XML 21 R6.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating activities      
Net income $ 85.9 $ 91.6 $ 77.1
Loss (gain) on disposal of assets 0.1 0.8 (4.1)
Deferred income tax expense (benefit) 27.4 20.6 (0.7)
Release of tax valuation allowance 0.0 0.0 (11.6)
Depreciation 32.4 35.3 39.9
Amortization of debt issuance costs 3.5 4.6 6.2
Amortization of intangibles 19.6 22.2 24.7
Stock-based compensation 16.0 15.7 16.4
Loss on debt extinguishment 1.9 0.0 9.4
Other non-cash charges 0.0 0.7 1.2
Equity in earnings of joint ventures, net of dividends received (3.8) (2.4) (2.7)
Changes in balance sheet items:      
Accounts receivable (3.9) 20.4 0.5
Inventories 9.8 11.6 6.5
Other assets 1.2 (6.1) 0.1
Accounts payable (2.6) (10.1) 26.8
Accrued expenses and other liabilities (19.2) (28.9) 9.0
Accrued income taxes 2.9 (4.3) (4.2)
Net cash provided by operating activities 171.2 171.7 194.5
Investing activities      
Additions to property, plant and equipment (27.6) (29.6) (36.6)
Payments related to the sale of discontinued operations 0.0 0.0 (1.5)
Proceeds from the disposition of assets 2.8 3.8 6.1
Other 0.2 0.0 0.0
Net cash used by investing activities (24.6) (25.8) (33.3)
Financing activities      
Proceeds from long-term borrowings 300.0 0.0 530.0
Repayments of long-term debt (370.1) (121.1) (679.5)
(Repayments) borrowings of notes payable, net (0.8) 1.0 (0.7)
Payments for debt issuance costs (1.7) (0.3) (4.3)
Repurchases of common stock (60.0) (19.4) 0.0
Payments related to tax withholding for share-based compensation (5.9) (2.5) (1.0)
Proceeds from the exercise of stock options 0.7 0.3 0.0
Net cash used by financing activities (137.8) (142.0) (155.5)
Effect of foreign exchange rate changes on cash and cash equivalents (6.6) (4.2) (2.2)
Net increase (decrease) in cash and cash equivalents 2.2 (0.3) 3.5
Cash and cash equivalents      
Beginning of the period 53.2 53.5 50.0
End of the period 55.4 53.2 53.5
Supplemental Cash Flow Information [Abstract]      
Interest 41.0 45.1 52.0
Income taxes 16.9 28.9 31.1
Cost of acquisitions, net of cash acquired $ 0.0 $ 0.0 $ (1.3)