XML 43 R7.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income before non-controlling interest $ 25.0us-gaap_IncomeLossAttributableToParent $ 27.7us-gaap_IncomeLossAttributableToParent
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 17.8us-gaap_DepreciationAndAmortization 19.9us-gaap_DepreciationAndAmortization
Amortization of stock-based compensation 4.0us-gaap_ShareBasedCompensation 4.1us-gaap_ShareBasedCompensation
Amortization of deferred financing costs 2.2us-gaap_AmortizationOfFinancingCosts 2.3us-gaap_AmortizationOfFinancingCosts
Bad debt expense 1.1us-gaap_ProvisionForDoubtfulAccounts 1.8us-gaap_ProvisionForDoubtfulAccounts
Deferred income taxes (6.7)us-gaap_DeferredIncomeTaxExpenseBenefit (1.9)us-gaap_DeferredIncomeTaxExpenseBenefit
Dividends received from unconsolidated affiliates 1.9us-gaap_EquityMethodInvestmentDividendsOrDistributions 0us-gaap_EquityMethodInvestmentDividendsOrDistributions
Equity income in earnings of unconsolidated affiliates (3.0)us-gaap_IncomeLossFromEquityMethodInvestments (1.7)us-gaap_IncomeLossFromEquityMethodInvestments
Non-cash interest expense on convertible notes 1.3us-gaap_OtherNoncashIncomeExpense 1.2us-gaap_OtherNoncashIncomeExpense
Loss on sale of assets 0.1us-gaap_GainLossOnSaleOfPropertyPlantEquipment 0.3us-gaap_GainLossOnSaleOfPropertyPlantEquipment
Foreign currency adjustments and other 0.1us-gaap_ForeignCurrencyTransactionGainLossUnrealized 0.1us-gaap_ForeignCurrencyTransactionGainLossUnrealized
Changes in operating assets and liabilities (50.2)us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet (55.4)us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet
Net cash used in operating activities (6.4)us-gaap_NetCashProvidedByUsedInOperatingActivities (1.6)us-gaap_NetCashProvidedByUsedInOperatingActivities
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (15.4)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (7.8)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Other 0us-gaap_PaymentsForProceedsFromOtherInvestingActivities (0.8)us-gaap_PaymentsForProceedsFromOtherInvestingActivities
Net cash used in investing activities (15.4)us-gaap_NetCashProvidedByUsedInInvestingActivities (8.6)us-gaap_NetCashProvidedByUsedInInvestingActivities
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from borrowings under long-term debt obligations 97.9us-gaap_ProceedsFromLinesOfCredit 74.5us-gaap_ProceedsFromLinesOfCredit
Repayments of borrowings under long-term debt obligations (98.8)us-gaap_RepaymentsOfLinesOfCredit (66.5)us-gaap_RepaymentsOfLinesOfCredit
Proceeds from exercise of stock options 1.6us-gaap_ProceedsFromIssuanceOfCommonStock 1.7us-gaap_ProceedsFromIssuanceOfCommonStock
Excess tax benefit from stock based compensation 0us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 0.9us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Treasury shares repurchased (1.1)us-gaap_PaymentsForRepurchaseOfEquity (2.2)us-gaap_PaymentsForRepurchaseOfEquity
Other 0.2us-gaap_ProceedsFromPaymentsForOtherFinancingActivities 0.1us-gaap_ProceedsFromPaymentsForOtherFinancingActivities
Net cash (used in) provided by financing activities (0.2)us-gaap_NetCashProvidedByUsedInFinancingActivities 8.5us-gaap_NetCashProvidedByUsedInFinancingActivities
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS 4.5us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents 0.4us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Decrease in cash and cash equivalents (17.5)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (1.3)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
CASH AND CASH EQUIVALENTS, end of period 62.5us-gaap_CashAndCashEquivalentsAtCarryingValue 81.0us-gaap_CashAndCashEquivalentsAtCarryingValue
CASH AND CASH EQUIVALENTS, end of period 45.0us-gaap_CashAndCashEquivalentsAtCarryingValue 79.7us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash paid during the period for:    
Interest 10.1us-gaap_InterestPaidNet 12.3us-gaap_InterestPaidNet
Income taxes, net of refunds $ 34.4us-gaap_IncomeTaxesPaid $ 10.2us-gaap_IncomeTaxesPaid