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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Net loss $ (68.1) $ (34.0)
Loss (income) from discontinued operations 11.8 (0.5)
Adjustments to reconcile net loss to net cash used in operating activities:    
Deferred income tax benefit (6.7) (1.6)
Depreciation and amortization 28.1 26.1
Amortization of debt issuance costs and debt discount 1.6 1.8
Loss on debt extinguishment 25.7  
Net periodic pension and postretirement cost 1.2 0.6
Share-based compensation 13.2 8.5
Other (0.8) (1.3)
Changes in operating assets and liabilities excluding effects of acquisitions and divestitures:    
Trade and other receivables 0.8 14.6
Prepaid expenses and other current assets (5.8) (8.7)
Accounts payable and other accrued expenses (4.6) (4.5)
Deferred revenue 1.3 1.5
Employee compensation and benefits (19.0) (22.1)
Accrued interest (15.6) (5.2)
Accrued taxes 4.2 (10.2)
Other assets and liabilities (1.4) (0.4)
Net cash used in operating activities - continuing operations (34.1) (35.4)
Net cash used in operating activities - discontinued operations (1.1) (3.2)
Net cash used in operating activities (35.2) (38.6)
Cash Flows from Investing Activities    
Purchase of customer trust funds marketable securities (610.3) (252.2)
Proceeds from sale and maturity of customer trust funds marketable securities 609.7 273.4
Net change in restricted cash and other restricted assets held to satisfy customer trust funds obligations 339.5 (36.8)
Expenditures for property, plant, and equipment (4.9) (4.6)
Expenditures for software and technology (13.9) (14.6)
Net proceeds from divestitures   0.9
Net cash provided by (used in) investing activities - continuing operations 320.1 (33.9)
Net cash used in investing activities - discontinued operations   (0.2)
Net cash provided by (used in) investing activities 320.1 (34.1)
Cash Flows from Financing Activities    
(Decrease) increase in customer trust funds obligations, net (338.9) 15.6
Net proceeds from issuance of common stock 595.0 78.4
Proceeds from issuance of common stock upon exercise of stock options 14.4  
Repurchase of stock   (1.8)
Proceeds from debt issuance 680.0  
Repayment of long-term debt obligations (1,132.3)  
Payment of debt refinancing costs (23.3)  
Net cash (used in) provided by financing activities (205.1) 92.2
Effect of Exchange Rate Changes on Cash (2.7) 2.6
Net increase in cash and equivalents 77.1 22.1
Elimination of cash from discontinued operations 0.5 1.6
Cash and equivalents at beginning of period 94.2 120.8
Cash and equivalents at end of period $ 171.8 $ 144.5