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Condensed Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating activities    
Net income $ 57.7 $ 89.4
Gain on revaluation of previously held joint-venture equity interest 0.0 (28.9)
Amortization of inventory step-up 0.9 0.4
Loss (gain) on disposal of assets 0.2 (0.5)
Depreciation 26.3 23.0
Amortization of debt issuance costs 2.4 3.2
Amortization of intangibles 26.4 15.9
Stock-based compensation 11.9 12.1
Equity in earnings of joint-venture, net of dividends received 0.0 (1.6)
Changes in balance sheet items:    
Accounts receivable 64.6 67.7
Inventories (48.4) (31.3)
Other assets (5.0) 0.0
Accounts payable (3.5) (7.3)
Accrued expenses and other liabilities (20.0) (37.7)
Accrued income taxes 2.2 6.5
Net cash provided by operating activities 115.7 110.9
Investing activities    
Additions to property, plant and equipment (18.8) (11.1)
Proceeds from the disposition of assets 0.1 0.8
Cost of acquisitions, net of cash acquired (292.3) (88.8)
Net cash used by investing activities (311.0) (99.1)
Financing activities    
Proceeds from long-term borrowings 474.1 187.4
Repayments of long-term debt (180.5) (163.5)
Borrowings of notes payable, net 0.0 7.8
Payments for debt issuance costs (3.5) (0.8)
Repurchases of common stock (36.3) 0.0
Payments related to tax withholding for stock-based compensation (9.3) (5.0)
Proceeds from the exercise of stock options 3.2 1.9
Net cash provided by financing activities 247.7 27.8
Effect of foreign exchange rate changes on cash and cash equivalents 6.0 6.0
Net increase in cash and cash equivalents 58.4 45.6
Cash and cash equivalents    
Beginning of the period 42.9 55.4
End of the period $ 101.3 $ 101.0