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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash Flows from Operating Activities    
Net income $ 18.9 $ 17.9
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization [1] 9.2 8.5
Adjustment to fair value of contingent consideration (1.6) 3.5
Deferred taxes 0.3 1.1
Excess tax benefit from stock-based payment arrangements (0.1) (0.7)
Loss on disposal of subsidiary 1.4 0.0
Cash contributions to defined benefit pension plans (0.3) (2.7)
Non-cash expense of defined benefit pension plans (1.6) 0.2
Stock option compensation 0.9 0.9
Changes in assets and liabilities, net of effects of acquired and divested companies:    
Trade and other accounts receivable (9.1) 14.1
Inventories 7.9 6.4
Prepaid expenses 0.7 1.5
Accounts payable and accrued liabilities (21.1) (33.1)
Accrued income taxes 0.4 0.2
Plant closure provisions 0.3 0.5
Unrecognized tax benefits 0.0 0.1
Other non-current assets and liabilities 0.4 (0.2)
Net cash provided by operating activities 6.6 18.2
Cash Flows from Investing Activities    
Capital expenditures (3.1) (3.4)
Business combinations, net of cash acquired 1.8 0.0
Internally developed software 0.0 (2.7)
Purchase of short-term investments 0.0 (1.8)
Sale of short-term investments 3.1 1.1
Net cash provided by/(used in) investing activities 1.8 (6.8)
Cash Flows from Financing Activities    
Proceeds from revolving credit facility 18.0 0.0
Repayments of revolving credit facility (5.0) 0.0
Receipt of short-term borrowing 6.8 0.0
Repayments of finance leases and term loans (0.2) (0.2)
Payment of acquisition-related contingent consideration (44.0) 0.0
Excess tax benefit from stock-based payment arrangements 0.1 0.7
Issue of treasury stock 0.2 0.7
Repurchase of common stock (8.2) (6.3)
Net cash used in financing activities (32.3) (5.1)
Effect of foreign currency exchange rate changes on cash 0.4 (1.4)
Net change in cash and cash equivalents (23.5) 4.9
Cash and cash equivalents at beginning of period 136.9 41.6
Cash and cash equivalents at end of period $ 113.4 $ 46.5
[1] Amortization of deferred finance costs of $0.1 million (2015 - $0.2 million) are included in depreciation and amortization in the cash flow statement but in interest expense in the income statement.