XML 18 R7.htm IDEA: XBRL DOCUMENT v3.22.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2022
Jun. 30, 2021
Dec. 31, 2021
OPERATING ACTIVITIES              
Net income (loss) $ 16.6 $ 10.3 $ 9.8 $ 25.7 $ 26.9 $ 35.5  
Adjustments to reconcile net income to net cash (used in) provided by operating activities:              
Depreciation expense         16.4 16.2  
Amortization expense 3.9   5.0   8.4 10.3  
Deferred income tax benefit         (4.4) (5.9)  
Share-based compensation expense         2.7 7.0  
Bad debt and returns expense         0.7 0.9  
Acquisition contingent consideration adjustment         0.0 0.7  
Gain on sale of assets (3.7)   0.0   (3.7) (9.8)  
Debt extinguishment cost         0.0 11.3  
Other, net         0.5 1.3  
Changes in operating assets and liabilities:              
Receivables         (9.5) (13.5)  
Inventories         (44.7) (32.3)  
Accounts payable         6.5 16.9  
Employee compensation and benefits         (8.7) 7.5  
Other assets and liabilities         (14.7) (8.3)  
Net cash (used in) provided by operating activities         (23.6) 37.8  
INVESTING ACTIVITIES              
Purchases of property, plant and equipment         (10.5) (8.0)  
Proceeds from sale of assets, net of cash divested         4.1 24.7  
Investment in leased assets         (4.0) 0.0  
Cash received from leased assets         0.3 0.0  
Net cash (used in) provided by investing activities         (10.1) 16.7  
FINANCING ACTIVITIES              
Proceeds from borrowings         15.0 315.8  
Repayments of borrowings         (16.6) (360.4)  
Debt extinguishment payment         0.0 (8.4)  
Contingent consideration payments         0.0 (0.5)  
Change in finance lease obligations         0.0 0.2  
(Repurchases) proceeds from exercise of stock options, net of employee tax withholdings obligations         (1.4) 3.3  
Dividends paid         (9.2) (8.6)  
Net cash used in financing activities         (12.2) (58.6)  
Effect of exchange rate changes on cash, cash equivalents and restricted cash         (3.9) (1.8)  
Net (decrease) in cash, cash equivalents and restricted cash         (49.8) (5.9)  
Cash, cash equivalents and restricted cash at beginning of period   $ 123.6   $ 141.0 123.6 141.0 $ 141.0
Cash, cash equivalents and restricted cash at end of period $ 73.8   $ 135.1   73.8 135.1 $ 123.6
Supplemental Cash Flow Information [Abstract]              
Cash paid for income taxes         10.7 9.5  
Cash paid for interest         2.5 9.6  
Operating cash flows from operating leases         9.5 10.5  
Lease assets obtained in exchange for new operating lease liabilities         6.5 11.5  
Supplemental non-cash investing and financing activities:              
Capital expenditures in accounts payable         $ 0.9 $ 0.7