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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income before non-controlling interest $ 74.7 $ 110.0 $ 78.9
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 71.4 76.3 74.6
Amortization of stock-based compensation 22.5 13.4 16.9
Amortization of deferred financing costs 20.3 12.5 7.4
Write-off of deferred financing costs 0.0 0.0 4.7
Bad debt expense 6.9 4.9 1.3
Deferred income taxes (21.3) (27.2) (49.1)
Dividends received from unconsolidated affiliates 9.1 2.0 2.5
Equity income in earnings of unconsolidated affiliates (11.9) (8.3) (4.4)
Non-cash interest expense on 8.0% Sealy Notes 6.3 5.1 3.7
Loss on sale of assets 1.5 3.9 0.8
Loss on disposal of business 0.0 23.2 0.0
Foreign currency transaction adjustments and other 5.5 1.8 0.1
Changes in operating assets and liabilities, net of effect of business acquisitions:      
Accounts receivable (35.3) (58.8) (30.1)
Inventories 10.7 (34.0) (34.5)
Prepaid expenses and other current assets (58.7) (14.9) 27.9
Accounts payable 46.1 47.8 28.1
Accrued expenses and other 90.3 56.7 4.4
Income taxes (3.9) 10.8 (34.7)
Net cash provided by operating activities 234.2 225.2 98.5
CASH FLOWS FROM INVESTING ACTIVITIES:      
Acquisition of businesses, net of cash acquired 0.0 (8.5) (1,172.9)
Proceeds from disposition of business 7.2 43.5 0.0
Purchases of property, plant and equipment (65.9) (47.5) (40.0)
Other (1.0) 2.1 (0.1)
Net cash used in investing activities (59.7) (10.4) (1,213.0)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from 2012 credit agreement 413.5 271.5 2,992.6
Repayments of 2012 credit agreement (988.3) (510.9) (1,658.3)
Proceeds from issuance of Senior Notes 450.0 0.0 375.0
Proceeds from 2011 credit facility 0.0 0.0 46.5
Repayments of 2011 credit facility 0.0 0.0 (696.5)
Proceeds from exercise of stock options 20.4 4.3 8.7
Excess tax benefit from stock based compensation 21.8 1.7 5.4
Proceeds from issuance of treasury stock by CEO 5.0 0.0 0.0
Treasury stock repurchased (1.3) (2.2) (7.0)
Payments of deferred financing costs (8.0) (3.1) (52.0)
Other (3.8) 0.6 (1.0)
Net cash (used in) provided by financing activities (90.7) (238.1) 1,013.4
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS 7.6 4.8 2.8
Increase (decrease) in cash and cash equivalents 91.4 (18.5) (98.3)
CASH AND CASH EQUIVALENTS, beginning of period 62.5 81.0 179.3
CASH AND CASH EQUIVALENTS, end of period 153.9 62.5 81.0
Cash paid during the period for:      
Interest 59.9 73.5 92.1
Income taxes, net of refunds $ 94.9 $ 56.3 $ 96.4