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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 27, 2022
Mar. 28, 2021
OPERATING ACTIVITIES    
Net income $ 54.5 $ 41.7
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation 7.2 8.0
Amortization of intangibles 3.1 3.8
Loss on disposal and impairment of property, plant and equipment and other 1.3 0.6
Stock-based compensation 3.3 2.9
Deferred income tax 5.8 4.3
Changes in operating assets and liabilities:    
Accounts receivable (43.2) (44.0)
Inventories (34.7) (18.8)
Prepaid expenses and other assets   (4.6)
Accounts payable, accrued expenses and other liabilities 0.7 40.0
Net cash (used in) provided by operating activities (2.0) 33.9
INVESTING ACTIVITIES    
Additions to property, plant and equipment (5.6) (4.9)
Proceeds from the sale of property, plant and equipment   2.9
Net cash used in investing activities (5.6) (2.0)
FINANCING ACTIVITIES    
Proceeds from long-term borrowings 60.0 20.0
Payments of long-term debt   (20.0)
Payments for withholding taxes on vested awards (12.6) (9.2)
Payments for finance leases and other (0.2) (0.4)
Payments to repurchase common stock (42.9) (3.8)
Dividends (9.0) (7.8)
Net cash used in financing activities (4.7) (21.2)
Effect of exchange rate changes on cash and cash equivalents (2.9) (4.2)
(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS (15.2) 6.5
Cash and cash equivalents at beginning of year 242.0 218.9
CASH AND CASH EQUIVALENTS AT END OF PERIOD 226.8 225.4
SUPPLEMENTAL CASH FLOW DISCLOSURE:    
Issuance of stock under management stock purchase plan 0.3 0.5
CASH PAID FOR:    
Interest 0.7 2.3
Income taxes $ 6.0 $ 5.0