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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
OPERATING ACTIVITIES      
Net income $ 262.1 $ 251.5 $ 165.7
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 30.1 27.6 31.4
Amortization of intangibles 13.2 12.1 13.7
Loss on disposal and impairment of long-lived asset 0.2 (0.2) 1.4
Stock-based compensation 20.2 18.4 22.9
Deferred income tax (18.8) (29.6) (8.2)
Changes in operating assets and liabilities, net of effects from business acquisitions:      
Accounts receivable 6.2 (20.0) (30.2)
Inventories 27.0 (16.4) (113.7)
Prepaid expenses and other assets (20.6) 1.9 (0.8)
Accounts payable, accrued expenses and other liabilities (8.8) (21.3) 98.6
Net cash provided by operating activities 310.8 224.0 180.8
INVESTING ACTIVITIES      
Additions to property, plant and equipment (29.7) (28.1) (26.7)
Proceeds from the sale of property, plant and equipment   5.2 5.1
Business acquisitions, net of cash acquired (313.4)   (9.1)
Net cash used in investing activities (343.1) (22.9) (30.7)
FINANCING ACTIVITIES      
Proceeds from long-term borrowings 240.0 85.0 40.0
Payments of long-term debt (90.0) (80.0) (95.0)
Payments for withholding taxes on vested awards (15.8) (13.3) (9.6)
Payments for finance leases and other (2.8) (4.7) (1.4)
Proceeds from share transactions under employee stock plans 0.1 0.2 0.1
Debt issuance costs     (2.4)
Payments to repurchase common stock (16.0) (69.4) (16.0)
Dividends (46.5) (39.5) (34.3)
Net cash used in financing activities 69.0 (121.7) (118.6)
Effect of exchange rate changes on cash and cash equivalents 2.6 (10.6) (8.4)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 39.3 68.8 23.1
Cash and cash equivalents at beginning of year 310.8 242.0 218.9
CASH AND CASH EQUIVALENTS AT END OF PERIOD 350.1 310.8 242.0
Acquisition of businesses:      
Fair value of assets acquired 344.0   12.1
Cash paid, net of cash acquired 313.4   9.1
Liabilities assumed 30.6   3.1
Issuance of stock under management stock purchase plan 0.4 0.4 0.6
CASH PAID FOR:      
Interest 7.7 5.7 6.9
Income taxes $ 115.7 $ 85.8 $ 73.0