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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Apr. 01, 2023
Apr. 02, 2022
Cash flows from operating activities:    
Net income (loss) $ 5.8 $ (6.7)
Adjustments to reconcile net income (loss) to cash flows from operating activities:    
Depreciation and amortization 62.4 61.2
Amortization of financing fees 0.8 0.9
Share-based compensation expense 2.3 3.3
Provision for deferred income taxes 0.8 1.6
Gain on sale of business 0.0 (0.4)
Loss on disposal of property, plant and equipment, net 1.3 1.7
Other non-cash items (6.7) 2.1
Change in operating assets and liabilities, net of acquisitions:    
Accounts receivable (2.9) (11.9)
Inventories 2.1 (11.1)
Prepaid expenses and other current assets (4.9) (6.2)
Other assets (0.1) (0.7)
Accounts payable and accrued liabilities and other liabilities (26.6) (10.2)
Net cash provided by operating activities 34.3 23.6
Cash flows from investing activities:    
Acquisitions, net of cash received (7.5) (0.3)
Additions to property, plant and equipment (53.7) (38.6)
Additions to intangible assets (2.7) (2.5)
Proceeds from sale of property, plant and equipment 0.2 0.4
Other investing activities 2.2 0.5
Net cash used in investing activities (61.5) (40.5)
Cash flows from financing activities:    
Payments of long-term debt (5.0) (4.5)
Proceeds from short-term borrowings 61.0 0.0
Payments on short-term borrowings (33.2) 0.0
Issuance of common shares 4.3 1.2
Common shares repurchased and canceled (19.3) (1.8)
Dividends paid to common shareholders (12.8) (11.3)
Payment of deferred consideration for acquisitions (0.8) (0.1)
Other financing activities 6.1 3.9
Net cash provided by (used in) financing activities 0.3 (12.6)
Effect of exchange rate changes on cash 0.8 (0.9)
Net decrease in cash, cash equivalents and restricted cash (26.1) (30.4)
Cash and cash equivalents and restricted cash, beginning of period 122.6 128.4
Cash and cash equivalents and restricted cash, end of period 96.5 98.0
Supplemental Non-cash Investing and Financing Activities:    
Dividends payable issued through accounts payable and accrued liabilities 0.2 0.2
Additions to property, plant and equipment through accounts payable and accrued liabilities and other liabilities 20.7 24.2
Financing lease right-of-use assets obtained in exchange for lease obligations 1.6 2.7
Operating lease right-of-use assets obtained in exchange for lease obligations 5.6 5.5
Inventory transfer to property, plant and equipment 6.9 0.0
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 5.3 3.5
Cash paid for income taxes, net $ 1.2 $ 1.0