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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash Flows from Operating Activities      
Net income $ 81.3 $ 119.5 $ 84.1
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization [1] 38.1 35.2 29.1
Adjustment to fair value of contingent consideration (9.4) (40.7) (1.9)
Loss/(profit) on disposal of subsidiary 1.4 (1.6) 0.0
Deferred taxes 0.9 12.0 5.8
Excess tax benefit from stock-based payment arrangements (1.0) (0.5) (0.4)
Cash contributions to defined benefit pension plans (1.1) (9.0) (11.6)
Non-cash expense of defined benefit pension plans (6.2) 0.5 3.8
Stock option compensation 3.3 3.7 2.6
Repayment of promissory note in civil complaint settlement 0.0 0.0 (5.0)
Changes in assets and liabilities, net of effects of acquired and divested companies:      
Trade and other accounts receivable (6.0) 13.6 (0.9)
Inventories 7.7 5.5 (11.1)
Prepaid expenses 0.5 1.8 (1.3)
Accounts payable and accrued liabilities (3.4) (24.5) 0.5
Accrued income taxes (2.0) 2.0 14.9
Plant closure provisions 1.9 4.1 1.9
Unrecognized tax benefits (1.6) (2.3) (6.8)
Other non-current assets and liabilities 0.1 (1.6) 2.6
Net cash provided by operating activities 104.5 117.7 106.3
Cash Flows from Investing Activities      
Capital expenditures (16.5) (17.6) (13.5)
Business combinations, net of cash acquired (197.4) 0.0 (98.7)
Proceeds from disposal of subsidiary 0.0 41.5 0.0
Internally developed software 0.0 (8.6) (8.4)
Purchase of short-term investments 0.0 (6.7) (5.0)
Sale of short-term investments 4.8 6.4 6.6
Net cash (used in)/provided by investing activities (209.1) 15.0 (119.0)
Cash Flows from Financing Activities      
Non-controlling interest 0.0 0.3 0.0
Proceeds from revolving credit facility 48.0 6.0 53.0
Repayments of revolving credit facility (20.0) (12.0) (56.0)
Receipt of term loans 110.0 0.0 0.0
Repayment of finance leases and term loans (1.1) (0.4) (1.7)
Refinancing costs (1.2) (1.5) (0.1)
Payment for acquisition-related contingent consideration (44.0) 0.0 0.0
Excess tax benefit from stock-based payment arrangements 1.0 0.5 0.4
Dividend paid (15.9) (14.9) (13.4)
Issue of treasury stock 2.1 1.0 0.4
Repurchase of common stock (8.4) (15.3) (6.9)
Net cash provided by/(used in) financing activities 70.5 (36.3) (24.3)
Effect of foreign currency exchange rate changes on cash (0.9) (1.1) (1.6)
Net change in cash and cash equivalents (35.0) 95.3 (38.6)
Cash and cash equivalents at beginning of year 136.9 41.6 80.2
Cash and cash equivalents at end of year $ 101.9 $ 136.9 $ 41.6
[1] Amortization of deferred finance costs of $0.4 million (2015 - $1.2 million, 2014 - $0.7 million) for the year are included in depreciation and amortization in the cash flow statement but in interest expense in the income statement. Cash payments/receipts in respect of income taxes and interest are disclosed in Note 10 and Note 11, respectively, of the Notes to the Consolidated Financial Statements.