XML 82 R7.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 28, 2013
Sep. 29, 2012
Sep. 28, 2013
Sep. 29, 2012
Operating Activities        
Net income $ 13.3 $ 15.8 $ 32.4 $ 48.9
Depreciation & amortization 25.1 24.7 74.7 72.2
Amortization of financing fees 0.7 0.8 2.2 2.9
Share-based compensation expense 1.1 1.3 3.6 3.5
Increase in deferred income taxes 0.3 0.6 1.9 4.6
Gain on bargain purchase       (0.9)
Loss on disposal of property, plant & equipment 1.1 0.8 1.4 1.7
Other non-cash items   (1.4) 0.2 (0.8)
Change in operating assets and liabilities, net of acquisition:        
Accounts receivable 19.0 15.0 (38.8) (36.8)
Inventories 26.6 17.1 15.8 (5.9)
Prepaid expenses and other assets   0.4 (2.0) (5.5)
Other assets 6.1 (0.2) 6.0 0.7
Accounts payable and accrued liabilities (6.0) (22.1) (34.9) (38.4)
Income taxes recoverable 0.1 5.2 0.4 6.8
Net cash provided by operating activities 87.4 58.0 62.9 53.0
Investing Activities        
Acquisition, net of cash acquired (4.7) (4.7) (11.2) (9.7)
Additions to property, plant & equipment (10.2) (13.2) (44.7) (50.6)
Additions to intangibles and other assets (2.1) (1.0) (4.0) (4.7)
Proceeds from sale of property, plant & equipment 0.2 1.3 0.2 2.3
Proceeds from insurance recoveries   1.7 0.4 1.7
Net cash used in investing activities (16.8) (15.9) (59.3) (61.0)
Financing Activities        
Payments of long-term debt (0.6) (0.2) (20.2) (2.8)
Borrowings under ABL       24.5
Payments under ABL       (24.5)
Distributions to non-controlling interests (2.2) (1.9) (5.0) (3.3)
Common shares repurchased and cancelled (4.5)   (12.9) (0.3)
Financing fees (0.1) (1.2) (0.1) (1.2)
Dividends to shareholders (5.5)   (16.7)  
Net cash used in financing activities (12.9) (3.3) (54.9) (7.6)
Effect of exchange rate changes on cash 1.3 2.2 (2.3) 2.8
Net increase (decrease) in cash & cash equivalents 59.0 41.0 (53.6) (12.8)
Cash & cash equivalents, beginning of period 66.8 47.1 179.4 100.9
Cash & cash equivalents, end of period 125.8 88.1 125.8 88.1
Supplemental Disclosures of Cash Flow information:        
Cash paid for interest 15.9 15.8 41.0 41.3
Cash (received) paid for income taxes, net (0.2) 0.5 0.1 0.9
Supplemental Non-cash Investing and Financing Activities:        
Deferred consideration $ 5.1   $ 5.1