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Condensed consolidating guarantor financial information (Tables) | 12 Months Ended
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Dec. 31, 2016
Condensed Consolidated Guarantor Financial Information [Abstract] |
Condensed Consolidating Statements of Income (Loss) and Comprehensive Income (Loss) | CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
| Year Ended December 31, 2016
| Parent Company |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Condensed Consolidated
| (Dollars in thousands)
Net revenues | $ | — |  |  | $ | 1,112,464 |  |  | $ | 1,124,958 |  |  | $ | (369,395 | ) |  | $ | 1,868,027 |
Cost of goods sold | — |  |  | 652,442 |  |  | 588,110 |  |  | (368,725 | ) |  | 871,827 |
Gross profit | — |  |  | 460,022 |  |  | 536,848 |  |  | (670 | ) |  | 996,200 |
Selling, general and administrative expenses | 43,602 |  |  | 328,263 |  |  | 191,916 |  |  | (473 | ) |  | 563,308 |
Research and development expenses | 547 |  |  | 33,080 |  |  | 24,952 |  |  | — |  |  | 58,579 |
Restructuring and other impairment charges | 173 |  |  | 50,183 |  |  | 8,871 |  |  | — |  |  | 59,227 |
Gain on sale of assets | (2,707 | ) |  | (155 | ) |  | (1,505 | ) |  | — |  |  | (4,367 | )
(Loss) income from continuing operations before interest, loss on extinguishment of debt and taxes | (41,615 | ) |  | 48,651 |  |  | 312,614 |  |  | (197 | ) |  | 319,453 |
Interest, net | 153,830 |  |  | (103,465 | ) |  | 4,102 |  |  | — |  |  | 54,467 |
Loss on extinguishment of debt | 19,261 |  |  | — |  |  | — |  |  | — |  |  | 19,261 |
(Loss) income from continuing operations before taxes | (214,706 | ) |  | 152,116 |  |  | 308,512 |  |  | (197 | ) |  | 245,725 |
(Benefit) taxes on (loss) income from continuing operations | (78,478 | ) |  | 46,758 |  |  | 39,875 |  |  | (81 | ) |  | 8,074 |
Equity in net income of consolidated subsidiaries | 374,048 |  |  | 243,987 |  |  | 528 |  |  | (618,563 | ) |  | — |
Income from continuing operations | 237,820 |  |  | 349,345 |  |  | 269,165 |  |  | (618,679 | ) |  | 237,651 |
Operating (loss) income from discontinued operations | (1,300 | ) |  | — |  |  | 378 |  |  | — |  |  | (922 | )
Tax benefit on (loss) income from discontinued operations | (857 | ) |  | — |  |  | (255 | ) |  | — |  |  | (1,112 | )
(Loss) income from discontinued operations | (443 | ) |  | — |  |  | 633 |  |  | — |  |  | 190 |
Net income | 237,377 |  |  | 349,345 |  |  | 269,798 |  |  | (618,679 | ) |  | 237,841 |
Less: Income from continuing operations attributable to noncontrolling interest | — |  |  | — |  |  | 464 |  |  | — |  |  | 464 |
Net income attributable to common shareholders | 237,377 |  |  | 349,345 |  |  | 269,334 |  |  | (618,679 | ) |  | 237,377 |
Other comprehensive loss attributable to common shareholders | (66,761 | ) |  | (76,098 | ) |  | (80,700 | ) |  | 156,798 |  |  | (66,761 | )
Comprehensive income attributable to common shareholders | $ | 170,616 |  |  | $ | 273,247 |  |  | $ | 188,634 |  |  | $ | (461,881 | ) |  | $ | 170,616 |
| Year Ended December 31, 2015
| Parent Company |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Condensed Consolidated
| (Dollars in thousands)
Net revenues | $ | — |  |  | $ | 1,079,180 |  |  | $ | 1,107,565 |  |  | $ | (377,055 | ) |  | $ | 1,809,690 |
Cost of goods sold | — |  |  | 646,427 |  |  | 593,855 |  |  | (374,995 | ) |  | 865,287 |
Gross profit | — |  |  | 432,753 |  |  | 513,710 |  |  | (2,060 | ) |  | 944,403 |
Selling, general and administrative expenses | 42,435 |  |  | 336,049 |  |  | 191,029 |  |  | (531 | ) |  | 568,982 |
Research and development expenses | — |  |  | 30,359 |  |  | 21,760 |  |  | — |  |  | 52,119 |
Restructuring charges | — |  |  | 6,731 |  |  | 1,088 |  |  | — |  |  | 7,819 |
Gain on sale of assets | — |  |  | — |  |  | (408 | ) |  | — |  |  | (408 | )
(Loss) income from continuing operations before interest, loss on extinguishment of debt and taxes | (42,435 | ) |  | 59,614 |  |  | 300,241 |  |  | (1,529 | ) |  | 315,891 |
Interest, net | 132,711 |  |  | (76,873 | ) |  | 4,953 |  |  | — |  |  | 60,791 |
Loss on extinguishment of debt | 10,454 |  |  | — |  |  | — |  |  | — |  |  | 10,454 |
(Loss) income from continuing operations before taxes | (185,600 | ) |  | 136,487 |  |  | 295,288 |  |  | (1,529 | ) |  | 244,646 |
(Benefit) taxes on (loss) income from continuing operations | (66,264 | ) |  | 27,260 |  |  | 46,804 |  |  | 38 |  |  | 7,838 |
Equity in net income of consolidated subsidiaries | 355,138 |  |  | 235,810 |  |  | 1,086 |  |  | (592,034 | ) |  | — |
Income from continuing operations | 235,802 |  |  | 345,037 |  |  | 249,570 |  |  | (593,601 | ) |  | 236,808 |
Operating (loss) income from discontinued operations | (1,734 | ) |  | — |  |  | 4 |  |  | — |  |  | (1,730 | )
(Benefit) taxes on (loss) income from discontinued operations | (10,795 | ) |  | — |  |  | 160 |  |  | — |  |  | (10,635 | )
Income (loss) from discontinued operations | 9,061 |  |  | — |  |  | (156 | ) |  | — |  |  | 8,905 |
Net income | 244,863 |  |  | 345,037 |  |  | 249,414 |  |  | (593,601 | ) |  | 245,713 |
Less: Income from continuing operations attributable to noncontrolling interests | — |  |  | — |  |  | 850 |  |  | — |  |  | 850 |
Net income attributable to common shareholders | 244,863 |  |  | 345,037 |  |  | 248,564 |  |  | (593,601 | ) |  | 244,863 |
Other comprehensive loss attributable to common shareholders | (110,229 | ) |  | (110,604 | ) |  | (120,439 | ) |  | 231,043 |  |  | (110,229 | )
Comprehensive income attributable to common shareholders | $ | 134,634 |  |  | $ | 234,433 |  |  | $ | 128,125 |  |  | $ | (362,558 | ) |  | $ | 134,634 |
| 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 charges | — |  |  | 10,189 |  |  | 7,680 |  |  | — |  |  | 17,869 |
(Loss) income from continuing operations before interest and taxes | (42,829 | ) |  | 49,092 |  |  | 285,792 |  |  | (7,193 | ) |  | 284,862 |
Interest, net | 144,869 |  |  | (85,886 | ) |  | 5,769 |  |  | — |  |  | 64,752 |
(Loss) income from continuing operations before taxes | (187,698 | ) |  | 134,978 |  |  | 280,023 |  |  | (7,193 | ) |  | 220,110 |
(Benefit) taxes on (loss) income 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 | )
(Benefit) taxes 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 | ) |  | (105,872 | ) |  | (126,317 | ) |  | 232,189 |  |  | (150,040 | )
Comprehensive income attributable to common shareholders | $ | 37,639 |  |  | $ | 194,243 |  |  | $ | 123,344 |  |  | $ | (317,587 | ) |  | $ | 37,639 |
Condensed Consolidating Balance Sheets |
| December 31, 2016
| Parent Company |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Condensed Consolidated
| (Dollars in thousands)
ASSETS |  |  |  |  |  |  |  |  |
Current assets |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 14,571 |  |  | $ | 1,031 |  |  | $ | 528,187 |  |  | $ | — |  |  | $ | 543,789 |
Accounts receivable, net | 2,551 |  |  | 8,768 |  |  | 255,815 |  |  | 4,859 |  |  | 271,993 |
Accounts receivable from consolidated subsidiaries | 4,861 |  |  | 2,176,059 |  |  | 309,149 |  |  | (2,490,069 | ) |  | — |
Inventories, net | — |  |  | 200,852 |  |  | 140,406 |  |  | (25,087 | ) |  | 316,171 |
Prepaid expenses and other current assets | 14,239 |  |  | 5,332 |  |  | 17,474 |  |  | 3,337 |  |  | 40,382 |
Prepaid taxes | — |  |  | — |  |  | 7,766 |  |  | 413 |  |  | 8,179 |
Assets held for sale | — |  |  | — |  |  | 2,879 |  |  | — |  |  | 2,879 |
Total current assets | 36,222 |  |  | 2,392,042 |  |  | 1,261,676 |  |  | (2,506,547 | ) |  | 1,183,393 |
Property, plant and equipment, net | 2,566 |  |  | 163,847 |  |  | 136,486 |  |  | — |  |  | 302,899 |
Goodwill | — |  |  | 708,546 |  |  | 568,174 |  |  | — |  |  | 1,276,720 |
Intangibles assets, net | — |  |  | 640,999 |  |  | 450,664 |  |  | — |  |  | 1,091,663 |
Deferred tax assets | 73,051 |  |  | — |  |  | 5,185 |  |  | (76,524 | ) |  | 1,712 |
Notes receivable and other amounts due from consolidated subsidiaries | 1,387,615 |  |  | 2,085,538 |  |  | — |  |  | (3,473,153 | ) |  | — |
Other assets | 6,044,337 |  |  | 1,525,285 |  |  | 29,962 |  |  | (7,564,758 | ) |  | 34,826 |
Total assets | $ | 7,543,791 |  |  | $ | 7,516,257 |  |  | $ | 2,452,147 |  |  | $ | (13,620,982 | ) |  | $ | 3,891,213 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |
Current liabilities |  |  |  |  |  |  |  |  |
Current borrowings | $ | 133,071 |  |  | $ | — |  |  | $ | 50,000 |  |  | $ | — |  |  | $ | 183,071 |
Accounts payable | 4,540 |  |  | 30,924 |  |  | 33,936 |  |  | — |  |  | 69,400 |
Accounts payable to consolidated subsidiaries | 2,242,814 |  |  | 214,203 |  |  | 33,052 |  |  | (2,490,069 | ) |  | — |
Accrued expenses | 16,827 |  |  | 18,126 |  |  | 30,196 |  |  | — |  |  | 65,149 |
Current portion of contingent consideration | — |  |  | 587 |  |  | — |  |  | — |  |  | 587 |
Payroll and benefit-related liabilities | 20,610 |  |  | 26,672 |  |  | 35,397 |  |  | — |  |  | 82,679 |
Accrued interest | 10,429 |  |  | — |  |  | 21 |  |  | — |  |  | 10,450 |
Income taxes payable | 1,246 |  |  | — |  |  | 6,577 |  |  | 85 |  |  | 7,908 |
Other current liabilities | 2,262 |  |  | 3,643 |  |  | 2,497 |  |  | — |  |  | 8,402 |
Total current liabilities | 2,431,799 |  |  | 294,155 |  |  | 191,676 |  |  | (2,489,984 | ) |  | 427,646 |
Long-term borrowings | 850,252 |  |  | — |  |  | — |  |  | — |  |  | 850,252 |
Deferred tax liabilities | — |  |  | 316,526 |  |  | 31,375 |  |  | (76,524 | ) |  | 271,377 |
Pension and postretirement benefit liabilities | 85,645 |  |  | 31,561 |  |  | 15,856 |  |  | — |  |  | 133,062 |
Noncurrent liability for uncertain tax positions | 1,169 |  |  | 13,684 |  |  | 2,667 |  |  | — |  |  | 17,520 |
Notes payable and other amounts due to consolidated subsidiaries | 2,011,737 |  |  | 1,264,004 |  |  | 197,412 |  |  | (3,473,153 | ) |  | — |
Other liabilities | 23,848 |  |  | 15,695 |  |  | 12,472 |  |  | — |  |  | 52,015 |
Total liabilities | 5,404,450 |  |  | 1,935,625 |  |  | 451,458 |  |  | (6,039,661 | ) |  | 1,751,872 |
Convertible notes - redeemable equity component (Note 19) | 1,824 |  |  | — |  |  | — |  |  | — |  |  | 1,824 |
Mezzanine Equity | 1,824 |  |  | — |  |  | — |  |  | — |  |  | 1,824 |
Total common shareholders' equity | 2,137,517 |  |  | 5,580,632 |  |  | 2,000,689 |  |  | (7,581,321 | ) |  | 2,137,517 |
Total liabilities and equity | $ | 7,543,791 |  |  | $ | 7,516,257 |  |  | $ | 2,452,147 |  |  | $ | (13,620,982 | ) |  | $ | 3,891,213 |
| December 31, 2015
| Parent Company |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Condensed Consolidated
| (Dollars in thousands)
ASSETS |  |  |  |  |  |  |  |  |
Current assets |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 21,612 |  |  | $ | — |  |  | $ | 316,754 |  |  | $ | — |  |  | $ | 338,366 |
Accounts receivable, net | 2,538 |  |  | 4,326 |  |  | 251,166 |  |  | 4,386 |  |  | 262,416 |
Accounts receivable from consolidated subsidiaries | 5,276 |  |  | 2,412,079 |  |  | 289,697 |  |  | (2,707,052 | ) |  | — |
Inventories, net | — |  |  | 205,163 |  |  | 149,705 |  |  | (24,593 | ) |  | 330,275 |
Prepaid expenses and other current assets | 10,511 |  |  | 4,702 |  |  | 16,037 |  |  | 3,665 |  |  | 34,915 |
Prepaid taxes | 16,686 |  |  | — |  |  | 14,622 |  |  | (413 | ) |  | 30,895 |
Assets held for sale | 2,901 |  |  | — |  |  | 4,071 |  |  | — |  |  | 6,972 |
Total current assets | 59,524 |  |  | 2,626,270 |  |  | 1,042,052 |  |  | (2,724,007 | ) |  | 1,003,839 |
Property, plant and equipment, net | 2,931 |  |  | 174,674 |  |  | 138,518 |  |  | — |  |  | 316,123 |
Goodwill | — |  |  | 705,753 |  |  | 590,099 |  |  | — |  |  | 1,295,852 |
Intangibles assets, net | — |  |  | 762,084 |  |  | 437,891 |  |  | — |  |  | 1,199,975 |
Deferred tax assets | 91,432 |  |  | — |  |  | 8,042 |  |  | (97,133 | ) |  | 2,341 |
Notes receivable and other amounts due from consolidated subsidiaries | 1,358,446 |  |  | 1,658,092 |  |  | — |  |  | (3,016,538 | ) |  | — |
Other assets | 5,746,828 |  |  | 1,366,660 |  |  | 47,340 |  |  | (7,107,184 | ) |  | 53,644 |
Total assets | $ | 7,259,161 |  |  | $ | 7,293,533 |  |  | $ | 2,263,942 |  |  | $ | (12,944,862 | ) |  | $ | 3,871,774 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |
Current liabilities |  |  |  |  |  |  |  |  |
Current borrowings | $ | 374,050 |  |  | $ | — |  |  | $ | 43,300 |  |  | $ | — |  |  | $ | 417,350 |
Accounts payable | 1,945 |  |  | 27,527 |  |  | 36,833 |  |  | — |  |  | 66,305 |
Accounts payable to consolidated subsidiaries | 2,478,109 |  |  | 201,400 |  |  | 27,543 |  |  | (2,707,052 | ) |  | — |
Accrued expenses | 15,399 |  |  | 22,281 |  |  | 26,337 |  |  | — |  |  | 64,017 |
Current portion of contingent consideration | — |  |  | 7,291 |  |  | — |  |  | — |  |  | 7,291 |
Payroll and benefit-related liabilities | 21,617 |  |  | 29,305 |  |  | 33,736 |  |  | — |  |  | 84,658 |
Accrued interest | 7,455 |  |  | — |  |  | 25 |  |  | — |  |  | 7,480 |
Income taxes payable | — |  |  | — |  |  | 8,144 |  |  | (85 | ) |  | 8,059 |
Other current liabilities | 1,300 |  |  | 2,679 |  |  | 4,981 |  |  | — |  |  | 8,960 |
Total current liabilities | 2,899,875 |  |  | 290,483 |  |  | 180,899 |  |  | (2,707,137 | ) |  | 664,120 |
Long-term borrowings | 641,850 |  |  | — |  |  | — |  |  | — |  |  | 641,850 |
Deferred tax liabilities | — |  |  | 376,738 |  |  | 36,378 |  |  | (97,133 | ) |  | 315,983 |
Pension and postretirement benefit liabilities | 100,355 |  |  | 32,274 |  |  | 16,812 |  |  | — |  |  | 149,441 |
Noncurrent liability for uncertain tax positions | 1,151 |  |  | 17,722 |  |  | 21,527 |  |  | — |  |  | 40,400 |
Notes payable and other amounts due to consolidated subsidiaries | 1,585,727 |  |  | 1,253,189 |  |  | 177,622 |  |  | (3,016,538 | ) |  | — |
Other liabilities | 20,931 |  |  | 15,685 |  |  | 12,271 |  |  | — |  |  | 48,887 |
Total liabilities | 5,249,889 |  |  | 1,986,091 |  |  | 445,509 |  |  | (5,820,808 | ) |  | 1,860,681 |
Total common shareholders' equity | 2,009,272 |  |  | 5,307,442 |  |  | 1,816,612 |  |  | (7,124,054 | ) |  | 2,009,272 |
Noncontrolling interest | — |  |  | — |  |  | 1,821 |  |  | — |  |  | 1,821 |
Total equity | 2,009,272 |  |  | 5,307,442 |  |  | 1,818,433 |  |  | (7,124,054 | ) |  | 2,011,093 |
Total liabilities and equity | $ | 7,259,161 |  |  | $ | 7,293,533 |  |  | $ | 2,263,942 |  |  | $ | (12,944,862 | ) |  | $ | 3,871,774 |
Condensed Consolidating Statements of Cash Flows |
| Year Ended December 31, 2016
| Parent Company |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Condensed Consolidated
| (Dollars in thousands)
Net cash (used in) provided by operating activities from continuing operations | $ | (85,088 | ) |  | $ | 169,400 |  |  | $ | 328,553 |  |  | $ | (2,275 | ) |  | $ | 410,590 |
Cash flows from investing activities of continuing operations: |  |  |  |  |  |  |  |  |
Expenditures for property, plant and equipment | (279 | ) |  | (24,753 | ) |  | (28,103 | ) |  | — |  |  | (53,135 | )
Payments for businesses and intangibles acquired, net of cash acquired | — |  |  | (10,305 | ) |  | (50,572 | ) |  | 46,837 |  |  | (14,040 | )
Proceeds from sale of assets | 5,607 |  |  | 49,571 |  |  | 1,860 |  |  | (46,837 | ) |  | 10,201 |
Investments in affiliates | — |  |  | (5,600 | ) |  | — |  |  | 5,600 |  |  | — |
Net cash provided by (used in) investing activities from continuing operations | 5,328 |  |  | 8,913 |  |  | (76,815 | ) |  | 5,600 |  |  | (56,974 | )
Cash flows from financing activities of continuing operations: |  |  |  |  |  |  |  |  |
Proceeds from new borrowings | 665,000 |  |  | — |  |  | 6,700 |  |  | — |  |  | 671,700 |
Reduction in borrowings | (714,565 | ) |  | — |  |  | — |  |  | — |  |  | (714,565 | )
Debt extinguishment, issuance and amendment fees | (8,958 | ) |  | — |  |  | — |  |  | — |  |  | (8,958 | )
Proceeds from share based compensation plans and the related tax impacts | 9,068 |  |  | — |  |  | — |  |  | — |  |  | 9,068 |
Payments to noncontrolling interest shareholders | — |  |  | — |  |  | (464 | ) |  | — |  |  | (464 | )
Payments for acquisition of noncontrolling interest | — |  |  | — |  |  | (9,231 | ) |  | — |  |  | (9,231 | )
Payments for contingent consideration | — |  |  | (7,282 | ) |  | — |  |  | — |  |  | (7,282 | )
Proceeds from issuance of shares | — |  |  | — |  |  | 5,600 |  |  | (5,600 | ) |  | — |
Dividends paid | (58,960 | ) |  | — |  |  | — |  |  | — |  |  | (58,960 | )
Intercompany transactions | 183,244 |  |  | (170,000 | ) |  | (13,244 | ) |  | — |  |  | — |
Intercompany dividends paid | — |  |  | — |  |  | (2,275 | ) |  | 2,275 |  |  | — |
Net cash provided by (used in) financing activities from continuing operations | 74,829 |  |  | (177,282 | ) |  | (12,914 | ) |  | (3,325 | ) |  | (118,692 | )
Cash flows from discontinued operations: |  |  |  |  |  |  |  |  |
Net cash used in operating activities | (2,110 | ) |  | — |  |  | — |  |  | — |  |  | (2,110 | )
Net cash used in discontinued operations | (2,110 | ) |  | — |  |  | — |  |  | — |  |  | (2,110 | )
Effect of exchange rate changes on cash and cash equivalents | — |  |  | — |  |  | (27,391 | ) |  | — |  |  | (27,391 | )
Net (decrease) increase in cash and cash equivalents | (7,041 | ) |  | 1,031 |  |  | 211,433 |  |  | — |  |  | 205,423 |
Cash and cash equivalents at the beginning of the year | 21,612 |  |  | — |  |  | 316,754 |  |  | — |  |  | 338,366 |
Cash and cash equivalents at the end of the year | $ | 14,571 |  |  | $ | 1,031 |  |  | $ | 528,187 |  |  | $ | — |  |  | $ | 543,789 |
| Year Ended December 31, 2015
| Parent Company |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Eliminations |  | Condensed Consolidated
| (Dollars in thousands)
Net cash (used in) provided by operating activities from continuing operations | $ | (147,704 | ) |  | $ | 134,817 |  |  | $ | 320,145 |  |  | $ | (3,812 | ) |  | $ | 303,446 |
Cash flows from investing activities of continuing operations: |  |  |  |  |  |  |  |  |
Expenditures for property, plant and equipment | (124 | ) |  | (32,797 | ) |  | (28,527 | ) |  | — |  |  | (61,448 | )
Payments for businesses and intangibles acquired, net of cash acquired | — |  |  | (60,336 | ) |  | (33,472 | ) |  | — |  |  | (93,808 | )
Proceeds from sale of assets | 408 |  |  | — |  |  | — |  |  | — |  |  | 408 |
Investments in affiliates | — |  |  | — |  |  | (121,850 | ) |  | 121,850 |  |  | — |
Net cash provided by (used in) investing activities from continuing operations | 284 |  |  | (93,133 | ) |  | (183,849 | ) |  | 121,850 |  |  | (154,848 | )
Cash flows from financing activities of continuing operations: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Proceeds from new borrowings | 288,100 |  |  | — |  |  | — |  |  | — |  |  | 288,100 |
Reduction in borrowings | (303,757 | ) |  | — |  |  | — |  |  | — |  |  | (303,757 | )
Debt extinguishment, issuance and amendment fees | (9,017 | ) |  | — |  |  | — |  |  | — |  |  | (9,017 | )
Proceeds from share based compensation plans and related tax impacts | 4,994 |  |  | — |  |  | — |  |  | — |  |  | 4,994 |
Payments to noncontrolling interest shareholders | — |  |  | — |  |  | (1,343 | ) |  | — |  |  | (1,343 | )
Payments for contingent consideration | — |  |  | (8,028 | ) |  | — |  |  | — |  |  | (8,028 | )
Proceeds from issuance of shares | — |  |  | 121,850 |  |  | — |  |  | (121,850 | ) |  | — |
Dividends paid | (56,532 | ) |  | — |  |  | — |  |  | — |  |  | (56,532 | )
Intercompany transactions | 219,035 |  |  | (155,506 | ) |  | (63,529 | ) |  | — |  |  | — |
Intercompany dividends paid | — |  |  | — |  |  | (3,812 | ) |  | 3,812 |  |  | — |
Net cash provided by (used in) financing activities from continuing operations | 142,823 |  |  | (41,684 | ) |  | (68,684 | ) |  | (118,038 | ) |  | (85,583 | )
Cash flows from discontinued operations: |  |  |  |  |  |  |  |  |
Net cash used in operating activities | (1,787 | ) |  | — |  |  | (849 | ) |  | — |  |  | (2,636 | )
Net cash used in discontinued operations | (1,787 | ) |  | — |  |  | (849 | ) |  | — |  |  | (2,636 | )
Effect of exchange rate changes on cash and cash equivalents | — |  |  | — |  |  | (25,249 | ) |  | — |  |  | (25,249 | )
Net (decrease) increase in cash and cash equivalents | (6,384 | ) |  | — |  |  | 41,514 |  |  | — |  |  | 35,130 |
Cash and cash equivalents at the beginning of the year | 27,996 |  |  | — |  |  | 275,240 |  |  | — |  |  | 303,236 |
Cash and cash equivalents at the end of the year | $ | 21,612 |  |  | $ | — |  |  | $ | 316,754 |  |  | $ | — |  |  | $ | 338,366 |
| 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 | $ | (105,467 | ) |  | $ | 347,503 |  |  | $ | 52,634 |  |  | $ | (4,429 | ) |  | $ | 290,241 |
Cash flows from investing activities of continuing operations: |  |  |  |  |  |  |  |  |
Expenditures for property, plant and equipment | (2,273 | ) |  | (30,586 | ) |  | (34,712 | ) |  | — |  |  | (67,571 | )
Payments for businesses and intangibles acquired, net of cash acquired | — |  |  | (17,241 | ) |  | (28,536 | ) |  | — |  |  | (45,777 | )
Proceeds from sale of assets and investments | 1,669 |  |  | 3,421 |  |  | 161 |  |  | — |  |  | 5,251 |
Investments in affiliates | (60 | ) |  | 20 |  |  | — |  |  | — |  |  | (40 | )
Net cash used in investing activities from continuing operations | (664 | ) |  | (44,386 | ) |  | (63,087 | ) |  | — |  |  | (108,137 | )
Cash flows from financing activities of continuing operations: |  |  |  |  |  |  |  |  |
Proceeds from new borrowings | 250,000 |  |  | — |  |  | — |  |  | — |  |  | 250,000 |
Reduction in borrowings | (480,102 | ) |  | — |  |  | — |  |  | — |  |  | (480,102 | )
Debt issuance and amendment fees | (4,494 | ) |  | — |  |  | — |  |  | — |  |  | (4,494 | )
Proceeds from share based compensation plans and the related tax impacts | 4,245 |  |  | — |  |  | — |  |  | — |  |  | 4,245 |
Payments to noncontrolling interest shareholders | — |  |  | — |  |  | (1,094 | ) |  | — |  |  | (1,094 | )
Dividends paid | (56,258 | ) |  | — |  |  | — |  |  | — |  |  | (56,258 | )
Intercompany transactions | 381,663 |  |  | (317,617 | ) |  | (64,046 | ) |  | — |  |  | — |
Intercompany dividends paid | — |  |  | — |  |  | (4,429 | ) |  | 4,429 |  |  | — |
Net cash provided by (used in) financing activities from continuing operations | 95,054 |  |  | (317,617 | ) |  | (69,569 | ) |  | 4,429 |  |  | (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 year | 42,749 |  |  | 14,500 |  |  | 374,735 |  |  | — |  |  | 431,984 |
Cash and cash equivalents at the end of the year | $ | 27,996 |  |  | $ | — |  |  | $ | 275,240 |  |  | $ | — |  |  | $ | 303,236 |

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