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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities        
Net income $ 126.3 $ 16.1 $ 31.7  
Reconciliation to net cash provided by operating activities:        
Depreciation and amortization 126.2 138.0 140.9  
Amortization of deferred financing costs and debt discount 0.7 3.1 1.2  
Deferred income taxes (3.1) (2.6) (51.4)  
Equity in earnings from affiliated companies (8.1)   1.6  
Stock-based compensation 20.0 19.0 15.4  
Merger and restructuring expenses, net of payments (0.7) (5.6) 23.0  
Gain on sale of assets (19.4)      
Impairment of assets 1.6      
Gain on sale of investments (0.3)      
Changes in assets and liabilities:        
(Increase) decrease in accounts receivable (62.8) (40.7) 110.0  
(Increase) decrease in inventories (82.4) (40.4) 129.4  
Decrease (increase) in prepaid expenses and other current assets (8.3) 13.0 11.2  
Increase (decrease) in accounts payable/accrued liabilities 80.8 49.8 (134.1)  
Other – net 2.6 2.0 (14.6)  
Net cash provided by operating activities 173.1 151.7 264.3  
Cash flows from investing activities        
Capital expenditures (76.3) (27.9) (50.6)  
Proceeds from sale of asset 21.2   0.0  
Proceeds from sale of investments 0.5      
Net cash used for investing activities (54.6) (27.9) (50.6)  
Cash flows from financing activities        
Repayments of Euro term loan 0.0   (49.9)  
Borrowing from senior unsecured credit facility 50.0   422.0  
Repayment of senior unsecured credit facility (150.0) (103.0) (507.0)  
Repayment of finance lease obligation and other debt, net (0.6) (0.9) (0.2)  
Issuance costs related to senior credit facility 0.0   (1.3)  
Dividends paid (33.7)   (14.2) $ (4.2)
Repurchase of stock 0.0   (24.6)  
Activity under stock plans 4.3 7.1 (3.3)  
Net cash used for financing activities (130.0) (96.8) (178.5)  
Effect of exchange rate changes on cash and cash equivalents (4.2) (2.6) 3.7  
Net increase in cash and cash equivalents (15.7) 24.4 38.9  
Cash and cash equivalents at beginning of period 127.7 103.3 64.4  
Cash and cash equivalents at end of period 112.0 127.7 103.3 $ 64.4
Supplemental data:        
Interest, net of capitalized interest 35.4 36.1 41.6  
Income Taxes 35.9 1.2 (0.2)  
Accrual basis additions to property, plant and equipment $ 69.8 $ 41.4 $ 42.5