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Fair Value of Financial Instruments (Tables)
 3 Months Ended
Mar. 31, 2014
Fair Value of Financial Instruments  
Schedule of financial instruments measured at fair value on a recurring basis

The following table sets forth the Company’s financial instruments that are measured at fair value on a recurring basis and presents them within the fair value hierarchy using the lowest level of input that is significant to the fair value measurement at March 31, 2014 and December 31, 2013 (in millions):

 

March 31, 2014 

 

Total

 

Quoted Prices
in Active
Markets
Available
(Level 1)

 

Significant
Other
Observable
Inputs
(Level 2)

 

Significant
Unobservable
Inputs
(Level 3)

 

Assets:

 

 

 

 

 

 

 

 

 

Cash equivalents

 

$

6.8

 

$

6.8

 

$

—

 

$

—

 

Restricted cash

 

2.8

 

2.8

 

—

 

—

 

Foreign exchange contracts

 

1.7

 

—

 

1.7

 

—

 

Embedded derivatives in purchase and delivery contracts

 

0.2

 

—

 

0.2

 

—

 

Long-term restricted cash

 

4.1

 

4.1

 

—

 

—

 

Total assets recorded at fair value

 

$

15.6

 

$

13.7

 

$

1.9

 

$

—

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

 

Contingent consideration

 

$

7.0

 

$

—

 

$

—

 

$

7.0

 

Embedded derivatives in purchase and delivery contracts

 

0.4

 

—

 

0.4

 

—

 

Fixed price commodity contracts

 

0.1

 

—

 

0.1

 

—

 

Total liabilities recorded at fair value

 

$

7.5

 

$

—

 

$

0.5

 

$

7.0

 

 

December 31, 2013 

 

Total

 

Quoted Prices
in Active
Markets
Available
(Level 1)

 

Significant
Other
Observable
Inputs
(Level 2)

 

Significant
Unobservable
Inputs
(Level 3)

 

Assets:

 

 

 

 

 

 

 

 

 

Cash equivalents

 

$

6.8

 

$

6.8

 

$

—

 

$

—

 

Restricted cash

 

2.7

 

2.7

 

—

 

—

 

Foreign exchange contracts

 

2.3

 

—

 

2.3

 

—

 

Embedded derivatives in purchase and delivery contracts

 

0.2

 

—

 

0.2

 

—

 

Fixed price commodity contracts

 

0.1

 

—

 

0.1

 

—

 

Long-term restricted cash

 

4.0

 

4.0

 

—

 

—

 

Total assets recorded at fair value

 

$

16.1

 

$

13.5

 

$

2.6

 

$

—

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

 

Contingent consideration

 

$

7.0

 

$

—

 

$

—

 

$

7.0

 

Embedded derivatives in purchase and delivery contracts

 

0.4

 

—

 

0.4

 

—

 

Total liabilities recorded at fair value

 

$

7.4

 

$

—

 

$

0.4

 

$

7.0