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Condensed consolidating guarantor financial information (Tables) | 12 Months Ended
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Dec. 31, 2014
Condensed Consolidated Guarantor Financial Information [Abstract] |
Condensed Consolidating Statements of Income (Loss) and Comprehensive Income (Loss) | CONDENSED CONSOLIDATING STATEMENTS OF INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS)
| Year Ended December 31, 2014
| Parent Company |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Condensed Consolidated
| (Dollars in thousands)
Net revenues | $ | — |  |  | $ | 1,078,851 |  |  | $ | 1,132,152 |  |  | $ | (371,171 | ) |  | $ | 1,839,832 |
Cost of goods sold | — |  |  | 652,742 |  |  | 608,256 |  |  | (363,594 | ) |  | 897,404 |
Gross profit | — |  |  | 426,109 |  |  | 523,896 |  |  | (7,577 | ) |  | 942,428 |
Selling, general and administrative expenses | 42,829 |  |  | 326,282 |  |  | 209,930 |  |  | (384 | ) |  | 578,657 |
Research and development expenses | — |  |  | 40,546 |  |  | 20,494 |  |  | — |  |  | 61,040 |
Restructuring and other impairment charges | — |  |  | 10,189 |  |  | 7,680 |  |  | — |  |  | 17,869 |
Income (loss) from continuing operations before interest and taxes | (42,829 | ) |  | 49,092 |  |  | 285,792 |  |  | (7,193 | ) |  | 284,862 |
Interest expense | 144,869 |  |  | (85,885 | ) |  | 6,474 |  |  | — |  |  | 65,458 |
Interest income | — |  |  | (1 | ) |  | (705 | ) |  | — |  |  | (706 | )
Income (loss) from continuing operations before taxes | (187,698 | ) |  | 134,978 |  |  | 280,023 |  |  | (7,193 | ) |  | 220,110 |
Taxes (benefit) on income (loss) from continuing operations | (68,307 | ) |  | 68,690 |  |  | 28,159 |  |  | 108 |  |  | 28,650 |
Equity in net income of consolidated subsidiaries | 308,396 |  |  | 233,827 |  |  | 252 |  |  | (542,475 | ) |  | — |
Income from continuing operations | 189,005 |  |  | 300,115 |  |  | 252,116 |  |  | (549,776 | ) |  | 191,460 |
Operating loss from discontinued operations | (2,196 | ) |  | — |  |  | (1,211 | ) |  | — |  |  | (3,407 | )
Taxes (benefit) on loss from discontinued operations | (870 | ) |  | — |  |  | 172 |  |  | — |  |  | (698 | )
Loss from discontinued operations | (1,326 | ) |  | — |  |  | (1,383 | ) |  | — |  |  | (2,709 | )
Net income | 187,679 |  |  | 300,115 |  |  | 250,733 |  |  | (549,776 | ) |  | 188,751 |
Less: Income from continuing operations attributable to noncontrolling interests | — |  |  | — |  |  | 1,072 |  |  | — |  |  | 1,072 |
Net income attributable to common shareholders | 187,679 |  |  | 300,115 |  |  | 249,661 |  |  | (549,776 | ) |  | 187,679 |
Other comprehensive loss attributable to common shareholders | (150,040 | ) |  | (130,691 | ) |  | (126,317 | ) |  | 257,008 |  |  | (150,040 | )
Comprehensive income attributable to common shareholders | $ | 37,639 |  |  | $ | 169,424 |  |  | $ | 123,344 |  |  | $ | (292,768 | ) |  | $ | 37,639 |
| Year Ended December 31, 2013
| Parent Company |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Condensed Consolidated
| (Dollars in thousands)
Net revenues | $ | — |  |  | $ | 1,001,404 |  |  | $ | 963,184 |  |  | $ | (268,317 | ) |  | $ | 1,696,271 |
Cost of goods sold | — |  |  | 582,110 |  |  | 543,717 |  |  | (268,501 | ) |  | 857,326 |
Gross profit | — |  |  | 419,294 |  |  | 419,467 |  |  | 184 |  |  | 838,945 |
Selling, general and administrative expenses | 39,176 |  |  | 284,960 |  |  | 178,358 |  |  | (307 | ) |  | 502,187 |
Research and development expenses | — |  |  | 55,694 |  |  | 9,351 |  |  | — |  |  | 65,045 |
Restructuring and other impairment charges | 935 |  |  | 15,288 |  |  | 22,229 |  |  | — |  |  | 38,452 |
Income (loss) from continuing operations before interest, loss on extinguishments of debt and taxes | (40,111 | ) |  | 63,352 |  |  | 209,529 |  |  | 491 |  |  | 233,261 |
Interest expense | 134,879 |  |  | (85,058 | ) |  | 7,084 |  |  | — |  |  | 56,905 |
Interest income | (15 | ) |  | (5 | ) |  | (604 | ) |  | — |  |  | (624 | )
Loss on extinguishments of debt | 1,250 |  |  | — |  |  | — |  |  | — |  |  | 1,250 |
Income (loss) from continuing operations before taxes | (176,225 | ) |  | 148,415 |  |  | 203,049 |  |  | 491 |  |  | 175,730 |
Taxes (benefit) on income (loss) from continuing operations | (63,857 | ) |  | 42,804 |  |  | 45,354 |  |  | (754 | ) |  | 23,547 |
Equity in net income of consolidated subsidiaries | 263,469 |  |  | 141,773 |  |  | 288 |  |  | (405,530 | ) |  | — |
Income from continuing operations | 151,101 |  |  | 247,384 |  |  | 157,983 |  |  | (404,285 | ) |  | 152,183 |
Operating loss from discontinued operations | (1,947 | ) |  | — |  |  | (258 | ) |  | — |  |  | (2,205 | )
Taxes (benefit) on loss from discontinued operations | (1,727 | ) |  | (170 | ) |  | 127 |  |  | — |  |  | (1,770 | )
Income (loss) from discontinued operations | (220 | ) |  | 170 |  |  | (385 | ) |  | — |  |  | (435 | )
Net income | 150,881 |  |  | 247,554 |  |  | 157,598 |  |  | (404,285 | ) |  | 151,748 |
Less: Income from continuing operations attributable to noncontrolling interests | — |  |  | — |  |  | 867 |  |  | — |  |  | 867 |
Net income attributable to common shareholders | 150,881 |  |  | 247,554 |  |  | 156,731 |  |  | (404,285 | ) |  | 150,881 |
Other comprehensive income attributable to common shareholders | 21,193 |  |  | 1,960 |  |  | 5,442 |  |  | (7,402 | ) |  | 21,193 |
Comprehensive income attributable to common shareholders | $ | 172,074 |  |  | $ | 249,514 |  |  | $ | 162,173 |  |  | $ | (411,687 | ) |  | $ | 172,074 |
| Year Ended December 31, 2012
| Parent Company |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Condensed Consolidated
| (Dollars in thousands)
Net revenues | $ | — |  |  | $ | 950,888 |  |  | $ | 833,903 |  |  | $ | (233,782 | ) |  | $ | 1,551,009 |
Cost of goods sold | — |  |  | 552,726 |  |  | 482,881 |  |  | (232,823 | ) |  | 802,784 |
Gross profit | — |  |  | 398,162 |  |  | 351,022 |  |  | (959 | ) |  | 748,225 |
Selling, general and administrative expenses | 34,657 |  |  | 259,476 |  |  | 160,089 |  |  | 267 |  |  | 454,489 |
Research and development expenses | — |  |  | 48,649 |  |  | 7,629 |  |  | — |  |  | 56,278 |
Goodwill impairment | — |  |  | 331,779 |  |  | 349 |  |  | — |  |  | 332,128 |
Restructuring and other impairment charges | — |  |  | 598 |  |  | 2,439 |  |  | — |  |  | 3,037 |
Net gain on sales of businesses and assets | (116,193 | ) |  | (149,240 | ) |  | (332 | ) |  | 265,433 |  |  | (332 | )
Income (loss) from continuing operations before interest and taxes | 81,536 |  |  | (93,100 | ) |  | 180,848 |  |  | (266,659 | ) |  | (97,375 | )
Interest expense | 143,653 |  |  | (81,328 | ) |  | 7,240 |  |  | — |  |  | 69,565 |
Interest income | (372 | ) |  | (23 | ) |  | (1,176 | ) |  | — |  |  | (1,571 | )
Income (loss) from continuing operations before taxes | (61,745 | ) |  | (11,749 | ) |  | 174,784 |  |  | (266,659 | ) |  | (165,369 | )
Taxes (benefit) on income (loss) from continuing operations | (63,806 | ) |  | 45,068 |  |  | 35,670 |  |  | (519 | ) |  | 16,413 |
Equity in net income (loss) of consolidated subsidiaries | (190,742 | ) |  | 124,918 |  |  | — |  |  | 65,824 |  |  | — |
Income (loss) from continuing operations | (188,681 | ) |  | 68,101 |  |  | 139,114 |  |  | (200,316 | ) |  | (181,782 | )
Operating income (loss) from discontinued operations | (2,647 | ) |  | (9,179 | ) |  | 2,619 |  |  | — |  |  | (9,207 | )
Tax benefit on income (loss) from discontinued operations | (1,271 | ) |  | (129 | ) |  | (487 | ) |  | — |  |  | (1,887 | )
Income (loss) from discontinued operations | (1,376 | ) |  | (9,050 | ) |  | 3,106 |  |  | — |  |  | (7,320 | )
Net income (loss) | (190,057 | ) |  | 59,051 |  |  | 142,220 |  |  | (200,316 | ) |  | (189,102 | )
Less: Income from continuing operations attributable to noncontrolling interests | — |  |  | — |  |  | 955 |  |  | — |  |  | 955 |
Net income (loss) attributable to common shareholders | (190,057 | ) |  | 59,051 |  |  | 141,265 |  |  | (200,316 | ) |  | (190,057 | )
Other comprehensive income attributable to common shareholders | 27,305 |  |  | 10,475 |  |  | 8,907 |  |  | (19,382 | ) |  | 27,305 |
Comprehensive income (loss) attributable to common shareholders | $ | (162,752 | ) |  | $ | 69,526 |  |  | $ | 150,172 |  |  | $ | (219,698 | ) |  | $ | (162,752 | )
Condensed Consolidating Balance Sheets |
| December 31, 2014
| Parent Company |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Condensed Consolidated
| (Dollars in thousands)
ASSETS |  |  |  |  |  |  |  |  |
Current assets |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 27,996 |  |  | $ | — |  |  | $ | 275,240 |  |  | $ | — |  |  | $ | 303,236 |
Accounts receivable, net | 2,346 |  |  | 2,422 |  |  | 265,081 |  |  | 3,855 |  |  | 273,704 |
Accounts receivable from consolidated subsidiaries | 37,378 |  |  | 2,303,284 |  |  | 272,811 |  |  | (2,613,473 | ) |  | — |
Inventories, net | — |  |  | 204,335 |  |  | 154,544 |  |  | (23,286 | ) |  | 335,593 |
Prepaid expenses and other current assets | 14,301 |  |  | 4,786 |  |  | 16,610 |  |  | — |  |  | 35,697 |
Prepaid taxes | 23,493 |  |  | — |  |  | 16,763 |  |  | — |  |  | 40,256 |
Deferred tax assets | 30,248 |  |  | 17,387 |  |  | 9,666 |  |  | — |  |  | 57,301 |
Assets held for sale | 2,901 |  |  | — |  |  | 4,521 |  |  | — |  |  | 7,422 |
Total current assets | 138,663 |  |  | 2,532,214 |  |  | 1,015,236 |  |  | (2,632,904 | ) |  | 1,053,209 |
Property, plant and equipment, net | 3,489 |  |  | 170,054 |  |  | 143,892 |  |  | — |  |  | 317,435 |
Goodwill | — |  |  | 703,663 |  |  | 619,890 |  |  | — |  |  | 1,323,553 |
Intangibles assets, net | — |  |  | 743,222 |  |  | 473,498 |  |  | — |  |  | 1,216,720 |
Investments in affiliates | 5,662,773 |  |  | 1,359,661 |  |  | 21,253 |  |  | (7,042,537 | ) |  | 1,150 |
Deferred tax assets | 52,244 |  |  | — |  |  | 5,535 |  |  | (56,601 | ) |  | 1,178 |
Notes receivable and other amounts due from consolidated subsidiaries | 1,025,859 |  |  | 1,489,994 |  |  | — |  |  | (2,515,853 | ) |  | — |
Other assets | 27,999 |  |  | 6,801 |  |  | 29,210 |  |  | — |  |  | 64,010 |
Total assets | $ | 6,911,027 |  |  | $ | 7,005,609 |  |  | $ | 2,308,514 |  |  | $ | (12,247,895 | ) |  | $ | 3,977,255 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |
Current liabilities |  |  |  |  |  |  |  |  |
Current borrowings | $ | 363,701 |  |  | $ | — |  |  | $ | 4,700 |  |  | $ | — |  |  | $ | 368,401 |
Accounts payable | 1,449 |  |  | 32,692 |  |  | 29,959 |  |  | — |  |  | 64,100 |
Accounts payable to consolidated subsidiaries | 2,259,891 |  |  | 188,908 |  |  | 163,291 |  |  | (2,612,090 | ) |  | — |
Accrued expenses | 17,149 |  |  | 21,479 |  |  | 33,755 |  |  | — |  |  | 72,383 |
Current portion of contingent consideration | — |  |  | 11,276 |  |  | — |  |  | — |  |  | 11,276 |
Payroll and benefit-related liabilities | 20,693 |  |  | 27,228 |  |  | 37,521 |  |  | — |  |  | 85,442 |
Accrued interest | 9,152 |  |  | — |  |  | 17 |  |  | — |  |  | 9,169 |
Income taxes payable | — |  |  | — |  |  | 13,768 |  |  | — |  |  | 13,768 |
Other current liabilities | 5 |  |  | 3,065 |  |  | 7,290 |  |  | — |  |  | 10,360 |
Total current liabilities | 2,672,040 |  |  | 284,648 |  |  | 290,301 |  |  | (2,612,090 | ) |  | 634,899 |
Long-term borrowings | 700,000 |  |  | — |  |  | — |  |  | — |  |  | 700,000 |
Deferred tax liabilities | — |  |  | 462,274 |  |  | 45,867 |  |  | (56,600 | ) |  | 451,541 |
Pension and other postretirement benefit liabilities | 110,830 |  |  | 35,074 |  |  | 21,337 |  |  | — |  |  | 167,241 |
Noncurrent liability for uncertain tax positions | 11,431 |  |  | 15,569 |  |  | 23,884 |  |  | — |  |  | 50,884 |
Notes payable and other amounts due to consolidated subsidiaries | 1,483,984 |  |  | 932,718 |  |  | 103,908 |  |  | (2,520,610 | ) |  | — |
Other liabilities | 21,433 |  |  | 24,900 |  |  | 12,658 |  |  | — |  |  | 58,991 |
Total liabilities | 4,999,718 |  |  | 1,755,183 |  |  | 497,955 |  |  | (5,189,300 | ) |  | 2,063,556 |
Total common shareholders' equity | 1,911,309 |  |  | 5,250,426 |  |  | 1,808,169 |  |  | (7,058,595 | ) |  | 1,911,309 |
Noncontrolling interest | — |  |  | — |  |  | 2,390 |  |  | — |  |  | 2,390 |
Total equity | 1,911,309 |  |  | 5,250,426 |  |  | 1,810,559 |  |  | (7,058,595 | ) |  | 1,913,699 |
Total liabilities and equity | $ | 6,911,027 |  |  | $ | 7,005,609 |  |  | $ | 2,308,514 |  |  | $ | (12,247,895 | ) |  | $ | 3,977,255 |
| December 31, 2013
| Parent Company |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Condensed Consolidated
| (Dollars in thousands)
ASSETS |  |  |  |  |  |  |  |  |
Current assets |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 42,749 |  |  | $ | 14,500 |  |  | $ | 374,735 |  |  | $ | — |  |  | $ | 431,984 |
Accounts receivable, net | 1,822 |  |  | 10,948 |  |  | 279,048 |  |  | 3,472 |  |  | 295,290 |
Accounts receivable from consolidated subsidiaries | 42,865 |  |  | 2,623,314 |  |  | 214,469 |  |  | (2,880,648 | ) |  | — |
Inventories, net | — |  |  | 211,165 |  |  | 138,165 |  |  | (15,709 | ) |  | 333,621 |
Prepaid expenses and other current assets | 15,200 |  |  | 6,870 |  |  | 17,740 |  |  | — |  |  | 39,810 |
Prepaid taxes | 27,487 |  |  | — |  |  | 9,017 |  |  | — |  |  | 36,504 |
Deferred tax assets | 20,218 |  |  | 22,472 |  |  | 10,230 |  |  | (3 | ) |  | 52,917 |
Assets held for sale | 1,669 |  |  | 3,503 |  |  | 5,256 |  |  | — |  |  | 10,428 |
Total current assets | 152,010 |  |  | 2,892,772 |  |  | 1,048,660 |  |  | (2,892,888 | ) |  | 1,200,554 |
Property, plant and equipment, net | 14,189 |  |  | 188,455 |  |  | 123,256 |  |  | — |  |  | 325,900 |
Goodwill | — |  |  | 797,671 |  |  | 556,532 |  |  | — |  |  | 1,354,203 |
Intangibles assets, net | — |  |  | 962,243 |  |  | 293,354 |  |  | — |  |  | 1,255,597 |
Investments in affiliates | 5,489,676 |  |  | 1,478,429 |  |  | 21,382 |  |  | (6,987,772 | ) |  | 1,715 |
Deferred tax assets | 35,877 |  |  | — |  |  | 4,476 |  |  | (39,410 | ) |  | 943 |
Notes receivable and other amounts due from consolidated subsidiaries | 1,049,344 |  |  | 873,105 |  |  | 14,169 |  |  | (1,936,618 | ) |  | — |
Other assets | 24,574 |  |  | 7,447 |  |  | 38,074 |  |  | — |  |  | 70,095 |
Total assets | $ | 6,765,670 |  |  | $ | 7,200,122 |  |  | $ | 2,099,903 |  |  | $ | (11,856,688 | ) |  | $ | 4,209,007 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |
Current liabilities |  |  |  |  |  |  |  |  |
Current borrowings | $ | 351,587 |  |  | $ | — |  |  | $ | 4,700 |  |  | $ | — |  |  | $ | 356,287 |
Accounts payable | 2,194 |  |  | 45,802 |  |  | 23,971 |  |  | — |  |  | 71,967 |
Accounts payable to consolidated subsidiaries | 2,644,296 |  |  | 147,957 |  |  | 88,395 |  |  | (2,880,648 | ) |  | — |
Accrued expenses | 15,569 |  |  | 21,120 |  |  | 38,179 |  |  | — |  |  | 74,868 |
Current portion of contingent consideration | — |  |  | 4,131 |  |  | — |  |  | — |  |  | 4,131 |
Payroll and benefit-related liabilities | 15,976 |  |  | 21,818 |  |  | 35,296 |  |  | — |  |  | 73,090 |
Accrued interest | 8,720 |  |  | — |  |  | 5 |  |  | — |  |  | 8,725 |
Income taxes payable | — |  |  | — |  |  | 23,821 |  |  | — |  |  | 23,821 |
Other current liabilities | 9,646 |  |  | 7,517 |  |  | 5,072 |  |  | (4 | ) |  | 22,231 |
Total current liabilities | 3,047,988 |  |  | 248,345 |  |  | 219,439 |  |  | (2,880,652 | ) |  | 635,120 |
Long-term borrowings | 930,000 |  |  | — |  |  | — |  |  | — |  |  | 930,000 |
Deferred tax liabilities | — |  |  | 496,228 |  |  | 57,896 |  |  | (39,409 | ) |  | 514,715 |
Pension and other postretirement benefit liabilities | 57,406 |  |  | 33,777 |  |  | 18,315 |  |  | — |  |  | 109,498 |
Noncurrent liability for uncertain tax positions | 11,389 |  |  | 17,241 |  |  | 26,522 |  |  | — |  |  | 55,152 |
Notes payable and other amounts due to consolidated subsidiaries | 785,476 |  |  | 957,451 |  |  | 197,173 |  |  | (1,940,100 | ) |  | — |
Other liabilities | 19,884 |  |  | 16,221 |  |  | 12,401 |  |  | — |  |  | 48,506 |
Total liabilities | 4,852,143 |  |  | 1,769,263 |  |  | 531,746 |  |  | (4,860,161 | ) |  | 2,292,991 |
Total common shareholders' equity | 1,913,527 |  |  | 5,430,859 |  |  | 1,565,668 |  |  | (6,996,527 | ) |  | 1,913,527 |
Noncontrolling interest | — |  |  | — |  |  | 2,489 |  |  | — |  |  | 2,489 |
Total equity | 1,913,527 |  |  | 5,430,859 |  |  | 1,568,157 |  |  | (6,996,527 | ) |  | 1,916,016 |
Total liabilities and equity | $ | 6,765,670 |  |  | $ | 7,200,122 |  |  | $ | 2,099,903 |  |  | $ | (11,856,688 | ) |  | $ | 4,209,007 |
Condensed Consolidating Statements of Cash Flows |
| Year Ended December 31, 2014
| Parent Company |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Condensed Consolidated
| (Dollars in thousands)
Net cash (used in) provided by operating activities from continuing operations | $ | (80,651 | ) |  | $ | 322,687 |  |  | $ | 123,545 |  |  | $ | (75,340 | ) |  | $ | 290,241 |
Cash Flows from Investing Activities of Continuing Operations: |  |  |  |  |  |  |  |  |
Expenditures for property, plant and equipment | (2,273 | ) |  | (30,586 | ) |  | (34,712 | ) |  | — |  |  | (67,571 | )
Proceeds from sale of assets and investments | 1,669 |  |  | 3,421 |  |  | 161 |  |  | — |  |  | 5,251 |
Payments for businesses and intangibles acquired, net of cash acquired | — |  |  | (17,241 | ) |  | (28,536 | ) |  | — |  |  | (45,777 | )
Investments in affiliates | (60 | ) |  | 20 |  |  | — |  |  | — |  |  | (40 | )
Intercompany dividends received | — |  |  | — |  |  | 229,782 |  |  | (229,782 | ) |  | — |
Net cash (used in) provided by investing activities from continuing operations | (664 | ) |  | (44,386 | ) |  | 166,695 |  |  | (229,782 | ) |  | (108,137 | )
Cash Flows from Financing Activities of Continuing Operations: |  |  |  |  |  |  |  |  |
Proceeds from new borrowings | 250,000 |  |  | — |  |  | — |  |  | — |  |  | 250,000 |
Repayment of long-term borrowings | (480,102 | ) |  | — |  |  | — |  |  | — |  |  | (480,102 | )
Debt extinguishment, issuance and amendment fees | (4,494 | ) |  | — |  |  | — |  |  | — |  |  | (4,494 | )
Proceeds from stock compensation plans and related tax impacts | 4,245 |  |  | — |  |  | — |  |  | — |  |  | 4,245 |
Dividends | (56,258 | ) |  | — |  |  | — |  |  | — |  |  | (56,258 | )
Payments to noncontrolling shareholders |  |  |  | — |  |  | (1,094 | ) |  | — |  |  | (1,094 | )
Intercompany transactions | 356,847 |  |  | (292,801 | ) |  | (64,046 | ) |  | — |  |  | — |
Intercompany dividends paid | — |  |  | — |  |  | (305,122 | ) |  | 305,122 |  |  | — |
Net cash provided by (used in) financing activities from continuing operations | 70,238 |  |  | (292,801 | ) |  | (370,262 | ) |  | 305,122 |  |  | (287,703 | )
Cash Flows from Discontinued Operations: |  |  |  |  |  |  |  |  |
Net cash used in operating activities | (3,676 | ) |  | — |  |  | — |  |  | — |  |  | (3,676 | )
Net cash used in discontinued operations | (3,676 | ) |  | — |  |  | — |  |  | — |  |  | (3,676 | )
Effect of exchange rate changes on cash and cash equivalents | — |  |  | — |  |  | (19,473 | ) |  | — |  |  | (19,473 | )
Net decrease in cash and cash equivalents | (14,753 | ) |  | (14,500 | ) |  | (99,495 | ) |  | — |  |  | (128,748 | )
Cash and cash equivalents at the beginning of the period | 42,749 |  |  | 14,500 |  |  | 374,735 |  |  | — |  |  | 431,984 |
Cash and cash equivalents at the end of the period | $ | 27,996 |  |  | $ | — |  |  | $ | 275,240 |  |  | $ | — |  |  | $ | 303,236 |
| Year Ended December 31, 2013
| Parent Company |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Condensed Consolidated
| (Dollars in thousands)
Net cash (used in) provided by operating activities from continuing operations | $ | (131,031 | ) |  | $ | 205,954 |  |  | $ | 304,278 |  |  | $ | (147,902 | ) |  | $ | 231,299 |
Cash Flows from Investing Activities of Continuing Operations: |  |  |  |  |  |  |  |  |
Expenditures for property, plant and equipment | (1,553 | ) |  | (47,633 | ) |  | (14,394 | ) |  | — |  |  | (63,580 | )
Payments for businesses and intangibles acquired, net of cash acquired | — |  |  | (250,912 | ) |  | (58,096 | ) |  | — |  |  | (309,008 | )
Investments in affiliates | (50 | ) |  | — |  |  | — |  |  | — |  |  | (50 | )
Net cash used in investing activities from continuing operations | (1,603 | ) |  | (298,545 | ) |  | (72,490 | ) |  | — |  |  | (372,638 | )
Cash Flows from Financing Activities of Continuing Operations: |  |  |  |  |  |  |  |  |
Proceeds from new borrowings | 680,000 |  |  | — |  |  | — |  |  | — |  |  | 680,000 |
Repayment of long-term borrowings | (375,000 | ) |  | — |  |  | — |  |  | — |  |  | (375,000 | )
Debt extinguishment, issuance and amendment fees | (6,400 | ) |  | — |  |  | — |  |  | — |  |  | (6,400 | )
Proceeds from share based compensation plans and the related tax impacts | 6,181 |  |  | — |  |  | — |  |  | — |  |  | 6,181 |
Dividends | (55,917 | ) |  | — |  |  | — |  |  | — |  |  | (55,917 | )
Payments to noncontrolling shareholders | — |  |  | — |  |  | (736 | ) |  | — |  |  | (736 | )
Payments for contingent consideration | — |  |  | (14,802 | ) |  | (2,156 | ) |  | — |  |  | (16,958 | )
Intercompany transactions | (141,614 | ) |  | 137,304 |  |  | 4,310 |  |  | — |  |  | — |
Intercompany dividends paid | — |  |  | (17,400 | ) |  | (130,502 | ) |  | 147,902 |  |  | — |
Net cash provided by (used in) financing activities from continuing operations | 107,250 |  |  | 105,102 |  |  | (129,084 | ) |  | 147,902 |  |  | 231,170 |
Cash Flows from Discontinued Operations: |  |  |  |  |  |  |  |  |
Net cash used in operating activities | (2,727 | ) |  | — |  |  | (600 | ) |  | — |  |  | (3,327 | )
Net cash used in discontinued operations | (2,727 | ) |  | — |  |  | (600 | ) |  | — |  |  | (3,327 | )
Effect of exchange rate changes on cash and cash equivalents | — |  |  | — |  |  | 8,441 |  |  | — |  |  | 8,441 |
Net (decrease) increase in cash and cash equivalents | (28,111 | ) |  | 12,511 |  |  | 110,545 |  |  | — |  |  | 94,945 |
Cash and cash equivalents at the beginning of the period | 70,860 |  |  | 1,989 |  |  | 264,190 |  |  | — |  |  | 337,039 |
Cash and cash equivalents at the end of the period | $ | 42,749 |  |  | $ | 14,500 |  |  | $ | 374,735 |  |  | $ | — |  |  | $ | 431,984 |
| Year Ended December 31, 2012
| Parent Company |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Condensed Consolidated
| (Dollars in thousands)
Net cash (used in) provided by operating activities from continuing operations | $ | (178,017 | ) |  | $ | 310,736 |  |  | $ | 160,802 |  |  | $ | (98,903 | ) |  | $ | 194,618 |
Cash Flows from Investing Activities of Continuing Operations: |  |  |  |  |  |  |  |  |
Expenditures for property, plant and equipment | (7,352 | ) |  | (39,118 | ) |  | (18,924 | ) |  | — |  |  | (65,394 | )
Proceeds from sales of businesses and assets, net of cash sold | 4,301 |  |  | 45,204 |  |  | 17,155 |  |  | — |  |  | 66,660 |
Payments for businesses and intangibles acquired, net of cash acquired | — |  |  | (105,195 | ) |  | (264,249 | ) |  | — |  |  | (369,444 | )
Investments in affiliates | (80 | ) |  | — |  |  | — |  |  | — |  |  | (80 | )
Net cash used in investing activities from continuing operations | (3,131 | ) |  | (99,109 | ) |  | (266,018 | ) |  | — |  |  | (368,258 | )
Cash Flows from Financing Activities of Continuing Operations: |  |  |  |  |  |  |  |  |
Decrease in notes payable and current borrowings | — |  |  | (421 | ) |  | (285 | ) |  | — |  |  | (706 | )
Proceeds from share based compensation plans and the related tax impacts | 8,238 |  |  | — |  |  | — |  |  | — |  |  | 8,238 |
Dividends | (55,589 | ) |  | — |  |  | — |  |  | — |  |  | (55,589 | )
Payments for contingent consideration | — |  |  | (16,289 | ) |  | (1,307 | ) |  | — |  |  | (17,596 | )
Intercompany transactions | 196,850 |  |  | (177,900 | ) |  | (18,950 | ) |  | — |  |  | — |
Intercompany dividends paid | — |  |  | (16,900 | ) |  | (82,003 | ) |  | 98,903 |  |  | — |
Net cash provided by (used in) financing activities from continuing operations | 149,499 |  |  | (211,510 | ) |  | (102,545 | ) |  | 98,903 |  |  | (65,653 | )
Cash Flows from Discontinued Operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net cash (used in) provided by operating activities | (12,022 | ) |  | 4,223 |  |  | — |  |  | — |  |  | (7,799 | )
Net cash used in investing activities | — |  |  | (2,351 | ) |  | — |  |  | — |  |  | (2,351 | )
Net cash (used in) provided by discontinued operations | (12,022 | ) |  | 1,872 |  |  | — |  |  | — |  |  | (10,150 | )
Effect of exchange rate changes on cash and cash equivalents | — |  |  | — |  |  | 2,394 |  |  | — |  |  | 2,394 |
Net (decrease) increase in cash and cash equivalents | (43,671 | ) |  | 1,989 |  |  | (205,367 | ) |  | — |  |  | (247,049 | )
Cash and cash equivalents at the beginning of the period | 114,531 |  |  | — |  |  | 469,557 |  |  | — |  |  | 584,088 |
Cash and cash equivalents at the end of the period | $ | 70,860 |  |  | $ | 1,989 |  |  | $ | 264,190 |  |  | $ | — |  |  | $ | 337,039 |

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