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Consolidated Statements of Cash Flows
$ in Millions
12 Months Ended
Oct. 31, 2016
USD ($)
Oct. 31, 2015
USD ($)
Oct. 31, 2014
USD ($)
Cash flows from operating activities      
Net income $ 57.2 $ 76.3 $ 75.6
Net loss (income) from discontinued operations 5.1 (22.2) [1] (8.7)
Income from continuing operations 62.3 54.1 66.9
Adjustments to reconcile income from continuing operations to net cash provided by operating activities of continuing operations      
Depreciation and amortization 57.5 [2] 57.0 [2] 56.4 [2]
Impairment loss 22.5 0.0 0.0
Deferred income taxes (3.7) 8.1 2.2
Share-based compensation expense 14.0 14.2 15.8
Provision for bad debt 12.9 2.7 2.9
Discount accretion on insurance claims 0.3 0.3 0.4
Gain on sale of assets (0.2) (0.1) (1.2)
Income from unconsolidated affiliates, net (7.6) (9.0) (6.5)
Distributions from unconsolidated affiliates 8.2 6.5 5.6
Changes in operating assets and liabilities, net of effects of acquisitions:      
Trade accounts receivable (80.9) (55.9) (39.4)
Prepaid expenses and other current assets 0.0 (1.4) (5.0)
Other noncurrent assets (29.5) 1.7 15.6
Trade accounts payable and other accrued liabilities 15.4 44.3 3.7
Insurance claims 33.6 37.4 (8.7)
Income taxes payable 0.5 (14.2) 8.3
Other noncurrent liabilities 5.2 (0.2) (1.4)
Total adjustments 48.2 91.4 48.7
Net cash provided by operating activities of continuing operations 110.5 145.5 115.6
Net cash (used in) provided by operating activities of discontinued operations (27.0) [3] 0.9 [3] 5.6 [3]
Net cash provided by operating activities 83.5 146.4 121.2
Cash flows from investing activities      
Additions to property, plant and equipment (44.0) (26.5) (37.4)
Proceeds from sale of assets 3.3 5.3 3.6
Purchase of businesses, net of cash acquired (96.0) (19.2) (48.2)
Proceeds from redemption of auction rate security 5.0 0.0 0.0
Investments in unconsolidated affiliates 0.0 (0.1) 0.0
Net cash used in investing activities of continuing operations (131.7) (40.5) (82.0)
Net cash (used in) provided by investing activities of discontinued operations (3.1) 130.9 0.0
Net cash (used in) provided by investing activities (134.8) 90.4 (82.0)
Cash flows from financing activities      
Proceeds from issuance of share-based compensation awards, net of taxes withheld 5.3 15.4 10.0
Incremental tax benefit from share-based compensation awards 0.0 2.3 5.1
Repurchases of common stock (46.6) (31.4) (20.0)
Dividends paid (36.9) (36.0) (34.6)
Deferred financing costs paid (0.1) (0.9) (1.2)
Borrowings from line of credit 1,052.3 958.3 1,089.1
Repayment of borrowings from line of credit (942.0) (1,120.1) (1,084.2)
Changes in book cash overdrafts 0.7 (7.3) 6.6
Financing of energy savings performance contracts 22.6 5.2 0.0
Repayment of capital lease obligations (1.2) (2.4) (5.4)
Payment of contingent consideration (1.5) 0.0 0.0
Net cash provided by (used in) financing activities 52.6 (216.9) (34.6)
Effect of exchange rate changes on cash and cash equivalents (3.3) (1.1) (0.5)
Net (decrease) increase in cash and cash equivalents (2.0) 18.8 4.1
Cash and cash equivalents at beginning of year 55.5 36.7 32.6
Cash and cash equivalents at end of year 53.5 55.5 36.7
Less: Cash and cash equivalents held for sale (2.5) 0.0 0.0
Cash and cash equivalents 56.0 55.5 36.7
Supplemental data      
Cash paid for income taxes, net of refunds received 12.6 23.7 32.9
Interest paid on line of credit $ 4.4 $ 6.0 $ 6.2
[1] Includes a $1.6 million unfavorable legal settlement related to our former Lighting segment, which we disposed of in 2008.
[2] Excludes amortization related to income from unconsolidated affiliates.
[3] During 2016, we paid $20.0 million in taxes in connection with the sale of our Security business.