XML 16 R5.htm IDEA: XBRL DOCUMENT v3.4.0.3
Condensed Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating activities    
Net income (loss) $ 4.8 $ (5.8)
Loss on disposal of assets 0.1 0.2
Depreciation 7.8 8.5
Amortization of debt issuance costs 0.7 0.9
Amortization of intangibles 4.7 5.2
Stock-based compensation 3.3 3.0
Equity in earnings of joint ventures, net of dividends received (0.9) 2.1
Changes in balance sheet items:    
Accounts receivable 153.0 157.2
Inventories (53.0) (52.8)
Other assets (9.2) (5.2)
Accounts payable 2.5 (2.6)
Accrued expenses and other liabilities (49.1) (55.5)
Accrued income taxes (13.1) (5.3)
Net cash provided by operating activities 51.6 49.9
Investing activities    
Additions to property, plant and equipment (3.9) (8.7)
Proceeds from the disposition of assets 0.0 0.1
Net cash used by investing activities (3.9) (8.6)
Financing activities    
Borrowings of notes payable, net 0.0 19.8
Repurchases of common stock 0.0 (14.6)
Payments related to tax withholding for share-based compensation (5.0) (4.8)
Excess tax benefit from share-based compensation 0.9 0.0
Proceeds from the exercise of stock options 0.3 0.0
Net cash (used) provided by financing activities (3.8) 0.4
Effect of foreign exchange rate changes on cash and cash equivalents 3.1 (4.1)
Net increase in cash and cash equivalents 47.0 37.6
Cash and cash equivalents    
Beginning of the period 55.4 53.2
End of the period $ 102.4 $ 90.8