Condensed Consolidating Financial Statements (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2013 (Unaudited)
	Parent Company		Guarantors on a Combined Basis			Non-Guarantors on a Combined Basis		Eliminations			Consolidated
Assets
Current Assets:
Cash and cash equivalents	$	32.0	$	(3.5	)	$	21.2	$	—		$	49.7
Accounts receivable, net	—		237.0			16.6		—			253.6
Amounts due from affiliated companies	451.9		—			—		(451.9		)	—
Inventoried costs	—		69.0			16.3		—			85.3
Other current assets	10.9		15.4			2.9		—			29.2
Total current assets	494.8		317.9			57.0		(451.9		)	417.8
Amounts due from affiliated companies, long-term	—		24.0			—		(24.0		)	—
Property, plant and equipment, net	1.7		71.8			10.0		—			83.5
Goodwill	—		574.7			21.7		—			596.4
Intangible assets, net	—		85.8			2.0		—			87.8
Investment in subsidiaries	456.2		32.1			—		(488.3		)	—
Other assets	15.1		21.5			0.2		—			36.8
Total assets	$	967.8	$	1,127.8		$	90.9	$	(964.2	)	$	1,222.3
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$	4.1	$	57.0		$	3.8	$	—		$	64.9
Accrued expenses	7.2		35.4			2.6		—			45.2
Accrued compensation	3.3		33.8			2.7		—			39.8
Billings in excess of costs and earnings on uncompleted contracts	—		38.4			7.2		—			45.6
Deferred income tax liability	—		29.0			—		—			29.0
Amounts due to affiliated companies	—		429.2			22.7		(451.9		)	—
Other current liabilities	0.9		12.0			1.2		—			14.1
Total current liabilities	15.5		634.8			40.2		(451.9		)	238.6
Long-term debt, net of current portion	641.6		—			4.3		—			645.9
Amounts due to affiliated companies	—		—			24.0		(24.0		)	—
Other long-term liabilities	2.6		24.8			2.3		—			29.7
Total liabilities	659.7		659.6			70.8		(475.9		)	914.2
Total stockholders' equity	308.1		468.2			20.1		(488.3		)	308.1
Total liabilities and stockholders' equity	$	967.8	$	1,127.8		$	90.9	$	(964.2	)	$	1,222.3

Schedule of Condensed Statement of Operations and Comprehensive Income

Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) Three Months Ended June 24, 2012 (Unaudited)
	Parent Company			Guarantors on a Combined Basis			Non-Guarantors on a Combined Basis			Eliminations			Consolidated
Service revenues	$	—		$	111.5		$	0.6		$	—		$	112.1
Product sales	—			96.6			14.7			(3.6		)	107.7
Total revenues	—			208.1			15.3			(3.6		)	219.8
Cost of service revenues	—			86.2			0.5			—			86.7
Cost of product sales	—			69.2			9.8			(3.6		)	75.4
Total costs	—			155.4			10.3			(3.6		)	162.1
Gross profit	—			52.7			5.0			—			57.7
Selling, general and administrative expenses	2.6			40.0			2.9			—			45.5
Research and development expenses	—			4.6			0.2			—			4.8
Operating income from continuing operations	(2.6		)	8.1			1.9			—			7.4
Other income (expense):
Interest expense, net	(16.1		)	0.1			(0.2		)	—			(16.2		)
Other income (expense), net	—			0.2			0.3			—			0.5
Total other income and expense, net	(16.1		)	0.3			0.1			—			(15.7		)
Income (loss) from continuing operations before income taxes	(18.7		)	8.4			2.0			—			(8.3		)
Provision for income taxes from continuing operations	—			5.7			0.9			—			6.6
Income (loss) from continuing operations	(18.7		)	14.1			2.9			—			(14.9		)
Income (loss) from discontinued operations	—			(2.2		)	(0.1		)	—			(2.3		)
Equity in net income (loss) of subsidiaries	1.5			1.0			—			(2.5		)	—
Net income (loss)	$	(17.2	)	$	12.9		$	2.8		$	(2.5	)	$	(17.2	)
Comprehensive income (loss)	$	(17.4	)	$	1.7		$	1.1		$	(2.8	)	$	(17.4	)

Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) Three Months Ended June 30, 2013 (Unaudited)
	Parent Company			Guarantors on a Combined Basis			Non-Guarantors on a Combined Basis			Eliminations			Consolidated
Service revenues	$	—		$	109.3		$	0.9		$	—		$	110.2
Product sales	—			110.9			18.8			(4.7		)	125.0
Total revenues	—			220.2			19.7			(4.7		)	235.2
Cost of service revenues	—			82.6			0.7			—			83.3
Cost of product sales	—			82.8			13.4			(4.7		)	91.5
Total costs	—			165.4			14.1			(4.7		)	174.8
Gross profit	—			54.8			5.6			—			60.4
Selling, general and administrative expenses	1.1			42.4			3.2			—			46.7
Research and development expenses	—			4.5			0.3			—			4.8
Operating income from continuing operations	(1.1		)	7.9			2.1			—			8.9
Other income (expense):
Interest expense, net	(16.1		)	—			(0.2		)	—			(16.3		)
Other income (expense), net	—			0.1			0.1			—			0.2
Total other income and expense, net	(16.1		)	0.1			(0.1		)	—			(16.1		)
Income (loss) from continuing operations before income taxes	(17.2		)	8.0			2.0			—			(7.2		)
Benefit for income taxes from continuing operations	0.2			(0.4		)	0.1			—			(0.1		)
Income (loss) from continuing operations	(17.4		)	8.4			1.9			—			(7.1		)
Income (loss) from discontinued operations	0.1			(2.7		)	0.1			—			(2.5		)
Equity in net income (loss) of subsidiaries	7.7			2.0			—			(9.7		)	—
Net income (loss)	$	(9.6	)	$	7.7		$	2.0		$	(9.7	)	$	(9.6	)
Comprehensive income (loss)	$	(9.6	)	$	7.7		$	2.0		$	(9.7	)	$	(9.6	)

Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) Six Months Ended June 24, 2012 (Unaudited)
	Parent Company			Guarantors on a Combined Basis			Non-Guarantors on a Combined Basis			Eliminations			Consolidated
Service revenues	$	—		$	213.0		$	1.2		$	—		$	214.2
Product sales	—			192.6			29.0			(6.5		)	215.1
Total revenues	—			405.6			30.2			(6.5		)	429.3
Cost of service revenues	—			165.7			0.8			—			166.5
Cost of product sales	—			134.9			19.3			(6.5		)	147.7
Total costs	—			300.6			20.1			(6.5		)	314.2
Gross profit	—			105.0			10.1			—			115.1
Selling, general and administrative expenses	4.8			78.9			6.5			—			90.2
Research and development expenses	—			7.9			0.5			—			8.4
Operating income from continuing operations	(4.8		)	18.2			3.1			—			16.5
Other income expense:
Interest expense, net	(32.1		)	0.1			(0.3		)	—			(32.3		)
Other expense, net	0.3			0.1			0.5			—			0.9
Total other expense, net	(31.8		)	0.2			0.2			—			(31.4		)
Income (loss) from continuing operations before income taxes	(36.6		)	18.4			3.3			—			(14.9		)
Provision for income taxes from continuing operations	—			2.3			0.2			—			2.5
Income (loss) from continuing operations	(36.6		)	16.1			3.1			—			(17.4		)
Loss from discontinued operations	—			(2.8		)	—			—			(2.8		)
Equity in net income (loss) of subsidiaries	16.4			3.0			—			(19.4		)	—
Net income (loss)	(20.2		)	16.3			3.1			(19.4		)	(20.2		)
Comprehensive income (loss)	$	(20.4	)	$	16.3		$	3.2		$	(19.5	)	$	(20.4	)

Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) Six Months Ended June 30, 2013 (Unaudited)
	Parent Company			Guarantors on a Combined Basis			Non-Guarantors on a Combined Basis			Eliminations			Consolidated
Service revenues	$	—		$	224.8		$	1.4		$	—		$	226.2
Product sales	—			234.2			37.6			(9.5		)	262.3
Total revenues	—			459.0			39.0			(9.5		)	488.5
Cost of service revenues	—			170.8			1.1			—			171.9
Cost of product sales	—			173.5			26.4			(9.5		)	190.4
Total costs	—			344.3			27.5			(9.5		)	362.3
Gross profit	—			114.7			11.5			—			126.2
Selling, general and administrative expenses	3.7			86.2			6.3			—			96.2
Research and development expenses	—			9.0			0.7			—			9.7
Operating income from continuing operations	(3.7		)	19.5			4.5			—			20.3
Other income expense:
Interest expense, net	(32.2		)	—			(0.3		)	—			(32.5		)
Other expense, net	—			0.1			(0.7		)	—			(0.6		)
Total other expense, net	(32.2		)	0.1			(1.0		)	—			(33.1		)
Income (loss) from continuing operations before income taxes	(35.9		)	19.6			3.5			—			(12.8		)
Provision for income taxes from continuing operations	0.5			2.0			0.2			—			2.7
Income (loss) from continuing operations	(36.4		)	17.6			3.3			—			(15.5		)
Loss from discontinued operations	0.1			(4.5		)	—			—			(4.4		)
Equity in net income (loss) of subsidiaries	16.4			3.3			—			(19.7		)	—
Net income (loss)	$	(19.9	)	$	16.4		$	3.3		$	(19.7	)	$	(19.9	)
Comprehensive income (loss)	$	(19.8	)	$	16.4		$	3.2		$	(19.6	)	$	(19.8	)

Schedule of Condensed Cash Flow Statement

Condensed Consolidating Statement of Cash Flows Six Months Ended June 24, 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	$	(40.5	)	$	43.2		$	7.1		$	—	$	9.8
Investing activities:
Cash paid for acquisitions, net of cash acquired	(21.5		)	—			—			—		(21.5		)
(Increase) decrease in restricted cash	(0.4		)	0.7			—			—		0.3
Capital expenditures	—			(5.1		)	(1.1		)	—		(6.2		)
Net cash used in investing activities from continuing operations	(21.9		)	(4.4		)	(1.1		)	—		(27.4		)
Financing activities:
Proceeds from the issuance of common stock for cash, net of issuance costs	97.0			—			—			—		97.0
Cash paid for contingent acquisition consideration	(2.5		)	—			—			—		(2.5		)
Debt issuance costs	(1.0		)	—			—			—		(1.0		)
Repayment of debt	—			—			(0.5		)	—		(0.5		)
Financing from affiliated companies	43.0			(43.0		)	—			—		—
Other, net	—			(0.3		)	—			—		(0.3		)
Net cash provided by (used in) financing activities from continuing operations	136.5			(43.3		)	(0.5		)	—		92.7
Net cash flows of continuing operations	74.1			(4.5		)	5.5			—		75.1
Net operating cash flows from discontinued operations	—			1.3			—			—		1.3
Effect of exchange rate changes on cash and cash equivalents	—			—			(0.3		)	—		(0.3		)
Net increase in cash and cash equivalents	$	74.1		$	(3.2	)	$	5.2		$	—	$	76.1

Condensed Consolidating Statement of Cash Flows Six Months Ended June 30, 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	$	(33.4	)	$	36.1		$	5.7		$	—	$	8.4
Investing activities:
Cash paid for acquisitions, net of cash acquired	—			1.2			—			—		1.2
Decrease in restricted cash	—			0.2			—			—		0.2
Other, net	—			0.4			—			—		0.4
Capital expenditures	(0.7		)	(5.5		)	(1.1		)	—		(7.3		)
Net cash used in investing activities from continuing operations	(0.7		)	(3.7		)	(1.1		)	—		(5.5		)
Financing activities:
Repayment of debt	—			—			(0.5		)	—		(0.5		)
Cash paid for contingent acquisition consideration	—			(2.1		)	—			—		(2.1		)
Financings from affiliated companies	28.6			(30.7		)	2.1			—		—
Other, net	(0.3		)	—			—			—		(0.3		)
Net cash provided by (used in) financing activities from continuing operations	28.3			(32.8		)	1.6			—		(2.9		)
Net cash flows of continuing operations	(5.8		)	(0.4		)	6.2			—		—
Net operating cash flows from discontinued operations	—			0.8			—			—		0.8
Effect of exchange rate changes on cash and cash equivalents	—			—			(0.1		)	—		(0.1		)
Net increase (decrease) in cash and cash equivalents	$	(5.8	)	$	0.4		$	6.1		$	—	$	0.7