XML 68 R80.htm IDEA: XBRL DOCUMENT v2.4.0.6
Guarantor and Non-Guarantor Financial Statements (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 3 Months Ended 9 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Dec. 31, 2011
Sep. 30, 2012
Parent
Sep. 30, 2011
Parent
Sep. 30, 2012
Parent
Sep. 30, 2011
Parent
Dec. 31, 2011
Parent
Sep. 30, 2012
Guarantor Subsidiaries
Sep. 30, 2011
Guarantor Subsidiaries
Sep. 30, 2012
Guarantor Subsidiaries
Sep. 30, 2011
Guarantor Subsidiaries
Dec. 31, 2011
Guarantor Subsidiaries
Sep. 30, 2012
Non-Guarantor Subsidiaries
Sep. 30, 2011
Non-Guarantor Subsidiaries
Sep. 30, 2012
Non-Guarantor Subsidiaries
Sep. 30, 2011
Non-Guarantor Subsidiaries
Dec. 31, 2011
Non-Guarantor Subsidiaries
Sep. 30, 2012
Consolidating Adjustments
Sep. 30, 2011
Consolidating Adjustments
Sep. 30, 2012
Consolidating Adjustments
Sep. 30, 2011
Consolidating Adjustments
Dec. 31, 2011
Consolidating Adjustments
Sep. 30, 2012
Senior Notes
May 23, 2012
Senior Notes
Condensed Financial Statements                                                      
Debt Instrument, Face Amount                                                     $ 225.0
Current assets:                                                      
Cash and cash equivalents 255.6 23.6 255.6 23.6   5.0 5.1 5.0 5.1   250.0 17.8 250.0 17.8   0.6 0.7 0.6 0.7   0 0 0 0      
Short-term investments 79.9   79.9   0 0   0     79.9   79.9     0   0     0   0        
Receivables                                                      
Trade, less allowance for doubtful receivables 156.4   156.4   98.9 0   0   0 151.7   151.7   96.0 4.7   4.7   2.9 0   0   0    
Intercompany receivables 0   0   0 0   0   0 0.2   0.2   2.3 0.3   0.3   0.2 (0.5)   (0.5)   (2.5)    
Other 1.7   1.7   1.2 0   0   0 1.5   1.5   0.8 0.2   0.2   0.4 0   0   0    
Inventories 189.0   189.0   205.7 0   0   0 181.9   181.9   196.6 7.1   7.1   9.1 0   0   0    
Prepaid expenses and other current assets 73.1   73.1   78.9 0.1   0.1   6.9 72.2   72.2   71.0 0.8   0.8   1.0 0   0   0    
Total current assets 755.7   755.7   434.5 5.1   5.1   11.9 737.4   737.4   409.7 13.7   13.7   15.4 (0.5)   (0.5)   (2.5)    
Investments in and advances to unconsolidated affiliates 0   0   0 1,209.4   1,209.4   1,036.9 8.1   8.1   5.8 0   0   0 (1,217.5)   (1,217.5)   (1,042.7)    
Property, plant, and equipment - net 374.7   374.7   367.8 0   0   0 362.3   362.3   355.9 12.4   12.4   11.9 0   0   0    
Long-term intercompany receivables 0   0   0 182.4   182.4   0 0.5   0.5   22.0 7.4   7.4   2.5 (190.3)   (190.3)   (24.5)    
Net asset in respect of VEBA 266.9   266.9   144.7 0   0   0 266.9   266.9   144.7 0   0   0 0   0   0    
Deferred tax assets - net 139.7   139.7   226.9 0   0   0 131.6   131.6   218.9 (0.6)   (0.6)   (0.6) 8.7   8.7   8.6    
Intangible assets - net 35.9   35.9   37.2 0   0   0 35.9   35.9   37.2 0   0   0 0   0   0    
Goodwill 37.2   37.2   37.2 0   0   0 37.2   37.2   37.2 0   0   0 0   0   0    
Other assets 84.2   84.2   72.3 61.3   61.3   50.2 19.9   19.9   19.2 3.2   3.2   2.9 (0.2)   (0.2)   0    
Total 1,694.3   1,694.3   1,320.6 1,458.2   1,458.2   1,099.0 1,599.8   1,599.8   1,250.6 36.1   36.1   32.1 (1,399.8)   (1,399.8)   (1,061.1)    
Current liabilities:                                                      
Accounts payable 66.0   66.0   62.2 0.3   0.3   0 58.5   58.5   57.1 7.2   7.2   5.1 0   0   0    
Intercompany payable 0   0   0 0   0   0 0.3   0.3   0.2 0.2   0.2   2.3 (0.5)   (0.5)   (2.5)    
Accrued salaries, wages, and related expenses 35.5   35.5   30.9 0   0   0 33.0   33.0   28.7 2.5   2.5   2.2 0   0   0    
Other accrued liabilities 41.9   41.9   41.0 10.6   10.6   2.2 30.9   30.9   38.0 0.4   0.4   0.8 0   0   0    
Payable to affiliate 14.0   14.0   14.4 0   0   0 14.0   14.0   14.4 0   0   0 0   0   0    
Long-term debt-current portion 0   0   1.3         0         1.3         0         0    
Total current liabilities 157.4   157.4   149.8 10.9   10.9   2.2 136.7   136.7   139.7 10.3   10.3   10.4 (0.5)   (0.5)   (2.5)    
Net liability in respect of VEBA 19.9   19.9   20.6 0   0   0 19.9   19.9   20.6 0   0   0 0   0   0    
Long-term Intercompany payables 0   0   0 0   0   22.0 189.8   189.8   2.5 0.5   0.5   0 (190.3)   (190.3)   (24.5)    
Long-term liabilities 128.3   128.3   126.0 58.6   58.6   54.0 49.9   49.9   53.5 19.8   19.8   18.5 0   0   0    
Long-term debt 378.4   378.4   151.4 378.4   378.4   148.0 0   0   3.4 0   0   0 0   0   0    
Total liabilities 684.0   684.0   447.8 447.9   447.9   226.2 396.3   396.3   219.7 30.6   30.6   28.9 (190.8)   (190.8)   (27.0)    
Total stockholders' equity 1,010.3   1,010.3   872.8 1,010.3   1,010.3   872.8 1,203.5   1,203.5   1,030.9 5.5   5.5   3.2 (1,209.0)   (1,209.0)   (1,034.1)    
Total 1,694.3   1,694.3   1,320.6 1,458.2   1,458.2   1,099.0 1,599.8   1,599.8   1,250.6 36.1   36.1   32.1 (1,399.8)   (1,399.8)   (1,061.1)    
CONDENSED CONSOLIDATING STATEMENT OF COMPREHENSIVE INCOME                                                      
Net sales 335.5 322.3 1,046.1 983.7   0 0 0 0   328.6 316.2 1,019.1 957.8   32.0 38.0 96.7 108.6   (25.1) (31.9) (69.7) (82.7)      
Cost of products sold:                                                      
Cost of products sold, excluding depreciation and amortization 256.6 297.7 836.1 878.6   0 0 0 0   251.4 293.3 815.7 858.1   29.7 36.0 88.6 102.0   (24.5) (31.6) (68.2) (81.5)      
Restructuring benefits 0 (0.3) 0 (0.3)     0   0     (0.3)   (0.3)     0   0     0   0      
Depreciation and amortization 6.7 6.2 19.6 18.9   0 0 0 0   6.4 6.0 18.8 18.2   0.3 0.2 0.8 0.7   0 0 0 0      
Selling, administrative, research and development, and general 16.0 13.7 48.3 47.3   0.4 0.2 1.7 1.5   14.0 13.9 45.2 41.6   2.1 (0.1) 2.8 5.4   (0.5) (0.3) (1.4) (1.2)      
Other operating charges (benefits), net 0 0.1 0.1 (0.2)   0 0 0 0   0 0 0.1 0.1   0 0.1 0 (0.3)   0 0 0 0      
Total costs and expenses 279.3 317.4 904.1 944.3   0.4 0.2 1.7 1.5   271.8 312.9 879.8 917.7   32.1 36.2 92.2 107.8   (25.0) (31.9) (69.6) (82.7)      
Operating income (loss) 56.2 4.9 142.0 39.4   (0.4) (0.2) (1.7) (1.5)   56.8 3.3 139.3 40.1   (0.1) 1.8 4.5 0.8   (0.1) 0 (0.1) 0      
Other (expense) income:                                                      
Interest expense (9.2) (4.3) (19.8) (13.2)   (9.0) (4.0) (19.2) (11.7)   (0.2) (0.3) (0.6) (1.5)   0 0 0 0   0 0 0 0      
Other income (expense), net 0.4 3.9 2.2 2.2   0 4.1 1.2 2.2   0.3 0.1 0.8 0.3   0.1 (0.3) 0.2 (0.3)   0 0 0 0      
Income (loss) before income taxes 47.4 4.5 124.4 28.4   (9.4) (0.1) (19.7) (11.0)   56.9 3.1 139.5 38.9   0 1.5 4.7 0.5   (0.1) 0 (0.1) 0      
Income tax (provision) benefit (18.2) (0.4) (47.7) (9.4)   0 0 0 0   (21.6) (1.2) (53.1) (14.2)   (0.6) 1.2 (2.0) 0.1   4.0 (0.4) 7.4 4.7      
Earnings (losses) in equity of subsidiaries 0 0 0 0   38.6 4.2 96.4 30.0   (0.7) 2.6 2.6 0.5   0 0 0 0   (37.9) (6.8) (99.0) (30.5)      
Net income 29.2 4.1 76.7 19.0 [1]   29.2 4.1 76.7 19.0   34.6 4.5 89.0 25.2   (0.6) 2.7 2.7 0.6   (34.0) (7.2) (91.7) (25.8)      
Comprehensive income (loss) 30.1 5.2 80.2 21.3 [1]   30.1 5.2 80.2 21.3   36.0 4.8 92.9 27.0   (1.1) 3.5 2.3 1.1   (34.9) (8.3) (95.2) (28.1)      
Cash flows from operating activities:                                                      
Net cash provided by operating activities     106.7 20.8       (208.4) 15.3       314.8 5.0       0.3 0.5       0 0      
Cash flows from investing activities:                                                      
Capital expenditures (8.8) (8.8) (25.7) (22.9)       0 0       (24.6) (22.1)       (1.1) (0.8)       0 0      
Purchase of available for sale securities     (80.0) (0.2)       0 0       (80.0) (0.2)       0 0       0 0      
Cash payment for acquisition of manufacturing facility and related assets (net of $4.9 of cash received in connection with the acquisition in 2011)     0 (83.2)         0         (83.2)         0         0      
Change in restricted cash     6.8 (1.1)       6.9 0       0.3 (1.1)       (0.4) 0       0 0      
Net cash provided by (used in) investing activities     (98.9) (107.4)       6.9 0       (104.3) (106.6)       (1.5) (0.8)       0 0      
Cash flows from financing activities:                                                      
Repayments of capital lease     (0.1) (0.1)       0 0       (0.1) (0.1)       0 0       0 0      
Proceeds from issuance of senior notes     225.0 0       225.0         0         0         0        
Cash paid for financing costs     (6.6) (2.1)       (6.6) 0       0 (2.1)       0 0       0 0   (6.6)  
Repayment of promissory notes     (4.7) (8.0)       0 0       (4.7) (8.0)       0 0       0 0      
Excess tax benefit upon vesting of non-vested shares and dividend payment on unvested shares expected to vest     1.3 0       0         1.3         0         0        
Repurchase of common stock to cover employees' tax withholdings upon vesting of non-vested shares     (2.2) (1.1)       (2.2) (1.1)       0 0       0 0       0 0      
Cash dividend paid to stockholders     (14.7) (14.1)       (14.7) (14.1)       0 0       0 0       0 0      
Net cash provided by (used in) financing activities     198.0 (25.4)       201.5 (15.2)       (3.5) (10.2)       0 0       0 0      
Net increase (decrease) in cash and cash equivalents during the period     205.8 (112.0)       0 0.1       207.0 (111.8)       (1.2) (0.3)       0 0      
Cash and cash equivalents at beginning of period     49.8 135.6       5.0 5.0       43.0 129.6       1.8 1.0       0 0      
Cash and cash equivalents at end of period $ 255.6 $ 23.6 $ 255.6 $ 23.6   $ 5.0 $ 5.1 $ 5.0 $ 5.1   $ 250.0 $ 17.8 $ 250.0 $ 17.8   $ 0.6 $ 0.7 $ 0.6 $ 0.7   $ 0 $ 0 $ 0 $ 0      
[1] Total comprehensive income and components of other comprehensive income (loss) were previously included in the Statement of Stockholders' Equity for interim reporting periods prior to 2012. The Company adopted ASU No. 2011-05, Comprehensive Income (Topic 220): Presentation of Comprehensive Income, beginning with the annual period ended December 31, 2011 and presented the Statement of Comprehensive Income as its own separate statement. As such, the "Previously Reported" column reflects the changes in the presentation.