|
Condensed Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
|
3 Months Ended |
|
Mar. 31, 2015
|
Mar. 31, 2014
|
| Operating activities: |
|
|
| Net income |
$ 14.9 |
$ 7.4 |
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
| Loss from discontinued operations and disposal |
0 |
0.2 |
| Depreciation and amortization |
3.8 |
3.6 |
| Deferred financing costs |
0.1 |
0.1 |
| Deferred gain |
(0.5) |
(0.5) |
| Stock-based compensation expense |
1.1 |
0.9 |
| Pension expense, net of funding |
(1.6) |
(1.0) |
| Deferred income taxes |
8.5 |
4.7 |
| Changes in operating assets and liabilities, net of effects of discontinued operations |
(22.9) |
(22.4) |
| Net cash provided by (used for) continuing operating activities |
3.4 |
(7.0) |
| Net cash used for discontinued operating activities |
(0.1) |
(0.2) |
| Net cash provided by (used for) operating activities |
3.3 |
(7.2) |
| Investing activities: |
|
|
| Purchases of properties and equipment |
(2.8) |
(4.2) |
| Proceeds from sale of FSTech Group |
0 |
7.0 |
| Net cash (used for) provided by continuing investing activities |
(2.8) |
2.8 |
| Financing activities: |
|
|
| Decrease in revolving lines of credit, net |
0 |
(10.0) |
| Increase in short-term borrowings, net |
3.0 |
6.1 |
| Purchases of treasury stock |
(3.6) |
0 |
| Redemptions of common stock to satisfy withholding taxes related to stock-based compensation |
(2.6) |
0 |
| Cash dividends paid to stockholders |
(3.8) |
0 |
| Proceeds from stock-based compensation activity |
0.2 |
0.6 |
| Other, net |
(0.2) |
(0.2) |
| Net cash used for continuing financing activities |
(7.0) |
(3.5) |
| Effects of foreign exchange rate changes on cash and cash equivalents |
(0.9) |
0.1 |
| Decrease in cash and cash equivalents |
(7.4) |
(7.8) |
| Cash and cash equivalents at beginning of period |
30.4 |
23.8 |
| Cash and cash equivalents at end of period |
$ 23.0 |
$ 16.0 |