DERIVATIVES (Tables)

12 Months Ended

Dec. 31, 2013

During 2013, we entered into various interest rate swap transactions to effectively convert a portion of our 2019 Notes to variable-rate debt. Under the terms of the transactions, we are required to make semiannual variable-rate payments to the counterparties (which are reset in arrears on each payment date) as shown in the table below, and the counterparties are obligated to make semiannual fixed-rate payments to us of 6.875%. The swap transactions all have a termination date of March 15, 2019, the date the 2019 Notes mature.

Date of transaction	Effective date	Number of swaps		Amount of 2019 Notes hedged (in millions)		Variable rate payments
July 17, 2013	July 19, 2013		3	$	90.0	Six-month LIBOR + 4.75%
August 13, 2013	August 15, 2013		3		90.0	Six-month LIBOR + 4.5925%
August 19, 2013	August 21, 2013		3		75.0	Six-month LIBOR + 4.4275%
September 5, 2013	September 9, 2013		3		70.0	Six-month LIBOR + 4.2425%

Increases in Interest Expense Related to Ineffectiveness of Swaps and Changes in Fair Value of Cap

We recorded net increases in interest expense related to the ineffectiveness of the swaps and the changes in the fair value of the cap as follows.

Year Ended December 31,	2013		2012		2011
(In millions)
Interest rate swaps	$	1.1	$	1.3	$	1.0
Interest rate cap		-		0.2		1.1
Net increase in interest expense	$	1.1	$	1.5	$	2.1

Notional Amounts of Foreign Exchange Contracts

The notional amounts of our foreign exchange contracts outstanding at December 31, 2013, 2012 and 2011 are as follows. For additional information, see "Fair Values."

(In millions)	Notional Amounts
December 31,	2013		2012		2011
Canadian Dollar – U.S. Dollar forward exchange contracts	US$4.7		US$16.1		US$5.3
British Pound – U.S. Dollar forward exchange contract		-	£	6.0		-

Fair Values of Derivative Instruments

(In millions)	December 31, 2013			December 31, 2012
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Derivatives designated as hedging instruments
Interest rate swap contracts	Other long-term assets	$	1.1		$	-
Foreign exchange contracts	Prepaid expenses and other current assets		-	Prepaid expenses and other current assets		0.2
Total derivative assets		$	1.1		$	0.2
Interest rate swap contracts	Other long-term liabilities	$	1.6		$	-
Total derivative liabilities		$	1.6		$	-
Derivatives not designated as hedging instruments
Interest rate cap contract	Other long-term assets	$	-	Other long-term assets	$	-
Total derivative assets		$	-		$	-

Designated as Hedging Instrument [Member]

Derivative Instruments, Gain (Loss) [Line Items]

Effect of Derivatives on the Statement of Operations

Effect of Derivatives on the Statement of Operations - Derivatives Designated as Hedging Instruments

(In millions)		Amount of Pretax Gain (Loss) due to Ineffectiveness Recognized in Income
Derivative type	Location of Pretax Gain (Loss) due to Ineffectiveness Recognized in Income	2013				2012				2011
Interest rate swap contracts	Interest expense		$	(1.1	)		$	(1.3	)		$	(1.0	)

(In millions)	Amount of Pretax Gain (Loss) Recognized in Other Comprehensive Income							Location of Pretax Loss Reclassified from Other Comprehensive Income into Income	Amount of Pretax Gain (Loss) Reclassified from Other Comprehensive Income into Income
Derivative type	2013		2012		2011				2013		2012			2011
Foreign exchange contracts	$	0.7	$	0.1	$	(0.3	)	Cost of sales	$	0.8	$	(0.1	)	$	(0.8	)

Not Designated as Hedging Instrument [Member]

Derivative Instruments, Gain (Loss) [Line Items]

Effect of Derivatives on the Statement of Operations

Effect of Derivatives on the Statement of Operations - Derivatives Not Designated as Hedging Instruments

(In millions)		Amount of Pretax Gain (Loss) Recognized in Income
Derivative type	Location of Pretax Gain (Loss) Recognized in Income	2013				2012				2011
Interest rate cap contract	Interest expense		$	-			$	(0.2	)		$	(1.1	)
British Pound – U.S. Dollar forward contract	Selling, general and administrative expenses			(0.2	)			-				-