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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Consolidated net income $ 67.7 $ 58.9
Adjustments to reconcile consolidated net income to cash flows from operating activities:    
Depreciation and amortization 38.4 32.4
Stock-based compensation expense 6.1 4.9
Deferred income taxes (0.3) (7.4)
Other non-cash expenses, net 6.1 24.8
Changes in operating assets and liabilities, net of acquisitions and divestitures:    
Accounts receivable 10.6 36.6
Inventories (69.8) (44.8)
Accounts payable and accrued expenses 2.8 (13.6)
Income taxes payable, net (19.2) (15.7)
Deferred revenue 9.2 9.7
Customer advances (0.9) (0.3)
Other changes in operating assets and liabilities, net (25.9) (5.6)
Net cash provided by operating activities 24.8 79.9
Cash flows from investing activities:    
Purchases of short-term investments (6.4)  
Maturities of short-term investments   117.0
Cash paid for acquisitions, net of cash acquired (71.9) (37.6)
Purchases of property, plant and equipment (28.6) (17.5)
Proceeds from sales of property, plant and equipment 0.3 0.1
Net cash (used in) provided by investing activities (106.6) 62.0
Cash flows from financing activities:    
Repayments of Note Purchase Agreement (15.0)  
Repayments of revolving lines of credit (28.5) (202.5)
Proceeds from revolving lines of credit 200.6 7.5
Repayment of other debt (4.6) (0.8)
Proceeds of other debt 0.5  
Proceeds from issuance of common stock, net 5.8 7.0
Payment of contingent consideration (4.6) (2.3)
Repurchase of common stock (100.0)  
Payment of dividends (12.6) (12.5)
Net cash provided by (used in) financing activities 41.6 (203.6)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 0.4 (4.7)
Net change in cash, cash equivalents and restricted cash (39.8) (66.4)
Cash, cash equivalents and restricted cash at beginning of period 326.3 328.9
Cash, cash equivalents and restricted cash at end of period $ 286.5 $ 262.5