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Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash provided by (used in) operating activities:      
Net income $ 89.8 $ 63.2 $ 84.9
Adjustments to reconcile net cash provided by (used in) operating activities:      
Depreciation and amortization 57.0 56.1 57.7
Stock-based compensation 17.3 13.2 13.0
Change in derivative contracts (0.9) 6.5 3.8
Non-cash interest expense 4.9 2.8 2.7
(Gain) on sale of assets and investment (2.0) (2.6) (31.2)
Insurance proceeds (1.7) (0.8) (6.1)
Deferred income taxes 5.7 2.7 16.9
Change in other liabilities 0.2 1.1 2.1
Other - net 2.2 5.3 4.0
Changes in working capital:      
Accounts receivable 14.9 (32.3) (12.7)
Inventories (37.2) (41.8) (24.3)
Accounts payable (0.4) 32.7 20.9
Accrued liabilities (2.4) (7.3) (21.0)
Other working capital (1.3) 3.5 (7.7)
Net cash provided by operating activities 146.1 102.3 103.0
Cash (used in) provided by investing activities:      
Capital expenditures (120.5) (105.3) (125.0)
Insurance proceeds 1.7 0.8 6.1
Acquisitions 0.0 (14.7) 0.0
Net cash provided by sale of discontinued operations and asset sales 2.8 4.4 29.4
Net cash used in investing activities (116.0) (114.8) (89.5)
Cash provided by (used in) financing activities:      
Borrowings of credit facility 1,032.5 444.4 280.9
Repayments of credit facility (896.4) (406.1) (265.7)
Borrowings of long-term debt 388.0 0.0 0.0
Repayments of long-term debt (501.0) (2.0) (10.1)
Issuances of Common Stock 9.9 1.1 2.4
Repurchases of Common Stock (20.1) (23.6) (11.5)
Payment of debt issuance costs (5.3) (4.8) 0.0
Dividends paid (5.0) (4.2) 0.0
Net cash provided by (used in) financing activities 2.6 4.8 (4.0)
Effect of exchange rate changes on cash 0.5 (4.5) (2.5)
Net increase (decrease) in cash and cash equivalents 33.2 (12.2) 7.0
Cash and cash equivalents at beginning of period 33.3 45.5 38.5
Cash and cash equivalents at end of period 66.5 33.3 45.5
Supplemental disclosure of non-cash investing and financing activities:      
Right-of-use assets obtained in exchange for new operating lease liabilities 26.6 12.1 12.6
Accrued capital expenditures 5.6 11.1 7.3
Cash paid during the year for:      
Interest 70.0 41.3 38.1
Income taxes $ 34.3 $ 20.7 $ 23.4