XML 16 R5.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2017
Jul. 01, 2016
Operating activities:    
Net income $ 71.0 $ 43.3
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 14.1 14.0
Amortization of intangible assets 18.0 19.2
Stock-based compensation 8.9 8.4
Deferred income taxes 0.8 1.4
Accretion of debt discount 1.1 1.1
Amortization of deferred financing costs 1.1 1.0
Pension plan contributions (8.5) (10.5)
Pension plan expenses 5.1 15.2
Changes in current assets and liabilities, net 26.7 62.4
Other, net (1.2) (5.9)
Net cash provided by operating activities 137.1 149.6
Investing activities:    
Capital expenditures, net (20.8) (16.4)
Other, net 0.0 (4.7)
Net cash used in investing activities (20.8) (21.1)
Financing activities:    
Proceeds from borrowings 895.7 376.7
Repayments of borrowings (909.5) (496.7)
Repayments of Canadian term loan (38.7) (23.1)
Proceeds from stock options exercised 2.6 0.0
Other, net (0.2) (0.6)
Net cash used in financing activities (50.1) (143.7)
Increase (decrease) in cash and cash equivalents 66.2 (15.2)
Effect of exchange rate changes on cash balances (3.3) (2.9)
Cash and cash equivalents at beginning of period 115.1 151.3
Cash and cash equivalents at end of period $ 178.0 $ 133.2