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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 28, 2020
Jun. 30, 2019
OPERATING ACTIVITIES    
Net income $ 52.2 $ 67.4
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 15.3 15.0
Amortization of intangibles 7.6 7.8
Loss on disposal and impairment of property, plant and equipment and other 1.3 0.6
Stock-based compensation 5.4 8.7
Deferred income tax 1.9 4.5
Changes in operating assets and liabilities:    
Accounts receivable 9.2 (48.9)
Inventories (14.3) 3.6
Prepaid expenses and other assets (1.3) (1.1)
Accounts payable, accrued expenses and other liabilities (30.0) (37.9)
Net cash provided by operating activities 47.3 19.7
INVESTING ACTIVITIES    
Additions to property, plant and equipment (23.8) (14.3)
Proceeds from sale of property, plant, and equipment 1.5  
Net cash used in investing activities (22.3) (14.3)
FINANCING ACTIVITIES    
Proceeds from long-term borrowings 407.5 40.0
Payments of long-term debt (452.5) (50.0)
Payments for withholding taxes on vested awards (7.8) (7.0)
Payments for finance leases (1.0) (0.8)
Proceeds from share transactions under employee stock plans   0.8
Debt issuance costs (2.2)  
Payments to repurchase common stock (21.1) (10.3)
Dividends (15.8) (15.2)
Net cash used in financing activities (92.9) (42.5)
Effect of exchange rate changes on cash and cash equivalents (3.1) (0.2)
DECREASE IN CASH AND CASH EQUIVALENTS (71.0) (37.3)
Cash and cash equivalents at beginning of year 219.7 204.1
CASH AND CASH EQUIVALENTS AT END OF PERIOD 148.7 166.8
NON CASH INVESTING AND FINANCING ACTIVITIES    
Issuance of stock under management stock purchase plan 0.7 1.3
CASH PAID FOR:    
Interest 7.2 8.4
Income taxes $ 12.4 $ 26.9