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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income before non-controlling interests $ 32.0 $ 39.0
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 19.6 17.6
Amortization of stock-based compensation (3.4) 6.1
Amortization of deferred financing costs 0.5 1.8
Bad debt expense 2.4 1.5
Deferred income taxes (5.3) (1.7)
Dividends received from unconsolidated affiliates 1.3 2.1
Equity income in earnings of unconsolidated affiliates (2.7) (2.8)
Non-cash interest expense on 8.0% Sealy Notes 0.0 1.8
Loss on sale of assets 0.3 0.2
Foreign currency adjustments and other (0.1) (1.6)
Changes in operating assets and liabilities 22.6 (82.8)
Net cash provided by (used in) operating activities 67.2 (18.8)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (12.9) (12.6)
Other 0.9 (0.2)
Net cash used in investing activities (12.0) (12.8)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from borrowings under long-term debt obligations 302.9 101.5
Repayments of borrowings under long-term debt obligations (331.8) (87.0)
Proceeds from exercise of stock options 0.1 3.0
Excess tax benefit from stock-based compensation 0.0 1.2
Treasury stock repurchased (43.8) (102.0)
Other (3.4) 0.4
Net cash used in financing activities (76.0) (82.9)
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (2.4) (2.3)
Decrease in cash and cash equivalents (23.2) (116.8)
CASH AND CASH EQUIVALENTS, beginning of period 65.7 153.9
CASH AND CASH EQUIVALENTS, end of period 42.5 37.1
Cash paid during the period for:    
Interest 6.6 5.4
Income taxes, net of refunds $ 11.2 $ 18.6