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Consolidated Statement of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating activities:      
Net earnings $ 145,500,000 $ 103,900,000 $ 60,600,000
Adjustments to net earnings for items not affecting cash:      
Depreciation and amortization 144,800,000 126,300,000 124,700,000
Equity-settled employee SBC 51,000,000.0 33,400,000 25,800,000
Other charges 900,000 2,500,000 2,500,000
Finance costs 59,700,000 31,700,000 37,700,000
Income tax expense 58,100,000 32,100,000 29,600,000
Other (8,200,000) 15,200,000 10,000,000.0
Changes in non-cash working capital items:      
Accounts receivable (133,300,000) (102,400,000) (40,700,000)
Inventories (717,300,000) (521,900,000) (99,300,000)
Other current assets (51,600,000) (11,500,000) (500,000)
Accounts payable, accrued and other current liabilities and provisions 813,400,000 556,900,000 117,000,000.0
Non-cash working capital changes (88,800,000) (78,900,000) (23,500,000)
Net income tax paid (65,100,000) (39,400,000) (27,800,000)
Net cash provided by operating activities 297,900,000 226,800,000 239,600,000
Investing activities:      
Acquisitions 0 (314,700,000) 0
Purchase of computer software and property, plant and equipment (109,000,000.0) (52,200,000) (52,800,000)
Proceeds from sale of assets 100,000 2,600,000 1,800,000
Net cash provided by (used in) investing activities (108,900,000) (364,300,000) (51,000,000.0)
Financing activities:      
Lease payments (46,000,000.0) (40,000,000.0) (33,700,000)
Issuance of capital stock 200,000 200,000 0
Repurchase of capital stock for cancellation (34,600,000) (35,900,000) (100,000)
Purchase of treasury stock for stock-based plans (44,900,000) (20,600,000) (19,100,000)
Finance costs paid [1] (50,000,000.0) (26,000,000.0) (29,500,000)
Net cash provided by (used in) financing activities (208,500,000) 67,700,000 (204,300,000)
Net increase (decrease) in cash and cash equivalents (19,500,000) (69,800,000) (15,700,000)
Cash and cash equivalents, beginning of year 394,000,000.0 463,800,000 479,500,000
Cash and cash equivalents, end of year 374,500,000 394,000,000.0 463,800,000
Revolving Loans      
Financing activities:      
Borrowings under credit facility 0 220,000,000.0 0
Amount repaid 0 (220,000,000.0) 0
Term Loans      
Financing activities:      
Borrowings under credit facility 0 365,000,000.0 0
Amount repaid $ (33,200,000) $ (175,000,000.0) $ (121,900,000)
[1] Finance costs paid include debt issuance costs paid of $0.8 in 2022 (2021— $3.6; 2020 — $0.6).