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Guarantor and Non-Guarantor Financial Statements (Tables) | 12 Months Ended
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Dec. 31, 2014
Guarantor and Non-Guarantor Financial Statement [Abstract] |
Schedule of Condensed Financial Statements | CONDENSED CONSOLIDATING BALANCE SHEET December 31, 2014
|  | Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | — |  |  | $ | 175.3 |  |  | $ | 2.4 |  |  | $ | — |  |  | $ | 177.7 |
Short-term investments |  | — |  |  | 114.0 |  |  | — |  |  | — |  |  | 114.0 |
Receivables: |  |  |  |  |  |  |  |  |  |
Trade receivables — net |  | — |  |  | 126.1 |  |  | 3.2 |  |  | — |  |  | 129.3 |
Intercompany receivables |  | 204.2 |  |  | 4.0 |  |  | 0.9 |  |  | (209.1 | ) |  | — |
Other |  | — |  |  | 5.6 |  |  | 5.3 |  |  | — |  |  | 10.9 |
Inventories |  | — |  |  | 208.0 |  |  | 7.6 |  |  | (0.9 | ) |  | 214.7 |
Prepaid expenses and other current assets |  | 85.1 |  |  | 93.1 |  |  | 0.4 |  |  | — |  |  | 178.6 |
Total current assets |  | 289.3 |  |  | 726.1 |  |  | 19.8 |  |  | (210.0 | ) |  | 825.2 |
Investments in and advances to subsidiaries |  | 1,209.2 |  |  | 32.5 |  |  | — |  |  | (1,241.7 | ) |  | — |
Property, plant and equipment — net |  | — |  |  | 437.4 |  |  | 17.5 |  |  | — |  |  | 454.9 |
Long-term intercompany receivables |  | — |  |  | — |  |  | 15.9 |  |  | (15.9 | ) |  | — |
Net assets of VEBAs |  | — |  |  | 340.1 |  |  | — |  |  | — |  |  | 340.1 |
Deferred tax assets — net |  | — |  |  | 23.8 |  |  | — |  |  | 7.1 |  |  | 30.9 |
Intangible assets — net |  | — |  |  | 32.1 |  |  | — |  |  | — |  |  | 32.1 |
Goodwill |  | — |  |  | 37.2 |  |  | — |  |  | — |  |  | 37.2 |
Other assets |  | 4.4 |  |  | 18.8 |  |  | 0.1 |  |  | — |  |  | 23.3 |
Total |  | $ | 1,502.9 |  |  | $ | 1,648.0 |  |  | $ | 53.3 |  |  | $ | (1,460.5 | ) |  | $ | 1,743.7 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |  |  |
Accounts payable |  | $ | 1.3 |  |  | $ | 73.8 |  |  | $ | 6.3 |  |  | $ | — |  |  | $ | 81.4 |
Intercompany payable |  | — |  |  | 221.3 |  |  | 3.3 |  |  | (224.6 | ) |  | — |
Accrued salaries, wages and related expenses |  | — |  |  | 36.5 |  |  | 3.1 |  |  | — |  |  | 39.6 |
Other accrued liabilities |  | 88.2 |  |  | 43.8 |  |  | 0.8 |  |  | — |  |  | 132.8 |
Current portion of long-term debt |  | 172.5 |  |  | — |  |  | — |  |  | — |  |  | 172.5 |
Short-term capital lease |  | — |  |  | 0.1 |  |  | — |  |  | — |  |  | 0.1 |
Total current liabilities |  | 262.0 |  |  | 375.5 |  |  | 13.5 |  |  | (224.6 | ) |  | 426.4 |
Net liability in respect of VEBA |  | — |  |  | 17.2 |  |  | — |  |  | — |  |  | 17.2 |
Deferred tax liabilities |  | — |  |  | — |  |  | 0.9 |  |  | — |  |  | 0.9 |
Long-term intercompany payable |  | — |  |  | 15.9 |  |  | — |  |  | (15.9 | ) |  | — |
Long-term liabilities |  | — |  |  | 50.3 |  |  | 8.0 |  |  | — |  |  | 58.3 |
Long-term debt |  | 225.0 |  |  | — |  |  | — |  |  | — |  |  | 225.0 |
Total liabilities |  | 487.0 |  |  | 458.9 |  |  | 22.4 |  |  | (240.5 | ) |  | 727.8 |
Total stockholders’ equity |  | 1,015.9 |  |  | 1,189.1 |  |  | 30.9 |  |  | (1,220.0 | ) |  | 1,015.9 |
Total |  | $ | 1,502.9 |  |  | $ | 1,648.0 |  |  | $ | 53.3 |  |  | $ | (1,460.5 | ) |  | $ | 1,743.7 |
CONDENSED CONSOLIDATING BALANCE SHEET December 31, 2013
|  | Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
ASSETS |  |  |  |  |  |  |  |  |  |
Current assets: |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 5.0 |  |  | $ | 157.7 |  |  | $ | 6.8 |  |  | $ | — |  |  | $ | 169.5 |
Short-term investments |  | — |  |  | 129.5 |  |  | — |  |  | — |  |  | 129.5 |
Receivables: |  |  |  |  |  |  |  |  |  |
Trade receivables — net |  | — |  |  | 117.7 |  |  | 2.1 |  |  | — |  |  | 119.8 |
Intercompany receivables |  | — |  |  | 0.1 |  |  | 0.2 |  |  | (0.3 | ) |  | — |
Other |  | — |  |  | 5.3 |  |  | 8.1 |  |  | — |  |  | 13.4 |
Inventories |  | — |  |  | 208.6 |  |  | 6.4 |  |  | (0.6 | ) |  | 214.4 |
Prepaid expenses and other current assets |  | 0.1 |  |  | 43.7 |  |  | 0.4 |  |  | — |  |  | 44.2 |
Total current assets |  | 5.1 |  |  | 662.6 |  |  | 24.0 |  |  | (0.9 | ) |  | 690.8 |
Investments in and advances to subsidiaries |  | 1,437.9 |  |  | 26.5 |  |  | — |  |  | (1,464.4 | ) |  | — |
Property, plant and equipment — net |  | — |  |  | 414.0 |  |  | 15.3 |  |  | — |  |  | 429.3 |
Long-term intercompany receivables |  | 31.3 |  |  | 1.6 |  |  | 9.5 |  |  | (42.4 | ) |  | — |
Net assets of VEBAs |  | — |  |  | 406.0 |  |  | — |  |  | — |  |  | 406.0 |
Deferred tax assets — net |  | — |  |  | 60.2 |  |  | — |  |  | 8.9 |  |  | 69.1 |
Intangible assets — net |  | — |  |  | 33.7 |  |  | — |  |  | — |  |  | 33.7 |
Goodwill |  | — |  |  | 37.2 |  |  | — |  |  | — |  |  | 37.2 |
Other assets |  | 86.2 |  |  | 18.5 |  |  | 0.1 |  |  | — |  |  | 104.8 |
Total |  | $ | 1,560.5 |  |  | $ | 1,660.3 |  |  | $ | 48.9 |  |  | $ | (1,498.8 | ) |  | $ | 1,770.9 |
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |  |  |  |  |
Accounts payable |  | $ | 1.1 |  |  | $ | 56.3 |  |  | $ | 5.5 |  |  | $ | — |  |  | $ | 62.9 |
Intercompany payable |  | — |  |  | 13.9 |  |  | 0.1 |  |  | (14.0 | ) |  | — |
Accrued salaries, wages and related expenses |  | — |  |  | 39.3 |  |  | 3.4 |  |  | — |  |  | 42.7 |
Other accrued liabilities |  | 3.5 |  |  | 39.9 |  |  | 1.4 |  |  | — |  |  | 44.8 |
Short-term capital lease |  | — |  |  | 0.2 |  |  | — |  |  | — |  |  | 0.2 |
Total current liabilities |  | 4.6 |  |  | 149.6 |  |  | 10.4 |  |  | (14.0 | ) |  | 150.6 |
Deferred tax liabilities |  | — |  |  | — |  |  | 1.2 |  |  | — |  |  | 1.2 |
Long-term intercompany payable |  | — |  |  | 40.7 |  |  | 1.7 |  |  | (42.4 | ) |  | — |
Long-term liabilities |  | 83.2 |  |  | 52.0 |  |  | 11.2 |  |  | — |  |  | 146.4 |
Long-term debt |  | 388.5 |  |  | — |  |  | — |  |  | — |  |  | 388.5 |
Total liabilities |  | 476.3 |  |  | 242.3 |  |  | 24.5 |  |  | (56.4 | ) |  | 686.7 |
Total stockholders’ equity |  | 1,084.2 |  |  | 1,418.0 |  |  | 24.4 |  |  | (1,442.4 | ) |  | 1,084.2 |
Total |  | $ | 1,560.5 |  |  | $ | 1,660.3 |  |  | $ | 48.9 |  |  | $ | (1,498.8 | ) |  | $ | 1,770.9 |
CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME (LOSS) Year Ended December 31, 2014
|  | Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Net sales |  | $ | — |  |  | $ | 1,323.4 |  |  | $ | 133.9 |  |  | $ | (101.2 | ) |  | $ | 1,356.1 |
Costs and expenses: |  |  |  |  |  |  |  |  |  |
Cost of products sold: |  |  |  |  |  |  |  |  |  |
Cost of products sold, excluding depreciation and amortization and other items |  | — |  |  | 1,098.3 |  |  | 117.8 |  |  | (98.6 | ) |  | 1,117.5 |
Unrealized loss on derivative instruments |  | — |  |  | 10.4 |  |  | — |  |  | — |  |  | 10.4 |
Depreciation and amortization |  | — |  |  | 30.0 |  |  | 1.1 |  |  | — |  |  | 31.1 |
Selling, administrative, research and development and general: |  |  |  |  |  |  |  |  |  |
Selling, administrative, research and development and general |  | 4.1 |  |  | 69.7 |  |  | 9.9 |  |  | (2.3 | ) |  | 81.4 |
Net periodic pension benefit income relating to VEBAs |  | — |  |  | (23.7 | ) |  | — |  |  | — |  |  | (23.7 | )
Total selling, administrative, research and development and general |  | 4.1 |  |  | 46.0 |  |  | 9.9 |  |  | (2.3 | ) |  | 57.7 |
Other operating charges, net |  | — |  |  | 1.5 |  |  | — |  |  | — |  |  | 1.5 |
Total costs and expenses |  | 4.1 |  |  | 1,186.2 |  |  | 128.8 |  |  | (100.9 | ) |  | 1,218.2 |
Operating (loss) income |  | (4.1 | ) |  | 137.2 |  |  | 5.1 |  |  | (0.3 | ) |  | 137.9 |
Other (expense) income: |  |  |  |  |  |  |  |  |  |
Interest expense |  | (37.5 | ) |  | (0.6 | ) |  | — |  |  | 0.6 |  |  | (37.5 | )
Other income (expense), net |  | 3.7 |  |  | 3.2 |  |  | 0.4 |  |  | (0.6 | ) |  | 6.7 |
(Loss) income before income taxes |  | (37.9 | ) |  | 139.8 |  |  | 5.5 |  |  | (0.3 | ) |  | 107.1 |
Income tax (provision) benefit |  | — |  |  | (50.2 | ) |  | 0.8 |  |  | 14.1 |  |  | (35.3 | )
Earnings in equity of subsidiaries |  | 109.7 |  |  | 6.0 |  |  | — |  |  | (115.7 | ) |  | — |
Net income |  | $ | 71.8 |  |  | $ | 95.6 |  |  | $ | 6.3 |  |  | $ | (101.9 | ) |  | $ | 71.8 |
Comprehensive (loss) income |  | $ | (3.6 | ) |  | $ | 19.9 |  |  | $ | 6.6 |  |  | $ | (26.5 | ) |  | $ | (3.6 | )
CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME Year Ended December 31, 2013
|  | Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Net sales |  | $ | — |  |  | $ | 1,275.2 |  |  | $ | 118.0 |  |  | $ | (95.7 | ) |  | $ | 1,297.5 |
Costs and expenses: |  |  |  |  |  |  |  |  |  |
Cost of products sold: |  |  |  |  |  |  |  |  |  |
Cost of products sold, excluding depreciation and amortization and other items |  | — |  |  | 1,026.0 |  |  | 105.7 |  |  | (92.8 | ) |  | 1,038.9 |
Unrealized gains on derivative instruments |  | — |  |  | (0.7 | ) |  | — |  |  | — |  |  | (0.7 | )
Depreciation and amortization |  | — |  |  | 27.0 |  |  | 1.1 |  |  | — |  |  | 28.1 |
Selling, administrative, research and development and general: |  |  |  |  |  |  |  |  |  |
Selling, administrative, research and development and general |  | 3.8 |  |  | 70.1 |  |  | 8.9 |  |  | (2.4 | ) |  | 80.4 |
Net periodic pension benefit income relating to VEBAs |  | — |  |  | (22.5 | ) |  | — |  |  | — |  |  | (22.5 | )
Total selling, administrative, research and development and general |  | 3.8 |  |  | 47.6 |  |  | 8.9 |  |  | (2.4 | ) |  | 57.9 |
Total costs and expenses |  | 3.8 |  |  | 1,099.9 |  |  | 115.7 |  |  | (95.2 | ) |  | 1,124.2 |
Operating (loss) income |  | (3.8 | ) |  | 175.3 |  |  | 2.3 |  |  | (0.5 | ) |  | 173.3 |
Other (expense) income: |  |  |  |  |  |  |  |  |  |
Interest expense |  | (36.6 | ) |  | 0.5 |  |  | — |  |  | 0.4 |  |  | (35.7 | )
Other income (expense), net |  | 3.9 |  |  | 2.0 |  |  | — |  |  | (0.3 | ) |  | 5.6 |
(Loss) income before income taxes |  | (36.5 | ) |  | 177.8 |  |  | 2.3 |  |  | (0.4 | ) |  | 143.2 |
Income tax (provision) benefit |  | — |  |  | (68.1 | ) |  | 15.7 |  |  | 14.0 |  |  | (38.4 | )
Earnings in equity of subsidiaries |  | 141.3 |  |  | 17.6 |  |  | — |  |  | (158.9 | ) |  | — |
Net income |  | $ | 104.8 |  |  | $ | 127.3 |  |  | $ | 18.0 |  |  | $ | (145.3 | ) |  | $ | 104.8 |
Comprehensive income |  | $ | 110.1 |  |  | $ | 131.6 |  |  | $ | 19.0 |  |  | $ | (150.6 | ) |  | $ | 110.1 |
CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME Year Ended December 31, 2012
|  | Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Net sales |  | $ | — |  |  | $ | 1,326.0 |  |  | $ | 124.0 |  |  | $ | (89.9 | ) |  | $ | 1,360.1 |
Costs and expenses: |  |  |  |  |  |  |  |  |  |
Cost of products sold: |  |  |  |  |  |  |  |  |  |
Cost of products sold, excluding depreciation and amortization and other items |  | — |  |  | 1,090.0 |  |  | 110.2 |  |  | (84.0 | ) |  | 1,116.2 |
Unrealized loss on derivative instruments |  | — |  |  | (15.2 | ) |  | — |  |  | — |  |  | (15.2 | )
Depreciation and amortization |  | — |  |  | 25.5 |  |  | 1.0 |  |  | — |  |  | 26.5 |
Selling, administrative, research and development and general: |  |  |  |  |  |  |  |  |  |
Selling, administrative, research and development and general |  | 2.0 |  |  | 69.6 |  |  | 8.2 |  |  | (5.7 | ) |  | 74.1 |
Net periodic pension benefit income relating to VEBAs |  | — |  |  | (11.9 | ) |  | — |  |  | — |  |  | (11.9 | )
Total selling, administrative, research and development and general |  | 2.0 |  |  | 57.7 |  |  | 8.2 |  |  | (5.7 | ) |  | 62.2 |
Other operating charges, net |  | — |  |  | 4.5 |  |  | — |  |  | — |  |  | 4.5 |
Total costs and expenses |  | 2.0 |  |  | 1,162.5 |  |  | 119.4 |  |  | (89.7 | ) |  | 1,194.2 |
Operating (loss) income |  | (2.0 | ) |  | 163.5 |  |  | 4.6 |  |  | (0.2 | ) |  | 165.9 |
Other (expense) income: |  |  |  |  |  |  |  |  |  |
Interest expense |  | (28.2 | ) |  | (1.0 | ) |  | — |  |  | 0.1 |  |  | (29.1 | )
Other income, net |  | 0.8 |  |  | 1.5 |  |  | 0.6 |  |  | (0.1 | ) |  | 2.8 |
(Loss) income before income taxes |  | (29.4 | ) |  | 164.0 |  |  | 5.2 |  |  | (0.2 | ) |  | 139.6 |
Income tax provision |  | — |  |  | (62.6 | ) |  | (2.3 | ) |  | 11.1 |  |  | (53.8 | )
Earnings in equity of subsidiaries |  | 115.2 |  |  | 2.6 |  |  | — |  |  | (117.8 | ) |  | — |
Net income |  | $ | 85.8 |  |  | $ | 104.0 |  |  | $ | 2.9 |  |  | $ | (106.9 | ) |  | $ | 85.8 |
Comprehensive income |  | $ | 144.8 |  |  | $ | 164.0 |  |  | $ | 1.9 |  |  | $ | (165.9 | ) |  | $ | 144.8 |
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS Year Ended December 31, 2014
|  | Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Cash flows from operating activities: |  |  |  |  |  |  |  |  |  |
Net cash provided by operating activities |  | $ | 35.6 |  |  | $ | 81.8 |  |  | $ | 6.7 |  |  | $ | — |  |  | $ | 124.1 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |
Capital expenditures |  | — |  |  | (56.4 | ) |  | (3.0 | ) |  | — |  |  | (59.4 | )
Purchase of available for sale securities |  | — |  |  | (93.5 | ) |  | — |  |  | — |  |  | (93.5 | )
Proceeds from disposition of available for sale securities |  | — |  |  | 108.2 |  |  | — |  |  | — |  |  | 108.2 |
Net cash used in investing activities |  | — |  |  | (41.7 | ) |  | (3.0 | ) |  | — |  |  | (44.7 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |
Payment of capital lease liability |  | — |  |  | (0.1 | ) |  | — |  |  | — |  |  | (0.1 | )
Excess tax benefit upon vesting of non-vested shares and dividend payment on unvested shares expected to vest |  | — |  |  | 0.8 |  |  | — |  |  | — |  |  | 0.8 |
Cancellation of shares to cover employees' tax withholdings upon vesting of non-vested shares |  | (2.4 | ) |  | — |  |  | — |  |  | — |  |  | (2.4 | )
Repurchase of common stock |  | (44.1 | ) |  | — |  |  | — |  |  | — |  |  | (44.1 | )
Cash dividend paid to stockholders |  | (25.4 | ) |  | — |  |  | — |  |  | — |  |  | (25.4 | )
Intercompany loan |  | 31.3 |  |  | (23.2 | ) |  | (8.1 | ) |  | — |  |  | — |
Net cash used in financing activities |  | (40.6 | ) |  | (22.5 | ) |  | (8.1 | ) |  | — |  |  | (71.2 | )
Net (decrease) increase in cash and cash equivalents during the period |  | (5.0 | ) |  | 17.6 |  |  | (4.4 | ) |  | — |  |  | 8.2 |
Cash and cash equivalents at beginning of period |  | 5.0 |  |  | 157.7 |  |  | 6.8 |  |  | — |  |  | 169.5 |
Cash and cash equivalents at end of period |  | $ | — |  |  | $ | 175.3 |  |  | $ | 2.4 |  |  | $ | — |  |  | $ | 177.7 |
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS Year Ended December 31, 2013
|  | Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Cash flows from operating activities: |  |  |  |  |  |  |  |  |  |
Net cash (used in) provided by operating activities 1 |  | $ | (29.2 | ) |  | $ | 131.7 |  |  | $ | 9.2 |  |  | $ | — |  |  | $ | 111.7 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |
Capital expenditures |  | — |  |  | (66.5 | ) |  | (3.9 | ) |  | — |  |  | (70.4 | )
Purchase of available for sale securities |  | — |  |  | (227.8 | ) |  | — |  |  | — |  |  | (227.8 | )
Proceeds from disposition of available for sale securities |  | — |  |  | 183.1 |  |  | — |  |  | — |  |  | 183.1 |
Change in restricted cash |  | — |  |  | 0.7 |  |  | 1.0 |  |  | — |  |  | 1.7 |
Net cash used in investing activities |  | — |  |  | (110.5 | ) |  | (2.9 | ) |  | — |  |  | (113.4 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |
Payment of capital lease liability |  | — |  |  | (0.1 | ) |  | — |  |  | — |  |  | (0.1 | )
Excess tax benefit upon vesting of non-vested shares and dividend payment on unvested shares expected to vest |  | — |  |  | 1.1 |  |  | — |  |  | — |  |  | 1.1 |
Cancellation of shares to cover employees' tax withholdings upon vesting of non-vested shares |  | (2.5 | ) |  | — |  |  | — |  |  | — |  |  | (2.5 | )
Repurchase of common stock |  | (78.3 | ) |  | — |  |  | — |  |  | — |  |  | (78.3 | )
Cash dividend paid to stockholders |  | (23.0 | ) |  | — |  |  | — |  |  | — |  |  | (23.0 | )
Cash dividend returned to the Company |  | 0.6 |  |  | — |  |  | — |  |  | — |  |  | 0.6 |
Intercompany loan |  | 132.4 |  |  | (130.5 | ) |  | (1.9 | ) |  | — |  |  | — |
Net cash provided by (used in) financing activities |  | 29.2 |  |  | (129.5 | ) |  | (1.9 | ) |  | — |  |  | (102.2 | )
Net (decrease) increase in cash and cash equivalents during the period |  | — |  |  | (108.3 | ) |  | 4.4 |  |  | — |  |  | (103.9 | )
Cash and cash equivalents at beginning of period |  | 5.0 |  |  | 266.0 |  |  | 2.4 |  |  | — |  |  | 273.4 |
Cash and cash equivalents at end of period |  | $ | 5.0 |  |  | $ | 157.7 |  |  | $ | 6.8 |  |  | $ | — |  |  | $ | 169.5 |
CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS Year Ended December 31, 2012
|  | Parent |  | Guarantor Subsidiaries |  | Non-Guarantor Subsidiaries |  | Consolidating Adjustments |  | Consolidated
Cash flows from operating activities: |  |  |  |  |  |  |  |  |  |
Net cash (used in) provided by operating activities |  | $ | (17.8 | ) |  | $ | 164.3 |  |  | $ | 5.9 |  |  | $ | — |  |  | $ | 152.4 |
Cash flows from investing activities: |  |  |  |  |  |  |  |  |  |
Capital expenditures |  | — |  |  | (42.6 | ) |  | (1.5 | ) |  | — |  |  | (44.1 | )
Purchase of available for sale securities |  | — |  |  | (85.0 | ) |  | — |  |  | — |  |  | (85.0 | )
Proceeds from disposal of property, plant and equipment |  | — |  |  | 0.3 |  |  | — |  |  | — |  |  | 0.3 |
Change in restricted cash |  | 6.9 |  |  | 0.4 |  |  | (0.4 | ) |  | — |  |  | 6.9 |
Net cash provided by (used in) investing activities |  | 6.9 |  |  | (126.9 | ) |  | (1.9 | ) |  | — |  |  | (121.9 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |  |
Proceeds from issuance of Senior Notes |  | 225.0 |  |  | — |  |  | — |  |  | — |  |  | 225.0 |
Payment of capital lease liability |  | — |  |  | (0.1 | ) |  | — |  |  | — |  |  | (0.1 | )
Repayment of promissory notes |  | — |  |  | (4.7 | ) |  | — |  |  | — |  |  | (4.7 | )
Cash paid for financing costs |  | (6.6 | ) |  | — |  |  | — |  |  | — |  |  | (6.6 | )
Excess tax benefit upon vesting of non-vested shares and dividend payment on unvested shares expected to vest |  | — |  |  | 1.3 |  |  | — |  |  | — |  |  | 1.3 |
Cancellation of shares to cover employees' tax withholdings upon vesting of non-vested shares |  | (2.2 | ) |  | — |  |  | — |  |  | — |  |  | (2.2 | )
Cash dividend paid to stockholders |  | (19.6 | ) |  | — |  |  | — |  |  | — |  |  | (19.6 | )
Intercompany loan |  | (185.7 | ) |  | 189.1 |  |  | (3.4 | ) |  | — |  |  | — |
Net cash provided by (used in) financing activities |  | 10.9 |  |  | 185.6 |  |  | (3.4 | ) |  | — |  |  | 193.1 |
Net increase in cash and cash equivalents during the period |  | — |  |  | 223.0 |  |  | 0.6 |  |  | — |  |  | 223.6 |
Cash and cash equivalents at beginning of period |  | 5.0 |  |  | 43.0 |  |  | 1.8 |  |  | — |  |  | 49.8 |
Cash and cash equivalents at end of period |  | $ | 5.0 |  |  | $ | 266.0 |  |  | $ | 2.4 |  |  | $ | — |  |  | $ | 273.4 |

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