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Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2016
Fair Value Disclosures [Abstract]  
Carrying Amount and Fair Values of the Company's Assets and Liabilities Measured on a Recurring Basis

The following table presents the carrying amount and fair values of the Company’s assets and liabilities measured on a recurring basis:

 

     June 30, 2016      December 31, 2015  

(in millions)

   Carrying
Amount
     Fair
Value
     Carrying
Amount
     Fair
Value
 

Assets

           

Non-derivatives:

           

Cash and cash equivalents

   $ 153.2       $ 153.2       $ 136.9       $ 136.9   

Short-term investments

     0.0         0.0         4.8         4.8   

Derivatives (Level 1 measurement):

           

Other non-current assets:

           

Foreign currency forward exchange contracts

     1.6         1.6         0.0         0.0   

Liabilities

           

Non-derivatives:

           

Long-term debt (including current portion)

   $ 154.0       $ 154.0       $ 133.0       $ 133.0   

Finance leases (including current portion)

     3.9         3.9         3.1         3.1   

Derivatives (Level 1 measurement):

           

Other non-current liabilities:

           

Foreign currency forward exchange contracts

     0.0         0.0         0.3         0.3   

Non-financial liabilities (Level 3 measurement):

           

Acquisition-related contingent consideration

     6.5         6.5         54.6         54.6   

Stock equivalent units

     5.8         5.8         7.8         7.8