(b) Non-operating expense is the accelerated amortization of deferred financing costs and expensing of the call premium from redeeming $73.5 million in June 2012 and $150 million in February 2011 of the Company’s 6.75% senior subordinated notes.(c) Tax benefit from the release of $5.5 million of reserves primarily for uncertain tax positions as a result of an audit settlement.
|Hexcel Corporation and Subsidiaries|
|Schedule of Total Debt, Net of Cash||Table D|
|June 30,||March 31,||December 31,|
|Notes payable and current maturities of capital lease obligations||$||19.2||$||14.5||$||12.6|
|Long-term notes payable and capital lease obligations||280.7||294.8||238.3|
|Less: Cash and cash equivalents||(32.6||)||(48.7||)||(49.5||)|
|Total debt, net of cash||$||267.3||$||260.6||$||201.4|