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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Apr. 03, 2021
Mar. 28, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 67,000,000.0 $ 46,700,000
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities (Net of Acquisitions and Divestitures):    
Depreciation and Amortization 31,800,000 32,600,000
Asset Impairments 0 1,500,000
Noncash Lease Expense 6,100,000 7,600,000
Loss on Sale or Disposition of Assets, Net 600,000 700,000
Share-Based Compensation Expense 3,300,000 2,700,000
Financing Fees Amortization 4,800,000 300,000
Gain on Divestiture of Businesses 0 (100,000)
Change in Operating Assets and Liabilities (64,100,000) 10,700,000
Net Cash Provided by Operating Activities 49,500,000 102,700,000
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to Property, Plant and Equipment (10,700,000) (10,900,000)
Proceeds Received from Sales of Property, Plant and Equipment 900,000 2,700,000
Business Acquisitions, Net of Cash Acquired (1,900,000) 0
Proceeds from Divestiture of Businesses 0 300,000
Net Cash Used in Investing Activities (11,700,000) (7,900,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings Under Revolving Credit Facility 140,700,000 409,700,000
Repayments Under Revolving Credit Facility (140,700,000) (182,600,000)
Proceeds from Short-Term Borrowings 5,400,000 1,500,000
Repayments of Short-Term Borrowings (5,600,000) (1,500,000)
Repayments of Long-Term Borrowings (50,100,000) (100,000)
Dividends Paid to Shareholders (12,200,000) (12,200,000)
Shares Surrendered for Taxes (1,900,000) (1,100,000)
Proceeds from the Exercise of Stock Options 100,000 0
Repurchase of Common Stock 0 (25,000,000.0)
Financing fees paid (12,400,000) 0
Net Cash (Used in) Provided by Financing Activities (76,700,000) 188,700,000
EFFECT OF EXCHANGE RATES ON CASH AND CASH EQUIVALENTS (6,000,000.0) (10,400,000)
Net (Decrease) Increase in Cash and Cash Equivalents (44,900,000) 273,100,000
Cash and Cash Equivalents at Beginning of Period 611,300,000 331,400,000
Cash and Cash Equivalents at End of Period 566,400,000 604,500,000
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Interest 12,600,000 16,100,000
Income taxes $ 15,800,000 $ 7,300,000