Consolidated and Combined Statements of Cash Flows - USD ($)
$ in Millions |
12 Months Ended |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
| OPERATING ACTIVITIES |
|
|
|
| Net earnings |
$ 59.1
|
$ 104.3
|
$ 57.4
|
| Adjustments to reconcile net earnings to net cash provided by operating activities: |
|
|
|
| Impairment charges |
0.0
|
0.0
|
1.7
|
| Depreciation and amortization |
43.3
|
41.7
|
40.7
|
| Provision for doubtful accounts receivable |
3.1
|
0.5
|
1.4
|
| Share-based compensation |
2.5
|
1.6
|
2.1
|
| Deferred income taxes |
(5.9)
|
10.2
|
(12.9)
|
| Changes in uncertain tax positions |
0.9
|
0.3
|
(0.3)
|
| Gain on investments and other assets - net |
0.1
|
0.0
|
(9.0)
|
| Net pension and other postretirement benefits plan income |
(1.0)
|
0.0
|
0.0
|
| Loss on pension settlement |
0.0
|
0.0
|
95.7
|
| Other |
1.0
|
0.2
|
0.7
|
| Changes in operating assets and liabilities - net of acquisitions: |
|
|
|
| Accounts receivable - net |
(43.1)
|
(10.2)
|
3.9
|
| Inventories |
(1.9)
|
0.2
|
0.9
|
| Prepaid expenses and other current assets |
(7.4)
|
0.9
|
(1.1)
|
| Accounts payable |
42.3
|
5.1
|
(6.0)
|
| Income taxes payable and receivable |
(3.6)
|
(0.7)
|
1.5
|
| Accrued liabilities and other |
16.6
|
(33.2)
|
(51.4)
|
| Net cash provided by operating activities |
106.0
|
120.9
|
125.3
|
| INVESTING ACTIVITIES |
|
|
|
| Capital expenditures |
(26.2)
|
(27.1)
|
(28.8)
|
| Acquisition of business, net of cash acquired |
0.0
|
0.0
|
(6.0)
|
| Proceeds from sales of other assets |
0.0
|
0.0
|
5.3
|
| Purchases of investments |
(3.5)
|
(10.0)
|
0.0
|
| Other investing activities |
0.4
|
0.0
|
0.0
|
| Net cash used in investing activities |
(29.3)
|
(37.1)
|
(29.5)
|
| FINANCING ACTIVITIES |
|
|
|
| Proceeds from issuance of long-term debt |
348.2
|
0.0
|
0.0
|
| Payments on long-term debt |
(50.0)
|
0.0
|
0.0
|
| Net change in short-term debt |
(8.8)
|
(24.0)
|
(12.8)
|
| Debt issuance costs |
(9.3)
|
0.0
|
0.0
|
| Payments on note payable with an RR Donnelley affiliate |
0.0
|
(14.8)
|
(14.7)
|
| Net transfers to Parent and affiliates |
(340.1)
|
(56.0)
|
(62.9)
|
| Net cash used in financing activities |
(60.0)
|
(94.8)
|
(90.4)
|
| Effect of exchange rate on cash and cash equivalents |
4.4
|
(2.5)
|
2.0
|
| Net increase (decrease) in cash and cash equivalents |
21.1
|
(13.5)
|
7.4
|
| Cash and cash equivalents at beginning of year |
15.1
|
28.6
|
21.2
|
| Cash and cash equivalents at end of period |
36.2
|
15.1
|
28.6
|
| Supplemental non-cash disclosure: |
|
|
|
| Debt exchange with RR Donnelley, including $5.5 million of debt issuance costs |
300.0
|
0.0
|
0.0
|
| Settlement of intercompany note payable |
29.6
|
0.0
|
0.0
|
| Accrued debt issuance costs |
$ 1.5
|
$ 0.0
|
$ 0.0
|