0.4
Total other income and expense, net	(15.7		)	(0.1		)	0.1			—			(15.7		)
Income (loss) from continuing operations before income taxes	(17.9		)	10.0			1.3			—			(6.6		)
Benefit for income taxes from continuing operations	—			3.4			0.7			—			4.1
Income (loss) from continuing operations	(17.9		)	13.4			2.0			—			(2.5		)
Income (loss) from discontinued operations	—			(0.6		)	0.1			—			(0.5		)
Equity in net income (loss) of subsidiaries	14.9			2.1			—			(17.0		)	—
Net income (loss)	$	(3.0	)	$	14.9		$	2.1		$	(17.0	)	$	(3.0	)
Comprehensive income (loss)	$	(3.0	)	$	14.9		$	2.1		$	(17.0	)	$	(3.0	)

Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) Three Months Ended March 31, 2013 (Unaudited)
	Parent Company			Guarantors on a Combined Basis			Non-Guarantors on a Combined Basis			Eliminations			Consolidated
Service revenues	$	—		$	115.5		$	—		$	—		$	115.5
Product sales	—			123.3			18.8			(4.8		)	137.3
Total revenues	—			238.8			18.8			(4.8		)	252.8
Cost of service revenues	—			88.2			—			—			88.2
Cost of product sales	—			90.7			13.0			(4.8		)	98.9
Total costs	—			178.9			13.0			(4.8		)	187.1
Gross profit	—			59.9			5.8			—			65.7
Selling, general and administrative expenses	2.6			43.8			2.9			—			49.3
Research and development expenses	—			4.5			0.4			—			4.9
Operating income from continuing operations	(2.6		)	11.6			2.5			—			11.5
Other income expense:
Interest expense, net	(16.1		)	—			(0.1		)	—			(16.2		)
Other expense, net	—			—			(0.7		)	—			(0.7		)
Total other expense, net	(16.1		)	—			(0.8		)	—			(16.9		)
Income (loss) from continuing operations before income taxes	(18.7		)	11.6			1.7			—			(5.4		)
Provision for income taxes from continuing operations	0.3			2.4			0.1			—			2.8
Income (loss) from continuing operations	(19.0		)	9.2			1.6			—			(8.2		)
Loss from discontinued operations	—			(1.8		)	(0.3		)	—			(2.1		)
Equity in net income (loss) of subsidiaries	8.7			1.3			—			(10.0		)	—
Net income (loss)	$	(10.3	)	$	8.7		$	1.3		$	(10.0	)	$	(10.3	)
Comprehensive income (loss)	$	(10.2	)	$	8.7		$	1.2		$	(9.9	)	$	(10.2	)

Schedule of Condensed Cash Flow Statement

Condensed Consolidating Statement of Cash Flows Three Months Ended March 25, 2012 (Unaudited)
	Parent Company			Guarantors on a Combined Basis			Non-Guarantors on a Combined Basis			Eliminations		Consolidated
Net cash provided by (used in) operating activities	$	(6.2	)	$	26.3		$	4.9		$	—	$	25.0
Investing activities:
Cash paid for acquisitions, net of cash acquired	(21.5		)	—			—			—		(21.5		)
(Increase) decrease in restricted cash	(0.3		)	0.7			—			—		0.4
Capital expenditures	—			(2.4		)	(0.3		)	—		(2.7		)
Net cash used in investing activities from continuing operations	(21.8		)	(1.7		)	(0.3		)	—		(23.8		)
Financing activities:
Repayment of debt	—			—			(0.3		)	—		(0.3		)
Financing from affiliated companies	30.9			(30.9		)	—			—		—
Other, net	—			(0.1		)	—			—		(0.1		)
Net cash provided by (used in) financing activities from continuing operations	30.9			(31.0		)	(0.3		)	—		(0.4		)
Net cash flows of continuing operations	2.9			(6.4		)	4.3			—		0.8
Net operating cash flows from discontinued operations	—			3.7			0.2			—		3.9
Effect of exchange rate changes on cash and cash equivalents	—			—			(0.1		)	—		(0.1		)
Net increase in cash and cash equivalents	$	2.9		$	(2.7	)	$	4.4		$	—	$	4.6

Condensed Consolidating Statement of Cash Flows Three Months Ended March 31, 2013 (Unaudited)
	Parent Company			Guarantors on a Combined Basis			Non-Guarantors on a Combined Basis			Eliminations		Consolidated
Net cash provided by (used in) operating activities	$	(0.8	)	$	0.8		$	5.1		$	—	$	5.1
Investing activities:
Cash paid for acquisitions, net of cash acquired	—			1.2			—			—		1.2
Decrease in restricted cash	—			0.2			—			—		0.2
Capital expenditures	(0.1		)	(2.7		)	(0.5		)	—		(3.3		)
Net cash used in investing activities from continuing operations	(0.1		)	(1.3		)	(0.5		)	—		(1.9		)
Financing activities:
Repayment of debt	—			—			(0.3		)	—		(0.3		)
Financings from affiliated companies	(2.4		)	2.4			—			—		—
Other, net	(0.2		)	—			—			—		(0.2		)
Net cash provided by (used in) financing activities from continuing operations	(2.6		)	2.4			(0.3		)	—		(0.5		)
Net cash flows of continuing operations	(3.5		)	1.9			4.3			—		2.7
Net operating cash flows from discontinued operations	—			0.2			—			—		0.2
Effect of exchange rate changes on cash and cash equivalents	—			—			(0.3		)	—		(0.3		)
Net increase (decrease) in cash and cash equivalents	$	(3.5	)	$	2.1		$	4.0		$	—	$	2.6