XML 55 R9.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENT OF CASH FLOWS (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net (loss) income $ (19.7) $ (55.0) $ 51.5
Adjustments to reconcile net (loss) income to net cash provided by operating activities, net of acquisitions:      
Amortization of restricted stock 23.3 19.7 16.7
Depreciation and other amortization 87.6 90.1 88.1
Goodwill impairment 49.9 47.6   
Trademark impairments 7.2 21.5 31.5
Other impairment losses 8.6 6.7 10.6
Adjustments to acquisition consideration payable 0.2 84.4 11.9
Equity in income of unconsolidated affiliate (0.6) (2.5) (3.9)
Provision for losses on accounts receivable 0.6 0.3 1.3
Deferred taxes 5.3 (26.4) 17.9
Fair value adjustments related to interest rate swaps and cap 1.1 1.3 2.1
Write-off of deferred financing fees     1.9
Gain on sale of trademark   (3.1)  
Other items, net 2.1 (0.4) 6.1
Changes in operating assets and liabilities:      
Accounts receivable 34.8 (29.4) 22.3
Inventories (55.1) 7.6 25.7
Prepaid expenses and other current assets (8.7) (4.9) 1.3
Accounts payable (5.2) 18.2 (5.7)
Income taxes payable/prepaid income taxes (8.5) (0.4) 7.2
Accrued expenses and other current liabilities (4.4) 7.9 (21.2)
Acquisition consideration payable (20.5) (94.6) (5.3)
Other assets and liabilities (5.6) 24.1 11.7
Total adjustments 112.1 167.7 220.2
Net cash provided by operating activities 92.4 112.7 271.7
CASH FLOWS FROM INVESTING ACTIVITIES:      
Acquisition of KG Group Holdings, net of cash acquired     (143.1)
Acquisition of Moda Nicola International     (2.5)
Acquisition of Brian Atwood, net of cash acquired (0.5) (4.4)  
Contingent consideration paid related to investment in GRI Group Limited   (3.5)  
Acquisition of additional equity interest in GRI Group Limited (14.7)    
Capital expenditures (58.7) (76.5) (98.0)
Notes receivable issued (7.6)    
Proceeds from sale of trademark   5.0  
Other items, net 0.1 (0.1) 0.1
Net cash used in investing activities (81.4) (79.5) (243.5)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Issuance of 6.875% Senior Notes due 2019   103.5 300.0
Debt issuance costs   (2.6) (6.6)
Costs related to secured revolving credit agreement (0.3) (0.3) (3.3)
Repayment of acquired debt of KG Group Holdings     (174.1)
Repayment of long-term debt (0.1) (0.1) (0.1)
Distributions to noncontrolling interests (1.1) (1.0) (0.7)
Payments of acquisition consideration payable (9.4) (163.9) (10.1)
Repurchases of common stock (14.5) (44.0) (78.0)
Dividends paid (15.4) (15.5) (16.6)
Principal payments on capital leases (2.1) (1.9) (1.7)
Excess tax benefits from share-based payment arrangements 0.1 2.3 1.6
Net cash (used in) provided by financing activities (42.8) (123.5) 10.4
EFFECT OF EXCHANGE RATES ON CASH (1.4) 1.1 (0.6)
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (33.2) (89.2) 38.0
CASH AND CASH EQUIVALENTS, BEGINNING 149.6 238.8 200.8
CASH AND CASH EQUIVALENTS, ENDING $ 116.4 $ 149.6 $ 238.8