XML 56 R9.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Millions, unless otherwise specified
6 Months Ended
Jul. 06, 2013
Jun. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (loss) income $ (2.3) $ 7.4
Adjustments to reconcile net (loss) income to net cash provided by operating activities, net of acquisitions:    
Amortization of restricted stock 14.6 13.3
Depreciation and other amortization 43.1 44.5
Impairment losses 6.8 0.4
Losses on disposal of property, plant and equipment 1.7 2.8
Adjustments to acquisition consideration payable 0.3 19.4
Equity in income of unconsolidated affiliate (0.1) (1.3)
Deferred taxes 2.9 (7.4)
Fair value adjustments related to interest rate swaps and cap 0 1.4
Other items, net 8.5 (0.4)
Changes in operating assets and liabilities:    
Accounts receivable 65.3 22.2
Inventories (60.0) 24.1
Prepaid expenses and other current assets (8.1) (21.1)
Other assets 3.7 8.1
Accounts payable (5.6) (3.8)
Income taxes payable/ prepaid income taxes (11.0) 6.7
Accrued expenses and other current liabilities (30.6) (10.6)
Acquisition consideration payable (20.5) (0.8)
Other liabilities (6.9) 19.1
Total adjustments 4.1 116.6
Net cash provided by operating activities 1.8 124.0
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (29.3) (38.2)
Notes receivable issued (6.5) 0
Payments related to acquisition of Brian Atwood (0.5) 0
Contingent consideration paid related to investment in GRI    (3.5)
Other 0.4 (0.1)
Net cash used in investing activities (35.9) (41.8)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Costs related to secured revolving credit agreement (0.3) (0.3)
Dividends paid (7.8) (7.9)
Repurchases of common shares (14.5) (29.0)
Payments of acquisition consideration payable (9.4) (7.5)
Other items, net (1.5) 1.0
Net cash used in financing activities (33.5) (43.7)
EFFECT OF EXCHANGE RATES ON CASH (1.0) (0.2)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (68.6) 38.3
CASH AND CASH EQUIVALENTS, BEGINNING 149.6 238.8
CASH AND CASH EQUIVALENTS, ENDING $ 81.0 $ 277.1