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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
OPERATING ACTIVITIES    
Net income $ 5.4 $ 1.3
Adjustments to reconcile net income to net cash provided (used) by operating activities:    
Depreciation and amortization 9.4 8.9
Stock-based compensation expense 1.6 1.4
Changes in operating assets and liabilities:    
Accounts receivable (1.4) 8.1
Inventories (22.9) (7.3)
Prepaid and other current assets 2.2 (4.9)
Accounts payable and accrued expenses 17.1 (9.5)
Other (1.5) (1.9)
Net cash provided (used) by operating activities 9.9 (3.9)
INVESTING ACTIVITIES    
Purchases of property, plant and equipment (6.6) (4.9)
Proceeds from sale of an asset 0.0 1.4
Net cash used by investing activities (6.6) (3.5)
FINANCING ACTIVITIES    
Proceeds from revolving credit facility, net 5.7 15.5
Payments on other debt (2.8) (2.3)
Proceeds from other debt 1.8 0.2
(Payments on) proceeds from finance lease facilities, net (1.5) 0.6
Dividends (1.6) (1.6)
Purchases of treasury shares 0.0 (2.1)
Payments of withholding taxes on share awards (0.1) (0.1)
Net cash provided by financing activities 1.5 10.2
Effect of exchange rate changes on cash (0.9) (2.0)
Increase in cash and cash equivalents 3.9 0.8
Cash and cash equivalents at beginning of period 55.0 56.0
Cash and cash equivalents at end of period 58.9 56.8
Interest paid 1.1 1.5
Income taxes paid $ 1.8 $ 0.8