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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash Flows from Operating Activities    
Net income $ 47.8 $ 52.4
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization [1] 18.9 17.3
Adjustment to fair value of contingent consideration (4.0) (23.1)
Deferred taxes 1.1 10.5
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 (0.6) (5.2)
Non-cash movements on defined benefit pension plans (3.2) 0.3
Stock option compensation 1.9 1.8
Changes in assets and liabilities, net of effects of acquired and divested companies:    
Trade and other accounts receivable 0.9 21.7
Inventories 5.7 1.5
Prepaid expenses 0.9 1.6
Accounts payable and accrued liabilities (14.1) (23.1)
Accrued income taxes 1.6 0.5
Plant closure provisions 0.9 1.4
Unrecognized tax benefits (0.4) 0.1
Other non-current assets and liabilities (1.7) (1.9)
Net cash provided by operating activities 57.0 55.1
Cash Flows from Investing Activities    
Capital expenditures (7.5) (7.3)
Business combinations, net of cash acquired 1.8 0.0
Internally developed software 0.0 (5.1)
Purchase of short-term investments 0.0 (3.7)
Sale of short-term investments 4.7 3.0
Net cash used in investing activities (1.0) (13.1)
Cash Flows from Financing Activities    
Non-controlling interest 0.0 0.4
Proceeds from revolving credit facility 28.0 0.0
Repayments of revolving credit facility (7.0) 0.0
Repayments of finance leases and term loans (0.4) (0.4)
Payment for acquisition-related contingent consideration (44.0) 0.0
Excess tax benefit from stock-based payment arrangements 0.1 0.7
Dividend paid (8.1) (7.3)
Issue of treasury stock 0.3 0.7
Repurchase of common stock (8.2) (11.4)
Net cash used in financing activities (39.3) (17.3)
Effect of foreign currency exchange rate changes on cash (0.4) (0.9)
Net change in cash and cash equivalents 16.3 23.8
Cash and cash equivalents at beginning of period 136.9 41.6
Reclassification of cash to assets held for sale 0.0 (1.1)
Cash and cash equivalents at end of period $ 153.2 $ 64.3
[1] Amortization of deferred finance costs of $0.2 million (2015 - $0.4 million) are included in depreciation and amortization in the cash flow statement but in interest expense in the income statement.