XML 30 R5.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Consolidated Statements of Cash Flows (USD $)
In Millions
3 Months Ended 6 Months Ended
Jul. 02, 2011
Jul. 03, 2010
Jul. 02, 2011
Jul. 03, 2010
Operating Activities        
Net income $ 27.6 $ 23.7 $ 35.3 $ 36.4
Depreciation & amortization 23.8 14.9 47.4 30.8
Amortization of financing fees 0.9 0.5 1.8 1.0
Share-based compensation expense 2.7 1.2 3.8 1.7
Increase (decrease) in deferred income taxes 1.0   1.9 (0.1)
Contract termination gain   (0.9)    
Contract termination payments       (4.8)
Other non-cash items 1.6 1.1 1.8 4.0
Change in operating assets and liabilities:        
Accounts receivable (41.6) (24.4) (71.0) (46.3)
Inventories (16.6) (4.0) (22.7) (16.7)
Prepaid expenses and other current assets (1.5) 1.6 (1.2) 2.4
Other assets (0.6) (0.6) (0.7) (1.1)
Accounts payable and accrued liabilities 24.8 11.2 2.9 7.8
Income taxes recoverable (0.8) 7.0 (3.6) 24.4
Net cash provided by (used in) operating activities 21.3 31.3 (4.3) 39.5
Investing Activities        
Additions to property, plant & equipment (10.8) (10.5) (23.3) (18.1)
Additions to intangible & other assets (2.5) (2.3) (2.5) (3.4)
Other investing activities (1.8) 0.3 (1.7) 0.4
Net cash used in investing activities (15.1) (12.5) (27.5) (21.1)
Financing Activities        
Payments of long-term debt (2.1) (2.9) (3.4) (16.1)
Borrowings under ABL 43.6 83.4 143.4 142.0
Payments under ABL (58.7) (100.8) (131.2) (151.6)
Distributions to non-controlling interests (0.9) (0.8) (2.5) (2.7)
Financing fees       (0.2)
Net cash (used in) provided by financing activities (18.1) (21.1) 6.3 (28.6)
Effect of exchange rate changes on cash 0.1 (0.6) 1.3 (0.4)
Net decrease in cash & cash equivalents (11.8) (2.9) (24.2) (10.6)
Cash & cash equivalents, beginning of period 35.8 23.2 48.2 30.9
Cash & cash equivalents, end of period 24.0 20.3 24.0 20.3
Supplemental Disclosures of Cash Flow information:        
Cash paid for interest 10.2 10.3 27.9 11.6
Cash paid (received) for income taxes, net $ 0.8 $ 1.9 $ 4.2 $ (11.8)