2015 Q1 Form 10-Q Financial Statement

#000157924115000013 Filed on April 30, 2015

View on sec.gov

Income Statement

Concept 2015 Q1 2014 Q1
Revenue $458.7M $466.6M
YoY Change -1.69% -1.42%
Cost Of Revenue $271.6M $274.4M
YoY Change -1.02% -4.46%
Gross Profit $187.1M $192.2M
YoY Change -2.65% 3.28%
Gross Profit Margin 40.79% 41.19%
Selling, General & Admin $116.1M $124.4M
YoY Change -6.67% 6.05%
% of Gross Profit 62.05% 64.72%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $12.10M $12.20M
YoY Change -0.82% 4.27%
% of Gross Profit 6.47% 6.35%
Operating Expenses $116.1M $124.4M
YoY Change -6.67% 6.05%
Operating Profit $71.00M $67.80M
YoY Change 4.72% -1.45%
Interest Expense $11.60M $13.10M
YoY Change -11.45% 3175.0%
% of Operating Profit 16.34% 19.32%
Other Income/Expense, Net -$3.100M $100.0K
YoY Change -3200.0% -101.33%
Pretax Income $56.30M $54.80M
YoY Change 2.74% -10.02%
Income Tax $12.40M $16.40M
% Of Pretax Income 22.02% 29.93%
Net Earnings $45.40M $35.80M
YoY Change 26.82% -9.14%
Net Earnings / Revenue 9.9% 7.67%
Basic Earnings Per Share $0.47 $0.37
Diluted Earnings Per Share $0.47 $0.37
COMMON SHARES
Basic Shares Outstanding 95.90M shares 96.30M shares
Diluted Shares Outstanding 96.90M shares 97.40M shares

Balance Sheet

Concept 2015 Q1 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $229.6M $205.4M
YoY Change 11.78% -34.54%
Cash & Equivalents $229.6M $205.4M
Short-Term Investments
Other Short-Term Assets $56.30M $73.30M
YoY Change -23.19% 63.98%
Inventory $184.9M $167.2M
Prepaid Expenses
Receivables $255.8M $284.1M
Other Receivables $0.00 $0.00
Total Short-Term Assets $903.7M $913.9M
YoY Change -1.12% -0.53%
LONG-TERM ASSETS
Property, Plant & Equipment $206.3M $208.9M
YoY Change -1.24% -8.01%
Goodwill $498.6M $507.1M
YoY Change -1.68%
Intangibles $111.7M $143.5M
YoY Change -22.16%
Long-Term Investments
YoY Change
Other Assets $207.1M $204.5M
YoY Change 1.27% 271.82%
Total Long-Term Assets $1.024B $1.064B
YoY Change -3.79% 0.43%
TOTAL ASSETS
Total Short-Term Assets $903.7M $913.9M
Total Long-Term Assets $1.024B $1.064B
Total Assets $1.927B $1.978B
YoY Change -2.55% -0.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $231.5M $213.6M
YoY Change 8.38% 14.9%
Accrued Expenses $201.2M $177.4M
YoY Change 13.42% 17.02%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $40.10M
YoY Change -100.0% 1722.73%
Long-Term Debt Due $49.40M $30.40M
YoY Change 62.5% 4242.86%
Total Short-Term Liabilities $482.1M $461.5M
YoY Change 4.46% 35.54%
LONG-TERM LIABILITIES
Long-Term Debt $1.203B $1.264B
YoY Change -4.88% 48530.77%
Other Long-Term Liabilities $241.1M $280.3M
YoY Change -13.99% 97.67%
Total Long-Term Liabilities $1.444B $1.545B
YoY Change -6.53% 969.74%
TOTAL LIABILITIES
Total Short-Term Liabilities $482.1M $461.5M
Total Long-Term Liabilities $1.444B $1.545B
Total Liabilities $1.926B $2.006B
YoY Change -4.0% 236.89%
SHAREHOLDERS EQUITY
Retained Earnings $152.8M $28.00M
YoY Change 445.71%
Common Stock $1.000M $1.000M
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$19.80M -$60.40M
YoY Change
Total Liabilities & Shareholders Equity $1.927B $1.978B
YoY Change -2.55% -0.02%

Cashflow Statement

Concept 2015 Q1 2014 Q1
OPERATING ACTIVITIES
Net Income $45.40M $35.80M
YoY Change 26.82% -9.14%
Depreciation, Depletion And Amortization $12.10M $12.20M
YoY Change -0.82% 4.27%
Cash From Operating Activities $4.400M -$900.0K
YoY Change -588.89% -325.0%
INVESTING ACTIVITIES
Capital Expenditures -$9.400M -$9.200M
YoY Change 2.17% 73.58%
Acquisitions $9.000M $5.300M
YoY Change 69.81%
Other Investing Activities -$4.000M -$200.0K
YoY Change 1900.0% -83.33%
Cash From Investing Activities -$14.40M -$14.30M
YoY Change 0.7% 248.78%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $30.00M $0.00
YoY Change
Debt Paid & Issued, Net $12.20M
YoY Change
Cash From Financing Activities -46.70M -3.400M
YoY Change 1273.53% -118.68%
NET CHANGE
Cash From Operating Activities $4.400M -$900.0K
Cash From Investing Activities -$14.40M -$14.30M
Cash From Financing Activities -46.70M -3.400M
Net Change In Cash -$10.00M -$15.20M
YoY Change -34.21% 310.81%
FREE CASH FLOW
Cash From Operating Activities $4.400M -$900.0K
Capital Expenditures -$9.400M -$9.200M
Free Cash Flow $13.80M $8.300M
YoY Change 66.27% 45.61%

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610300000 USD
CY2014Q1 us-gaap Interest Expense
InterestExpense
13100000 USD
CY2015Q1 us-gaap Interest Expense
InterestExpense
11600000 USD
CY2014Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
92600000 USD
CY2015Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
90500000 USD
CY2014Q4 us-gaap Inventory Net
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179500000 USD
CY2015Q1 us-gaap Inventory Net
InventoryNet
184900000 USD
CY2014Q4 us-gaap Inventory Raw Materials
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54800000 USD
CY2015Q1 us-gaap Inventory Raw Materials
InventoryRawMaterials
59700000 USD
CY2014Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
32100000 USD
CY2015Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
34700000 USD
CY2014Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
200000 USD
CY2015Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
300000 USD
CY2014Q4 us-gaap Investments In And Advances To Affiliates At Fair Value
InvestmentsInAndAdvancesToAffiliatesAtFairValue
0 USD
CY2015Q1 us-gaap Investments In And Advances To Affiliates At Fair Value
InvestmentsInAndAdvancesToAffiliatesAtFairValue
0 USD
CY2014Q4 us-gaap Liabilities
Liabilities
1997400000 USD
CY2015Q1 us-gaap Liabilities
Liabilities
1925900000 USD
CY2014Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2015900000 USD
CY2015Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1927400000 USD
CY2014Q4 us-gaap Liabilities Current
LiabilitiesCurrent
531300000 USD
CY2015Q1 us-gaap Liabilities Current
LiabilitiesCurrent
482100000 USD
CY2014Q4 us-gaap Liabilities Other Than Longterm Debt Noncurrent
LiabilitiesOtherThanLongtermDebtNoncurrent
251100000 USD
CY2015Q1 us-gaap Liabilities Other Than Longterm Debt Noncurrent
LiabilitiesOtherThanLongtermDebtNoncurrent
241100000 USD
CY2014Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1215000000 USD
CY2015Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1202700000 USD
CY2014Q4 us-gaap Minority Interest
MinorityInterest
23300000 USD
CY2015Q1 us-gaap Minority Interest
MinorityInterest
21300000 USD
CY2015Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
300000 USD
CY2014Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-3400000 USD
CY2015Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-46700000 USD
CY2014Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-14300000 USD
CY2015Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-14400000 USD
CY2014Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-900000 USD
CY2015Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
4400000 USD
CY2014Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
0 USD
CY2015Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
4600000 USD
CY2014Q1 us-gaap Net Income Loss
NetIncomeLoss
35800000 USD
CY2015Q1 us-gaap Net Income Loss
NetIncomeLoss
45400000 USD
CY2014Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1800000 USD
CY2015Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-1700000 USD
CY2015Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2014Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
67800000 USD
CY2015Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
71000000 USD
CY2014Q4 us-gaap Other Assets Current
OtherAssetsCurrent
62800000 USD
CY2015Q1 us-gaap Other Assets Current
OtherAssetsCurrent
56300000 USD
CY2014Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
199200000 USD
CY2015Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
207100000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax
-700000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax
-200000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-12000000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-29600000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-12900000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-38900000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
700000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-3900000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
-1500000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
100000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
500000 USD
CY2014Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
251100000 USD
CY2015Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
241100000 USD
CY2014Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
100000 USD
CY2015Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-3100000 USD
CY2014Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-200000 USD
CY2015Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-4000000 USD
CY2014Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2015Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
30000000 USD
CY2014Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
7200000 USD
CY2015Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
9500000 USD
CY2014Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
5300000 USD
CY2015Q1 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
9000000 USD
CY2014Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
9200000 USD
CY2015Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
9400000 USD
CY2014Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
11800000 USD
CY2015Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
5200000 USD
CY2014Q1 us-gaap Proceeds From Repayments Of Debt
ProceedsFromRepaymentsOfDebt
-8000000 USD
CY2015Q1 us-gaap Proceeds From Repayments Of Debt
ProceedsFromRepaymentsOfDebt
-12400000 USD
CY2014Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
200000 USD
CY2014Q1 us-gaap Profit Loss
ProfitLoss
37600000 USD
CY2015Q1 us-gaap Profit Loss
ProfitLoss
43700000 USD
CY2014Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
211200000 USD
CY2015Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
206300000 USD
CY2014Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
259900000 USD
CY2015Q1 us-gaap Receivables Net Current
ReceivablesNetCurrent
255800000 USD
CY2014Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
-1100000 USD
CY2015Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax
-400000 USD
CY2014Q4 us-gaap Restructuring Reserve Current
RestructuringReserveCurrent
1900000 USD
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
142400000 USD
CY2015Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
152800000 USD
CY2014Q1 us-gaap Sales Revenue Net
SalesRevenueNet
466600000 USD
CY2015Q1 us-gaap Sales Revenue Net
SalesRevenueNet
458700000 USD
CY2014Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
124400000 USD
CY2015Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
116100000 USD
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0060
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0069
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.3655
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.3402
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0194
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0178
CY2014Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y0M0D
CY2015Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y0M0D
CY2012Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
9800000 USD
CY2013Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
9300000 USD
CY2014Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
10300000 USD
CY2015Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
10000000 USD
CY2014Q1 us-gaap Standard Product Warranty Accrual Currency Translation Increase Decrease
StandardProductWarrantyAccrualCurrencyTranslationIncreaseDecrease
0 USD
CY2015Q1 us-gaap Standard Product Warranty Accrual Currency Translation Increase Decrease
StandardProductWarrantyAccrualCurrencyTranslationIncreaseDecrease
-200000 USD
CY2014Q1 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
1600000 USD
CY2015Q1 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
1300000 USD
CY2014Q1 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
-700000 USD
CY2015Q1 us-gaap Standard Product Warranty Accrual Preexisting Increase Decrease
StandardProductWarrantyAccrualPreexistingIncreaseDecrease
0 USD
CY2014Q1 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
1800000 USD
CY2015Q1 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
1200000 USD
CY2014Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
11800000 USD
CY2015Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
6000000 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
-4800000 USD
CY2015Q1 us-gaap Stockholders Equity
StockholdersEquity
-19800000 USD
CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-35000000 USD
CY2013Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-7400000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
18500000 USD
CY2015Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1500000 USD
CY2014Q1 us-gaap Stockholders Equity Other
StockholdersEquityOther
3500000 USD
CY2015Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
500000 shares
CY2015Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
30000000 USD
CY2014Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
97400000 shares
CY2015Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
95900000 shares
CY2015Q1 alle Reconciliation Of Ordinary Shares
ReconciliationOfOrdinaryShares
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The reconciliation of Ordinary shares is as follows:</font></div><div style="line-height:120%;padding-top:12px;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="3" rowspan="1"></td></tr><tr><td width="81%" rowspan="1" colspan="1"></td><td width="18%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-style:italic;font-weight:bold;">In millions</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;font-weight:bold;">Total</font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">December&#160;31, 2014</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">95.8</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Shares issued under incentive plans, net</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">0.3</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:top;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Repurchase of ordinary shares</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(0.5</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:top;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">March&#160;31, 2015</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">95.6</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div></div>

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