XML 15 R5.htm IDEA: XBRL DOCUMENT v3.19.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2018
Mar. 31, 2018
Jun. 30, 2019
Jun. 30, 2018
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES              
Net earnings $ 21.7 $ 18.0 $ 13.1 $ 15.3 $ 39.6 $ 28.4  
Adjustments to reconcile net earnings to cash provided by operating activities:              
Depreciation         13.7 12.7  
Amortization expense (including deferred financing fees)         4.9 4.6  
Loss on extinguishment of debt 0.0   0.0   0.0 1.4  
Inventory obsolescence         0.7 0.8  
Unrealized foreign currency loss (gains)         2.0 (1.8)  
Stock-based compensation         4.6 4.5  
Bad debt and customer claims         0.9 0.7  
Changes in assets and liabilities:              
Customer receivables         0.4 (11.5)  
Inventories         (11.8) (13.6)  
Prepaid and other current assets         (0.8) 0.8  
Accounts payable         4.3 7.8  
Accrued liabilities         4.4 0.1  
Other noncurrent assets and liabilities         (7.0) (1.2)  
Cash provided by operating activities         55.9 33.7  
CASH FLOWS FROM INVESTING ACTIVITIES              
Capital expenditures         (21.9) (16.0)  
Purchase of business, net of cash acquired         0.0 (304.1)  
Cash used in investing activities         (21.9) (320.1)  
CASH FLOWS FROM FINANCING ACTIVITIES              
Proceeds from revolving credit facility         198.5 339.0  
Repayment of revolving credit facility         (203.5) (211.0)  
Proceeds from term loan         0.0 352.5  
Repayment of term loan         (8.6) (171.8)  
Payment of financing fees         0.0 (4.5)  
Payment of fees related to debt extinguishment         0.0 (1.0)  
Payment of dividends         (16.1) (15.4)  
Purchase of common stock for treasury         (3.0) (4.4)  
Cash (used in) provided by financing activities         (32.7) 283.4  
Effect of exchange rate changes on cash and cash equivalents         0.0 2.2  
Net increase (decrease) in cash and cash equivalents         1.3 (0.8)  
Cash and cash equivalents at beginning of period   $ 1.6   $ 2.2 1.6 2.2 $ 2.2
Cash and cash equivalents at end of period $ 2.9   $ 1.4   $ 2.9 $ 1.4 $ 1.6