XML 57 R6.htm IDEA: XBRL DOCUMENT v3.20.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES      
Net earnings $ 10.9 $ 18.0  
Adjustments to reconcile net earnings to cash provided by (used in) operating      
Depreciation 8.4 6.3  
Amortization expense (including debt issuance costs) 2.9 2.5  
Deferred income tax benefit (6.3) 0.0  
Pension settlement charges 0.7 0.2  
Stock-based compensation 1.6 2.2  
Other non-cash items 1.4 1.4  
Changes in assets and liabilities:      
Customer receivables (9.4) 11.4  
Inventories (10.2) (7.1)  
Prepaid expenses and other assets (0.8) 1.8  
Accounts payable (6.8) (7.5)  
Other liabilities (8.8) (10.1)  
Cash provided by (used in) operating activities (16.4) 19.1  
CASH FLOWS FROM INVESTING ACTIVITIES      
Capital expenditures (10.7) (9.2)  
Other 0.4 0.0  
Cash used in investing activities (10.3) (9.2)  
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from revolving credit facility 219.5 111.0  
Repayment of revolving credit facility (53.5) (105.0)  
Repayment of term loans (4.2) (4.3)  
Payment of dividends (8.9) (7.8)  
Payments of withholding taxes related to net share settlements of equity awards (3.8) (3.0)  
Cash provided by (used in) financing activities 149.1 (9.1)  
Effect of exchange rate changes on cash and cash equivalents (0.3) 0.0  
Net increase in cash and cash equivalents 122.1 0.8  
Cash and cash equivalents at beginning of period 8.5 1.6 $ 1.6
Cash and cash equivalents at end of period $ 130.6 $ 2.4 $ 8.5