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SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Dec. 31, 2014
SIGNIFICANT ACCOUNTING POLICIES |
Schedule of fair value measurement |
|  | Carrying Value at December 31, 2014 |  | Fair Value Measurements at December 31, 2014 |
|  |  |  |  |  | Quoted Prices in Active Markets |  | Significant Observable |  | Significant Unobservable |
(in millions) |  | Total |  | Total |  | (Level 1) |  | Inputs (Level 2) |  | Inputs (Level 3) |
Cash and cash equivalents |  | $ | 293.4 |  | $ | 293.4 |  | $ | 293.4 |  | $ | — |  | $ | — |
Accounts receivable, net |  | 197.6 |  | 197.6 |  | — |  | 197.6 |  | — |
Fixed rate debt |  | 373.6 |  | 395.7 |  | — |  | 395.7 |  | — |
|  | Carrying Value at December 31, 2013 |  | Fair Value Measurements at December 31, 2013 |
|  |  |  |  |  | Quoted Prices in Active Markets |  | Significant Observable |  | Significant Unobservable |
(in millions) |  | Total |  | Total |  | (Level 1) |  | Inputs (Level 2) |  | Inputs (Level 3) |
Cash and cash equivalents |  | $ | 114.5 |  | $ | 114.5 |  | $ | 114.5 |  | $ | — |  | $ | — |
Accounts receivable, net |  | 182.3 |  | 182.3 |  | — |  | 182.3 |  | — |
Fixed rate debt |  | 286.1 |  | 292.7 |  | — |  | 292.7 |  | — |
Schedule of changes in the allowance for doubtful accounts receivable |
Year |  | Balance at Beginning of Year |  | Expense |  | Write-offs and Other |  | Balance at End of Year |
2014 |  | $ | 4.1 |  | $ | 1.8 |  | $ | (0.9 | ) | $ | 5.0 |
2013 |  | 4.7 |  | 0.6 |  | (1.2 | ) | 4.1 |
2012 |  | 5.3 |  | 0.7 |  | (1.3 | ) | 4.7 |
Schedule of estimated useful lives of property and equipment |
Classification |  | Range of Life
Vessels |  | 5 to 40 years
Machinery and equipment |  | 2 to 20 years
Terminal facilities |  | 2 to 35 years
Schedule of loss from discontinued operations |
|  | Year Ended |
Discontinued Operations |  | December 31, 2012 |
Discontinued operations, net of income taxes: |  |  |
Income from A&B |  | $ | 116.4 |
Expenses from A&B |  | (118.1 | )
Tax expense from A&B |  | (1.6 | )
Loss from A&B |  | (3.3 | )
Expenses from CLX2 |  | (4.4 | )
Tax benefit from CLX2 |  | 1.6 |
Loss from discontinued operations, net of tax |  | $ | (6.1 | )
Schedule of Basic and Diluted Earnings Per Share |
|  | Year Ended December 31, 2014 |  | Year Ended December 31, 2013 |  | Year Ended December 31, 2012 |
|  |  |  | Weighted |  | Per |  |  |  | Weighted |  | Per |  |  |  | Weighted |  | Per |
|  |  |  | Average |  | Common |  |  |  | Average |  | Common |  |  |  | Average |  | Common |
|  | Net |  | Common |  | Share |  | Net |  | Common |  | Share |  | Net |  | Common |  | Share |
|  | Income |  | Shares |  | Amount |  | Income |  | Shares |  | Amount |  | Income |  | Shares |  | Amount |
Basic: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 70.8 |  | 43.0 |  | $ | 1.65 |  | $ | 53.7 |  | 42.7 |  | $ | 1.26 |  | $ | 52.0 |  | 42.3 |  | $ | 1.23 |
Loss from discontinued operations |  | — |  | 43.0 |  | — |  | — |  | 42.7 |  | — |  | (6.1 | ) | 42.3 |  | (0.14 | )
Net Income |  | $ | 70.8 |  |  |  | $ | 1.65 |  | $ | 53.7 |  |  |  | $ | 1.26 |  | $ | 45.9 |  |  |  | $ | 1.09 |
Effect of Dilutive Securities |  |  |  | 0.4 |  |  |  |  |  | 0.4 |  |  |  |  |  | 0.4 |  |  |
Diluted: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 70.8 |  | 43.4 |  | $ | 1.63 |  | $ | 53.7 |  | 43.1 |  | $ | 1.25 |  | $ | 52.0 |  | 42.7 |  | $ | 1.22 |
Loss from discontinued operations |  | — |  | 43.4 |  | — |  | — |  | 43.1 |  | — |  | (6.1 | ) | 42.7 |  | (0.14 | )
Net Income |  | $ | 70.8 |  |  |  | $ | 1.63 |  | $ | 53.7 |  |  |  | $ | 1.25 |  | $ | 45.9 |  |  |  | $ | 1.08 |

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