XML 21 R8.htm IDEA: XBRL DOCUMENT v3.24.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2024
Mar. 31, 2024
Jul. 02, 2023
Apr. 02, 2023
Jun. 30, 2024
Jul. 02, 2023
Dec. 31, 2023
Cash Flows from Operating Activities:              
Net income $ 120.2 $ (19.3) $ 124.0 $ (4.5) $ 100.9 $ 119.5  
Adjustments to reconcile Net income to net cash provided by operating activities:              
Amortization of finance lease right-of-use assets and depreciation 18.9   15.5   35.8 31.0  
Stock-based compensation         14.3 15.7  
Amortization of software and intangible assets         31.7 30.8  
Amortization of debt related costs         0.7 0.5  
Gain on sale of equipment         (1.3) (0.2)  
Other         (1.6) (2.5)  
Changes in operating assets and liabilities, net of the effects of acquisitions:              
Receivables         (109.9) (111.2)  
Inventory         (97.9) (84.8)  
Income tax receivable         0.0 10.9  
Prepaid expenses and other assets         (3.1) (16.7)  
Accounts payable         67.4 98.5  
Income tax payable         19.7 24.8  
Accrued expenses and other liabilities         (9.0) (15.1)  
Net Cash Provided By Operating Activities         48.1 101.2  
Cash Flows from Investing Activities:              
Purchases of property and equipment         (21.0) (16.3)  
Purchases of intangible assets         (3.1) (1.1)  
Acquisitions, net of cash acquired         (99.1) (58.6)  
Proceeds from the sale of property and equipment         3.4 1.1  
Net Cash Used In Investing Activities         (119.8) (74.9)  
Cash Flows from Financing Activities:              
Equity proceeds from common stock         4.5 2.1  
Repurchases of common stock         (19.8) (0.6)  
Repayments under term loan         (1.9) (1.3)  
Borrowings on asset-based credit facilities         335.2 302.8  
Repayments on asset-based credit facilities         (235.1) (271.5)  
Payments on finance lease obligations (6.5)   (4.4)   (12.3) (8.3)  
Payments of acquisition related contingent obligations         (3.0) (2.7)  
Other financing activities         (6.2) (6.5)  
Net Cash Provided By Financing Activities         61.4 14.0  
Effect of exchange rate on cash         (0.3) 0.2  
Net change in cash         (10.6) 40.5  
Cash and cash equivalents:              
Beginning   $ 82.5   $ 29.1 82.5 29.1 $ 29.1
Ending $ 71.9   $ 69.6   71.9 69.6 $ 82.5
Supplemental Disclosures of Cash Flow Information:              
Cash paid during the year for interest         15.1 13.9  
Cash paid during the year for income taxes         $ 11.1 $ 2.2