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Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2012
Financial Instruments  
Carrying amount and estimated fair market value of the company's long-term debt, including current portion

 

 

 
  December 31,  
 
  2012   2011  
 
  (in millions)
 

Carrying amount

  $ 384.6   $ 399.4  

Estimated fair value

  $ 420.8   $ 440.5  
Schedule of fair value of financial assets and liabilities

 

 

 
  Fair Value Measurements at December 31, 2012 Using:  
 
   
  Quoted Prices in Active
Markets for Identical
Assets
  Significant Other
Observable
Inputs
  Significant
Unobservable
Inputs
 
 
  Total   (Level 1)   (Level 2)   (Level 3)  
 
  (in millions)
 

Assets

                         

Plan asset for deferred compensation(1)

  $ 4.2   $ 4.2   $   $  
                   

Total assets

  $ 4.2   $ 4.2   $   $  
                   

Liabilities

                         

Plan liability for deferred compensation(2)

  $ 4.2   $ 4.2   $   $  

Contingent consideration(2)

    5.2             5.2  
                   

Total liabilities

  $ 9.4   $ 4.2   $   $ 5.2  
                   


 

 
  Fair Value Measurements at December 31, 2011 Using:  
 
   
  Quoted Prices in Active
Markets for Identical
Assets
  Significant Other
Observable
Inputs
  Significant
Unobservable
Inputs
 
 
  Total   (Level 1)   (Level 2)   (Level 3)  
 
  (in millions)
 

Assets

                         

Plan asset for deferred compensation(1)

  $ 4.0   $ 4.0   $   $  
                   

Total assets

  $ 4.0   $ 4.0   $   $  
                   

Liabilities

                         

Plan liability for deferred compensation(2)

  $ 4.0   $ 4.0   $   $  

Contingent consideration(2)

    1.1             1.1  
                   

Total liabilities

  $ 5.1   $ 4.0   $   $ 1.1  
                   

(1)
Included in other, net on the Company's consolidated balance sheet.

(2)
Included in other noncurrent liabilities on the Company's consolidated balance sheet.
Summary of the changes in fair value of all financial assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3)

 The table below provides a summary of the changes in fair value of all financial assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the period December 31, 2011 to December 31, 2012.

 
   
   
  Total realized and
unrealized gains
(losses) included in:
   
 
 
  Balance
December 31,
2011
  Purchases,
sales,
settlements, net
  Earnings   Comprehensive
income
  Balance
December 31,
2012
 
 
  (in millions)
 

Contingent consideration

  $ 1.1   $ 5.1   $ (1.0 ) $   $ 5.2  

        

Schedule of future minimum lease payments under capital leases and non-cancelable operating leases

Future minimum lease payments under capital leases and non-cancelable operating leases as of December 31, 2012 are as follows:

 
  Capital Leases   Operating Leases  
 
  (in millions)
 

2013

  $ 1.5   $ 9.5  

2014

    1.3     7.4  

2015

    1.4     5.2  

2016

    1.4     2.5  

2017

    1.4     0.7  

Thereafter

    4.0     2.3  
           

Total

  $ 11.0   $ 27.6  
             

Less amount representing interest (at rates ranging from 4.2% to 8.7%)

    1.2        
             

Present value of net minimum capital lease payments

    9.8        

Less current installments of obligations under capital leases

    1.2        
             

Obligations under capital leases, excluding current installments

  $ 8.6        
             

        

Schedule of carrying amounts of assets under capital lease

 

 

 
  December 31,  
 
  2012   2011  
 
  (in millions)
 

Buildings

  $ 16.8   $ 16.5  

Machinery and equipment

    1.2     2.1  
           

 

    18.0     18.6  

Less accumulated depreciation

    (3.9 )   (4.8 )
           

 

  $ 14.1   $ 13.8