Consolidated Statements of Cash Flows - USD ($) $ in Millions	6 Months Ended
	Jun. 28, 2020	Jun. 30, 2019
Operating activities
Net income	$ 77.9	$ 105.8
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	42.1	43.9
Operating lease expense	66.3	56.1
Stock-based compensation	4.5	1.9
Provision for credit losses	3.6	1.1
Amortization of debt issuance costs	2.0	0.0
Deferred income taxes	(1.5)	0.6
Gain on disposal of fixed assets	(0.1)	0.0
Other	0.0	1.3
Changes in operating assets and liabilities, net of acquisitions:
Operating lease payments	(63.8)	(54.7)
Accounts receivable and other assets	65.8	14.0
Accounts payable and accrued expenses	20.5	(7.9)
Net cash provided by operating activities	217.3	162.1
Investing activities
Purchases of property, equipment and computer software	(22.1)	(37.5)
Proceeds from the sale of property and equipment	0.1	0.1
Net cash used by investing activities	(22.0)	(37.4)
Financing activities
Net decrease in book overdrafts	(33.6)	(2.9)
Proceeds from debt issuance	0.0	1,300.0
Dividend paid to KAR	0.0	(1,278.0)
Payments of long-term debt	(4.0)	0.0
Finance lease payments	(7.5)	(8.3)
Net cash transfers to Parent and affiliates	0.0	(117.7)
Issuance of common stock under stock plans	1.1	0.0
Tax withholding payments for vested RSUs	(8.0)	0.0
Deferred financing costs	(2.7)	(25.2)
Net cash used by financing activities	(54.7)	(132.1)
Effect of exchange rate changes on cash	(0.7)	0.7
Net increase (decrease) in cash and cash equivalents	139.9	(6.7)
Cash and cash equivalents at beginning of period	47.1	48.3
Cash and cash equivalents at end of period	187.0	41.6
Cash paid for interest, net	28.9	0.2
Cash paid for taxes, net	$ 6.2	$ 41.4