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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 28, 2021
Mar. 29, 2020
OPERATING ACTIVITIES    
Net income $ 41.7 $ 32.0
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation 8.0 7.6
Amortization of intangibles 3.8 3.8
Loss on disposal and impairment of property, plant and equipment and other 0.6  
Stock-based compensation 2.9 3.6
Deferred income tax 4.3 3.9
Changes in operating assets and liabilities, net of effects from business acquisitions and divestitures:    
Accounts receivable (44.0) (20.6)
Inventories (18.8) (12.7)
Prepaid expenses and other assets (4.6) (4.6)
Accounts payable, accrued expenses and other liabilities 40.0 (13.9)
Net cash provided by (used in) operating activities 33.9 (0.9)
INVESTING ACTIVITIES    
Additions to property, plant and equipment (4.9) (8.9)
Proceeds from sale of property, plant, and equipment 2.9 1.4
Net cash used in investing activities (2.0) (7.5)
FINANCING ACTIVITIES    
Proceeds from long-term borrowings 20.0 70.0
Payments of long-term debt (20.0)  
Payments for withholding taxes on vested awards (9.2) (7.7)
Payments for finance leases and other (0.4) (0.5)
Payments to repurchase common stock (3.8) (14.7)
Dividends (7.8) (8.0)
Net cash (used in) provided by financing activities (21.2) 39.1
Effect of exchange rate changes on cash and cash equivalents (4.2) (5.0)
INCREASE IN CASH AND CASH EQUIVALENTS 6.5 25.7
Cash and cash equivalents at beginning of year 218.9 219.7
CASH AND CASH EQUIVALENTS AT END OF PERIOD 225.4 245.4
NON CASH INVESTING AND FINANCING ACTIVITIES    
Issuance of stock under management stock purchase plan 0.5 0.7
CASH PAID FOR:    
Interest 2.3 2.5
Income taxes $ 5.0 $ 5.0