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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
OPERATING ACTIVITIES    
Net income $ 8.5 $ 1.0
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 23.9 16.0
Interest accretion of convertible notes discount 1.9 1.8
Employee share-based compensation expense 2.9 2.4
Financing costs amortization 1.0 0.4
Unrealized foreign currency transaction gain 0.0 (0.3)
Unrealized loss on investment in equity securities 4.8 0.0
Other non-cash operating activities 3.2 2.5
Changes in assets and liabilities, net of acquisitions:    
Accounts receivable 7.5 (12.2)
Inventories (16.1) (10.4)
Unbilled contract revenues and other assets 8.4 (11.2)
Accounts payable and other liabilities (17.0) (20.7)
Customer advances and billings in excess of contract revenue (3.5) (2.5)
Net Cash Provided By (Used In) Operating Activities 25.5 (33.2)
INVESTING ACTIVITIES    
Capital expenditures (10.3) (5.9)
Acquisition of businesses, net of cash acquired 0.0 (2.8)
Government grants 0.1 (0.2)
Net Cash Used In Investing Activities (10.2) (8.9)
FINANCING ACTIVITIES    
Borrowings on revolving credit facilities 64.5 18.8
Repayments on revolving credit facilities (84.7) (27.0)
Repayments on term loan (2.8) 0.0
Proceeds from exercise of stock options 2.0 8.3
Common stock repurchases [1] (19.3) 0.0
Common stock repurchases from share-based compensation plans (1.7) (2.7)
Net Cash Used In Financing Activities (42.0) (2.6)
Effect of exchange rate changes on cash and cash equivalents (3.0) (1.5)
Net decrease in cash, cash equivalents, restricted cash, and restricted cash equivalents (29.7) (46.2)
Cash, cash equivalents, restricted cash, and restricted cash equivalents at beginning of period [2] 120.0 119.1
CASH, CASH EQUIVALENTS, RESTRICTED CASH, AND RESTRICTED CASH EQUIVALENTS AT END OF PERIOD [2] $ 90.3 $ 72.9
[1]
Includes $19.3 in shares repurchased through our share repurchase program.
[2]
Includes restricted cash and restricted cash equivalents of $1.0 in other assets for each of the periods presented. For further information regarding restricted cash and restricted cash equivalents balances, refer to Note 8, “Debt and Credit Arrangements.”