XML 124 R5.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED BALANCE SHEETS (USD $)
In Millions, unless otherwise specified
Dec. 31, 2014
Dec. 31, 2013
Current Assets:    
Unrestricted cash and cash equivalents $ 58.4us-gaap_CashAndCashEquivalentsAtCarryingValue $ 80.9us-gaap_CashAndCashEquivalentsAtCarryingValue
Restricted cash 0.6us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue 2.9us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue
Accounts receivable, less allowances of $3.7 million and $4.2 million, respectively 324.9us-gaap_AccountsReceivableNetCurrent 276.4us-gaap_AccountsReceivableNetCurrent
Inventories:    
Raw materials 111.8us-gaap_InventoryRawMaterialsAndSuppliesNetOfReserves 80.1us-gaap_InventoryRawMaterialsAndSuppliesNetOfReserves
Work in process 28.3us-gaap_InventoryWorkInProcessNetOfReserves 23.7us-gaap_InventoryWorkInProcessNetOfReserves
Finished goods 234.2us-gaap_InventoryFinishedGoodsNetOfReserves 166.7us-gaap_InventoryFinishedGoodsNetOfReserves
Total inventory 374.3us-gaap_InventoryNet 270.5us-gaap_InventoryNet
Prepaid expenses 18.4us-gaap_OtherPrepaidExpenseCurrent 20.2us-gaap_OtherPrepaidExpenseCurrent
Other current assets 10.1us-gaap_OtherAssetsCurrent 12.2us-gaap_OtherAssetsCurrent
Tax refunds receivable 8.0us-gaap_IncomeTaxesReceivable 7.2us-gaap_IncomeTaxesReceivable
Deferred tax assets 28.1us-gaap_DeferredTaxAssetsLiabilitiesNetCurrent 29.7us-gaap_DeferredTaxAssetsLiabilitiesNetCurrent
Total current assets 822.8us-gaap_AssetsCurrent 700.0us-gaap_AssetsCurrent
Property and Equipment, at Cost:    
Land 17.9us-gaap_Land 17.8us-gaap_Land
Buildings and improvements 118.5us-gaap_BuildingsAndImprovementsGross 112.0us-gaap_BuildingsAndImprovementsGross
Machinery and equipment 297.8us-gaap_MachineryAndEquipmentGross 261.8us-gaap_MachineryAndEquipmentGross
Total property and equipment 434.2us-gaap_PropertyPlantAndEquipmentGross 391.6us-gaap_PropertyPlantAndEquipmentGross
Less accumulated depreciation 196.2us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment 159.2us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
Total property and equipment, net 238.0us-gaap_PropertyPlantAndEquipmentNet 232.4us-gaap_PropertyPlantAndEquipmentNet
Other Assets:    
Goodwill 474.3us-gaap_Goodwill [1] 373.5us-gaap_Goodwill [1]
Intangible assets, less accumulated amortization of $210.9 million and $178.6 million, respectively 642.6us-gaap_IntangibleAssetsNetExcludingGoodwill 648.9us-gaap_IntangibleAssetsNetExcludingGoodwill
Deferred debt expense 17.3us-gaap_UnamortizedDebtIssuanceExpense 16.3us-gaap_UnamortizedDebtIssuanceExpense
Restricted investments 0.9us-gaap_MarketableSecuritiesRestrictedNoncurrent 1.6us-gaap_MarketableSecuritiesRestrictedNoncurrent
Other assets 13.2us-gaap_OtherAssetsNoncurrent 18.2us-gaap_OtherAssetsNoncurrent
Total other long-term assets 1,148.3ntks_TotalOtherLongTermAssets 1,058.5ntks_TotalOtherLongTermAssets
Total Assets 2,209.1us-gaap_Assets 1,990.9us-gaap_Assets
Current Liabilities:    
Short-term bank obligations 0.6us-gaap_ShortTermBankLoansAndNotesPayable 0.7us-gaap_ShortTermBankLoansAndNotesPayable
Current maturities of long-term debt 6.3us-gaap_LongTermDebtCurrent 2.8us-gaap_LongTermDebtCurrent
Accounts payable 288.8us-gaap_AccountsPayableCurrent 214.7us-gaap_AccountsPayableCurrent
Accrued expenses and taxes 222.4us-gaap_AccruedLiabilitiesCurrent 231.5us-gaap_AccruedLiabilitiesCurrent
Total current liabilities 518.1us-gaap_LiabilitiesCurrent 449.7us-gaap_LiabilitiesCurrent
Other Liabilities:    
Deferred income taxes 123.5us-gaap_DeferredTaxLiabilitiesNoncurrent 159.1us-gaap_DeferredTaxLiabilitiesNoncurrent
Other 185.9us-gaap_OtherLiabilitiesNoncurrent 188.9us-gaap_OtherLiabilitiesNoncurrent
Total other long-term liabilities 309.4us-gaap_LiabilitiesOtherThanLongtermDebtNoncurrent 348.0us-gaap_LiabilitiesOtherThanLongtermDebtNoncurrent
Notes, Mortgage Notes and Obligations Payable, Less Current Maturities 1,339.4us-gaap_LongTermDebtNoncurrent 1,093.3us-gaap_LongTermDebtNoncurrent
Commitments and Contingencies (Note 6)      
Stockholders' Investment:    
Preferred stock, $0.01 par value, 10,000,000 authorized shares; none issued and outstanding at December 31, 2014 and 2013 0us-gaap_PreferredStockValue 0us-gaap_PreferredStockValue
Common stock, $0.01 par value, 90,000,000 authorized shares; 16,986,493 shares issued and 16,150,794 shares issued at December 31, 2014 and 2013, respectively 0.2us-gaap_CommonStockValue 0.2us-gaap_CommonStockValue
Additional paid-in capital 249.4us-gaap_AdditionalPaidInCapital 203.6us-gaap_AdditionalPaidInCapital
Accumulated deficit (117.1)us-gaap_RetainedEarningsAccumulatedDeficit (71.5)us-gaap_RetainedEarningsAccumulatedDeficit
Accumulated other comprehensive loss (35.7)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax (16.3)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Less: Treasury stock at cost, 732,340 shares and 263,145 shares at December 31, 2014 and 2013, respectively (54.6)us-gaap_TreasuryStockValue (16.1)us-gaap_TreasuryStockValue
Total stockholders' investment 42.2us-gaap_StockholdersEquity 99.9us-gaap_StockholdersEquity
Total Liabilities and Stockholders' Investment $ 2,209.1us-gaap_LiabilitiesAndStockholdersEquity $ 1,990.9us-gaap_LiabilitiesAndStockholdersEquity
[1] The CAS reporting unit did not have goodwill in any period presented.