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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Mar. 31, 2019
Sep. 30, 2020
Sep. 30, 2019
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES            
Net earnings $ 7.0 $ 17.5 $ 18.0 $ 8.3 $ 57.1  
Adjustments to reconcile net earnings to cash provided by operating activities:            
Depreciation and amortization       32.6 28.0  
Deferred income tax benefit       (5.6) 0.0  
Amortization of debt issuance costs and loss on extinguishment of debt       0.9 1.2  
Pension settlement charges       2.8 10.4  
Inventory obsolescence       2.2 1.7  
Gain on disposal of property, plant and equipment       (1.1) 0.0  
Unrealized foreign currency (gains) losses       (0.2) 1.3  
Stock-based compensation       8.8 7.7  
Loss on fair value remeasurement of contingent consideration       12.4 0.0  
Bad debt and customer claims       1.2 0.7  
Other non-cash items       (1.5) 0.2  
Changes in operating assets and liabilities:            
Customer receivables       14.0 8.1  
Inventories       (11.9) (17.6)  
Prepaid expenses and other assets       7.1 0.9  
Accounts payable       (38.6) (5.0)  
Other liabilities       (12.0) 3.4  
Cash provided by operating activities       19.4 98.1  
CASH FLOWS FROM INVESTING ACTIVITIES            
Purchases of property and equipment       (28.1) (32.4)  
Purchase of business, net of cash acquired       0.0 (30.9)  
Proceeds from sales of property and equipment       12.3 0.0  
Other, net       0.3 0.0  
Cash used in investing activities       (15.5) (63.3)  
CASH FLOWS FROM FINANCING ACTIVITIES            
Proceeds from revolving credit facility       340.5 350.5  
Repayment of revolving credit facility       (420.0) (336.5)  
Repayment of term loans       (62.2) (12.8)  
Capitalized debt issuance costs       (0.3) (1.4)  
Payment of dividends       (13.9) (24.5)  
Proceeds from the issuance of preferred stock, net       161.8 0.0  
Payments of withholding taxes related to net share settlements of equity awards       (4.0) (3.3)  
Cash provided by (used in) financing activities       1.9 (28.0)  
Effect of exchange rate changes on cash and cash equivalents       0.2 (0.1)  
Net increase in cash and cash equivalents       6.0 6.7  
Cash and cash equivalents at beginning of period     $ 1.6 8.5 1.6 $ 1.6
Cash and cash equivalents at end of period $ 14.5 $ 8.3   $ 14.5 $ 8.3 $ 8.5