XML 18 R5.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Consolidated net income $ 38.4 $ 30.0
Adjustments to reconcile consolidated net income to cash flows from operating activities:    
Depreciation and amortization 26.7 26.7
Write-down of demonstration inventories to net realizable value 8.5 9.9
Stock-based compensation expense 4.3 3.6
Deferred income taxes (4.0) (0.6)
Loss on disposal of product line   0.2
Other non-cash expenses, net 9.0 0.9
Changes in operating assets and liabilities, net of acquisitions and divestitures:    
Accounts receivable 30.3 42.6
Inventories (60.0) (38.9)
Accounts payable and accrued expenses (12.3) (7.3)
Income taxes payable, net (31.4) (16.7)
Deferred revenue 5.4 (1.1)
Customer advances (6.4) (7.4)
Other changes in operating assets and liabilities, net (4.4) (16.4)
Net cash provided by operating activities 4.1 25.5
Cash flows from investing activities:    
Purchases of short-term investments (33.1) (49.1)
Maturities of short-term investments 50.1 40.3
Cash paid for acquisitions, net of cash acquired (1.2)  
Purchases of property, plant and equipment (17.2) (13.4)
Proceeds from sales of property, plant and equipment 0.9 0.7
Net cash used in investing activities (0.5) (21.5)
Cash flows from financing activities:    
Proceeds from revolving lines of credit 77.0 10.0
Proceeds (repayment) of other debt, net 0.2 (0.2)
Proceeds from issuance of common stock, net 9.6 6.2
Payment of contingent consideration   (3.0)
Repurchase of common stock (117.6) (17.2)
Changes in restricted cash 0.7 1.4
Payment of dividends (13.0)  
Cash payments to noncontrolling interest   (0.5)
Excess tax benefits related to stock option awards 0.3 2.2
Net cash used in financing activities (42.8) (1.1)
Effect of exchange rate changes on cash and cash equivalents 4.6 (1.6)
Net change in cash and cash equivalents (34.6) 1.3
Cash and cash equivalents at beginning of period 267.1 319.5
Cash and cash equivalents at end of period $ 232.5 $ 320.8