XML 84 R7.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating activities:    
Net income $ 23.4 $ 17.5
Adjustments to reconcile net income to net cash provided by (used for) operating activities:    
Net gain on sales of properties and equipment (0.2) 0.0
Depreciation and amortization 10.8 9.5
Deferred financing costs 0.1 0.1
Stock-based compensation expense 1.0 1.4
Pension (benefit) expense, net of funding (0.4) (0.1)
Changes in fair value of contingent consideration and deferred payment 0.0 0.3
Deferred income taxes 2.8 1.2
Changes in operating assets and liabilities (32.3) (38.7)
Net cash provided by (used for) operating activities 5.2 (8.8)
Investing activities:    
Purchases of properties and equipment (9.5) (4.5)
Proceeds from sales of properties and equipment 0.3 0.0
Proceeds from acquisition-related activity 0.8 0.0
Net cash used for investing activities (8.4) (4.5)
Financing activities:    
Increase in revolving lines of credit, net 63.6 5.5
Purchases of treasury stock (13.5) (1.0)
Redemptions of common stock to satisfy withholding taxes related to stock-based compensation (4.0) (1.1)
Cash dividends paid to stockholders (4.8) (4.8)
Other, net 0.1 0.0
Net cash provided by (used for) financing activities 41.4 (1.4)
Effects of foreign exchange rate changes on cash and cash equivalents (0.4) 0.0
Increase (decrease) in cash and cash equivalents 37.8 (14.7)
Cash and cash equivalents at beginning of year 31.6 37.4
Cash and cash equivalents at end of period $ 69.4 $ 22.7