XML 63 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Operations (USD $)
In Millions, except Share data, unless otherwise specified
9 Months Ended 10 Months Ended 12 Months Ended
Dec. 31, 2013
Oct. 31, 2013
Dec. 31, 2014
Dec. 31, 2012
Net sales $ 118.2us-gaap_SalesRevenueNet [1] $ 627.7us-gaap_SalesRevenueNet [1] $ 843.2us-gaap_SalesRevenueNet [1] $ 731.2us-gaap_SalesRevenueNet [1]
Restructuring     3.0us-gaap_RestructuringCharges  
Operating profit (loss) 27.4us-gaap_OperatingIncomeLoss 152.7us-gaap_OperatingIncomeLoss 212.2us-gaap_OperatingIncomeLoss 162.2us-gaap_OperatingIncomeLoss
Other (expense) income, net     (2.5)us-gaap_OtherNonoperatingIncomeExpense  
Income tax benefit (provision) 5.8us-gaap_IncomeTaxExpenseBenefit (13.0)us-gaap_IncomeTaxExpenseBenefit 6.7us-gaap_IncomeTaxExpenseBenefit (24.7)us-gaap_IncomeTaxExpenseBenefit
Net (loss) income   13.5us-gaap_ProfitLoss   46.3us-gaap_ProfitLoss
Weighted average shares outstanding (In millions)        
Basic (in Shares)     135,300us-gaap_WeightedAverageNumberOfSharesOutstandingBasic  
Diluted (in Shares)     135,300us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding  
Successor [Member]        
Net sales 118.2us-gaap_SalesRevenueNet
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  843.2us-gaap_SalesRevenueNet
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Cost of sales 82.5us-gaap_CostOfGoodsSold
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  446.6us-gaap_CostOfGoodsSold
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Gross profit 35.7us-gaap_GrossProfit
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  396.6us-gaap_GrossProfit
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Selling, technical, general and administrative 54.5us-gaap_SellingGeneralAndAdministrativeExpense
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  357.9us-gaap_SellingGeneralAndAdministrativeExpense
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Non-cash charge related to preferred stock dividend rights 172.0us-gaap_OtherPreferredStockDividendsAndAdjustments
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
     
Research and development 4.0us-gaap_ResearchAndDevelopmentExpense
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  26.2us-gaap_ResearchAndDevelopmentExpense
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Restructuring 0.8us-gaap_RestructuringCharges
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  3.0us-gaap_RestructuringCharges
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Total operating expenses 231.3us-gaap_OperatingExpenses
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  387.1us-gaap_OperatingExpenses
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Operating profit (loss) (195.6)us-gaap_OperatingIncomeLoss
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  9.5us-gaap_OperatingIncomeLoss
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Interest, net (5.4)us-gaap_InterestIncomeExpenseNonoperatingNet
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  (37.9)us-gaap_InterestIncomeExpenseNonoperatingNet
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Other (expense) income, net (0.4)us-gaap_OtherNonoperatingIncomeExpense
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  (2.5)us-gaap_OtherNonoperatingIncomeExpense
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Other expense (5.8)us-gaap_NonoperatingIncomeExpense
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  (40.4)us-gaap_NonoperatingIncomeExpense
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
(Loss) income before income taxes, non-controlling interests and dividends on preferred shares (201.4)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  (30.9)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Income tax benefit (provision) 5.8us-gaap_IncomeTaxExpenseBenefit
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  6.7us-gaap_IncomeTaxExpenseBenefit
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Net (loss) income (195.6)us-gaap_ProfitLoss
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  (24.2)us-gaap_ProfitLoss
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Net loss (income) attributable to the non-controlling interests 1.4us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  (5.7)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Net (loss) income attributable to shareholders (194.2)us-gaap_NetIncomeLoss
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  (29.9)us-gaap_NetIncomeLoss
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Accrued stock dividend on Founder's preferred shares     (232.7)us-gaap_PreferredStockDividendsIncomeStatementImpact
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Accrued payment-in-kind dividend on cumulative preferred shares     (232.7)us-gaap_DividendsPreferredStock
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Net (loss) income attributable to common shares (194.2)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  (262.6)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Earnings (loss) per share        
Basic (in Dollars per share) $ (2.10)us-gaap_EarningsPerShareBasic
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  $ (1.94)us-gaap_EarningsPerShareBasic
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Diluted (in Dollars per share) $ (2.10)us-gaap_EarningsPerShareDiluted
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  $ (1.94)us-gaap_EarningsPerShareDiluted
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Weighted average shares outstanding (In millions)        
Basic (in Shares) 92.6us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  135us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Diluted (in Shares) 92.6us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
  135us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
/ us-gaap_StatementScenarioAxis
= us-gaap_SuccessorMember
 
Predecessor [Member]        
Net sales   627.7us-gaap_SalesRevenueNet
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
  731.2us-gaap_SalesRevenueNet
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Cost of sales   304.9us-gaap_CostOfGoodsSold
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
  376.1us-gaap_CostOfGoodsSold
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Gross profit   322.8us-gaap_GrossProfit
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
  355.1us-gaap_GrossProfit
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Selling, technical, general and administrative   207.6us-gaap_SellingGeneralAndAdministrativeExpense
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
  214.6us-gaap_SellingGeneralAndAdministrativeExpense
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Research and development   19.9us-gaap_ResearchAndDevelopmentExpense
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
  25.1us-gaap_ResearchAndDevelopmentExpense
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Restructuring   3.6us-gaap_RestructuringCharges
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
  0.3us-gaap_RestructuringCharges
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Total operating expenses   231.1us-gaap_OperatingExpenses
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
  240.0us-gaap_OperatingExpenses
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Operating profit (loss)   91.7us-gaap_OperatingIncomeLoss
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
  115.1us-gaap_OperatingIncomeLoss
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Interest, net   (45.9)us-gaap_InterestIncomeExpenseNonoperatingNet
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
  (49.1)us-gaap_InterestIncomeExpenseNonoperatingNet
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Loss on extinguishment of debt   (18.8)us-gaap_GainsLossesOnExtinguishmentOfDebt
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
   
Other (expense) income, net (0.5)us-gaap_OtherNonoperatingIncomeExpense
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
(0.5)us-gaap_OtherNonoperatingIncomeExpense
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
  5.0us-gaap_OtherNonoperatingIncomeExpense
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Other expense   (65.2)us-gaap_NonoperatingIncomeExpense
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
  (44.1)us-gaap_NonoperatingIncomeExpense
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
(Loss) income before income taxes, non-controlling interests and dividends on preferred shares   26.5us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
  71.0us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Income tax benefit (provision)   (13.0)us-gaap_IncomeTaxExpenseBenefit
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
  (24.7)us-gaap_IncomeTaxExpenseBenefit
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Net (loss) income   13.5us-gaap_ProfitLoss
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
  46.3us-gaap_ProfitLoss
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Net loss (income) attributable to the non-controlling interests   (0.3)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
  (0.3)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Net (loss) income attributable to shareholders   13.2us-gaap_NetIncomeLoss
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
  46.0us-gaap_NetIncomeLoss
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Accrued payment-in-kind dividend on cumulative preferred shares   (22.4)us-gaap_DividendsPreferredStock
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
  (44.6)us-gaap_DividendsPreferredStock
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Net (loss) income attributable to common shares   $ (9.2)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
  $ 1.4us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
/ us-gaap_StatementScenarioAxis
= us-gaap_PredecessorMember
Earnings (loss) per share        
Basic (in Dollars per share)          
Diluted (in Dollars per share)          
Weighted average shares outstanding (In millions)        
Basic (in Shares)          
Diluted (in Shares)          
[1] Net sales are attributed to countries based on the country which generates the sale.