Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2015

Financial Instruments

Schedule of carrying amount and estimated fair market value of the company's long-term debt, including current portion

	December 31,
	2015		2014
	(in millions)
Carrying amount	$	577.3	$	579.7
Estimated fair value	$	586.1	$	599.3

Schedule of fair value of financial assets and liabilities

	Fair Value Measurements at December 31, 2015 Using:
			Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
	Total		(Level 1)		(Level 2)		(Level 3)
	(in millions)
Assets
Plan asset for deferred compensation(1)	$	3.3	$	3.3	$	—	$	—
Total assets	$	3.3	$	3.3	$	—	$	—
Liabilities
Plan liability for deferred compensation(2)	$	3.3	$	3.3	$	—	$	—
Redeemable financial instrument(3)	$	5.7	$	—	$	—	$	5.7
Total liabilities	$	9.0	$	3.3	$	—	$	5.7

	Fair Value Measurements at December 31, 2014 Using:
			Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
	Total		(Level 1)		(Level 2)		(Level 3)
	(in millions)
Assets
Plan asset for deferred compensation(1)	$	4.0	$	4.0	$	—	$	—
Total assets	$	4.0	$	4.0	$	—	$	—
Liabilities
Plan liability for deferred compensation(2)	$	4.0	$	4.0	$	—	$	—
Contingent consideration(4)		2.5		—		—		2.5
Total liabilities	$	6.5	$	4.0	$	—	$	2.5

(1)	Included on the Company's consolidated balance sheet in other assets (other, net).
(2)	Included on the Company's consolidated balance sheet in accrued compensation and benefits.
(3)	Included on the Company's consolidated balance sheet in other noncurrent liabilities as of December 31, 2015 and relates to a mandatorily redeemable equity instrument as part of the Apex acquisition in 2015.
(4)	Included on the Company's consolidated balance sheet in accrued expenses and other liabilities as of December 31, 2014 and relates to the contingent consideration remaining from the Tekmar acquisition.

Summary of the changes in fair value of all financial assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3)

								Total realized and unrealized (gains) losses included in:
	Balance December 31, 2014		Settlements			Purchases		Net earnings adjustments		Comprehensive income			Balance December 31, 2015
	(in millions)
Contingent consideration	$	2.5	$	(2.3	)				—	$	(0.2	)		—
Redeemable financial instrument		—		—		$	5.5		—	$	0.2		$	5.7

Schedule of future minimum lease payments under capital leases and non-cancelable operating leases

        Future minimum lease payments under capital leases and non-cancelable operating leases as of December 31, 2015 are as follows:

	Capital Leases		Operating Leases
	(in millions)
2016	$	1.2	$	8.8
2017		1.2		5.9
2018		1.2		3.8
2019		1.1		2.7
2020		1.0		2.0
Thereafter		0.2		4.9
Total	$	5.9	$	28.1
Less amount representing interest (at rates ranging from 4.3% to 7.0%)		0.4
Present value of net minimum capital lease payments		5.5
Less current installments of obligations under capital leases		1.1
Obligations under capital leases, excluding current installments	$	4.4

Schedule of carrying amounts of assets under capital lease

	December 31,
	2015			2014
	(in millions)
Buildings		13.8		$	15.4
Machinery and equipment		1.7			1.7
		15.5			17.1
Less accumulated depreciation		(5.1	)		(5.0	)
		10.4		$	12.1