XML 64 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Cash flows from operating activities:    
Consolidated net income $ 15.1 $ 11.7
Adjustments to reconcile consolidated net income to cash flows from operating activities:    
Depreciation and amortization 13.6 11.9
Amortization of deferred financing costs 0.2 0.1
Write-down of inventories to net realizable value 6.8 6.5
Stock-based compensation 1.9 1.8
Deferred income taxes (1.3) (4.2)
Other non-cash expense 1.8 0.6
Changes in operating assets and liabilities:    
Accounts receivable 28.9 (10.2)
Inventories (52.5) (44.2)
Accounts payable 10.8 14.3
Customer deposits 25.7 13.8
Other changes in operating assets and liabilities, net (46.2) (31.5)
Net cash provided by (used) in operating activities 4.8 (29.4)
Cash flows from investing activities:    
Acquisitions, net of cash acquired (21.7) (0.2)
Purchases of property, plant and equipment (10.8) (9.9)
Net cash used in investing activities (32.5) (10.1)
Cash flows from financing activities:    
Repayments of revolving lines of credit, net (216.5)  
Proceeds from Note Purchase Agreement 240.0  
Repayment of term debt and capital leases, net (7.8) (5.8)
Payment of deferred financing costs (1.4)  
Proceeds from issuance of common stock, net 1.8 2.5
Changes in restricted cash (1.3) (0.8)
Net cash provided by (used) in financing activities 14.8 (4.1)
Effect of exchange rate changes on cash and cash equivalents (3.6) 6.5
Net change in cash and cash equivalents (16.5) (37.1)
Cash and cash equivalents at beginning of period 246.0 230.4
Cash and cash equivalents at end of period $ 229.5 $ 193.3