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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
OPERATING ACTIVITIES    
Net income $ 56.6 $ 39.1
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 24.0 23.1
Stock-based compensation 4.4 4.5
Excess tax benefits from stock-based compensation 0.0 (1.1)
Deferred income tax provision 10.4 12.3
Asset impairment related to discontinued operations 0.0 5.5
Non-cash effects of changes in liabilities for uncertain income tax positions 0.0 (0.1)
Loss (gain) on asset dispositions 0.1 (0.1)
Decrease (increase) in working capital 4.7 (8.1)
Pension and other postretirement benefits (2.3) 3.9
Other (0.2) 0.5
NET CASH PROVIDED BY OPERATING ACTIVITIES 97.7 79.5
INVESTING ACTIVITIES    
Capital expenditures (49.4) (25.7)
Acquisitions 0.0 (118.2)
Purchase of marketable securities (0.1) (0.1)
Other 0.0 0.5
NET CASH USED IN INVESTING ACTIVITIES (49.5) (143.5)
FINANCING ACTIVITIES    
Long-term borrowings 185.9 44.0
Repayments of long-term debt (206.3) (27.2)
Shares purchased (8.0) (6.0)
Proceeds from exercise of stock options 0.3 0.9
Excess tax benefits from stock-based compensation 0.0 1.1
Cash dividends paid (16.8) (15.2)
NET CASH USED IN FINANCING ACTIVITIES (44.9) (2.4)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (0.2) (0.7)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 3.1 (67.1)
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 4.2 72.6
CASH AND CASH EQUIVALENTS, END OF PERIOD 7.3 5.5
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid during period for interest, net of interest expense capitalized 5.2 5.8
Cash paid during period for income taxes 14.1 12.2
Non-cash investing activities:    
Liability for equipment acquired 10.0 6.0
Liability related to acquisition $ 0.0 $ 0.3