XML 16 R7.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
OPERATING ACTIVITIES    
Net income (loss) $ 10.9 $ (7.5)
Adjustments to reconcile net income to net cash (used) provided by operating activities:    
Depreciation and amortization 28.2 28.9
Stock-based compensation expense 5.4 4.7
Gain on sale of assets (2.9) 0.0
Changes in operating assets and liabilities:    
Accounts receivable (35.5) (6.6)
Inventories (52.7) (74.7)
Prepaid and other current assets (1.7) 11.5
Accounts payable and accrued expenses 22.7 24.7
Other (5.8) (6.9)
Net cash used in operating activities (31.4) (25.9)
INVESTING ACTIVITIES    
Purchases of property, plant and equipment (23.7) (24.9)
Proceeds from sale of assets 4.0 0.0
Business acquisitions, net of cash acquired (21.9) (5.4)
Net cash used in investing activities (41.6) (30.3)
FINANCING ACTIVITIES    
Proceeds from revolving credit facility, net 90.0 78.4
Payments on other debt (3.1) (5.4)
Proceeds from other debt 2.7 2.3
Payments on finance lease facilities, net (4.5) (3.5)
Dividends (5.3) (4.7)
Purchases of treasury shares 0.0 (2.5)
Payments of withholding taxes on share awards (1.3) (2.6)
Net cash provided by financing activities 78.5 62.0
Effect of exchange rate changes on cash (5.9) (1.2)
(Decrease) increase in cash and cash equivalents (0.4) 4.6
Cash and cash equivalents at beginning of period 54.1 55.0
Cash and cash equivalents at end of period 53.7 59.6
Interest paid 18.5 15.6
Income taxes paid (received) $ 1.8 $ (4.6)