XML 24 R8.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
OPERATING ACTIVITIES    
Net income $ 1.6 $ 1.8
Less: Loss from discontinued operations 0.0 (0.3)
Income from continuing operations 1.6 2.1
Reconciliation to net cash provided by operating activities:    
Depreciation and amortization 11.3 11.0
Amortization of debt discount and financing costs 0.4 0.4
Stock-based compensation expense 1.0 0.8
Unrealized (gain) loss on foreign currency (2.3) 0.5
Deferred income taxes (0.2) (4.9)
Loss (gain) on disposal of property and equipment 1.1 (0.1)
Changes in assets and liabilities, excluding effect of currency translation:    
Trade accounts receivable 5.0 17.4
Inventories (19.9) (11.4)
Accounts payable 9.9 6.6
Pension assets and liabilities, net 1.1 1.0
Other assets and liabilities, net (8.3) (9.1)
Net cash provided by operating activities from continuing operations 0.7 14.3
Net cash used in operating activities from discontinued operations 0.0 (0.9)
Net cash provided by operating activities 0.7 13.4
INVESTING ACTIVITIES    
Capital expenditures (8.1) (9.2)
Other investing activities 0.0 0.4
Net cash used in investing activities (8.1) (8.8)
FINANCING ACTIVITIES    
Repayments under credit arrangements (0.3) 0.0
Payments on finance lease obligations (0.2) (0.2)
Payments of tax withholding obligations related to employee equity awards (0.7) (0.3)
Proceeds from exercise of stock options 1.8 0.4
Net cash provided by (used in) financing activities from continuing operations 0.6 (0.1)
Effect of currency exchange rate changes on cash and cash equivalents (3.0) (9.3)
Decrease in cash and cash equivalents (9.8) (4.8)
Cash and cash equivalents, beginning of period 482.7 325.0
Cash and cash equivalents, end of period 472.9 320.2
Supplemental disclosure of non-cash investing activities:    
Property and equipment purchases unpaid and included in accounts payable $ 3.0 $ 5.5