XML 46 R7.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating activities:      
Net income $ 96.2 $ 108.5 $ 94.0
Adjustments to reconcile net income to net cash provided by operating activities:      
Net gain on discontinued operations and disposal (0.1) (0.1) (0.3)
Depreciation and amortization 44.8 41.5 36.4
Deferred financing costs 0.3 0.3 0.4
Deferred gain 0.0 0.0 (1.9)
Stock-based compensation expense 8.4 8.8 7.6
Pension-related expense, net of funding (6.6) (0.1) (7.8)
Changes in fair value of contingent consideration and deferred payment (0.1) 1.0 1.1
Payments for acquisition-related activity 0.0 (3.1) 0.0
Deferred income taxes, including change in valuation allowance 5.8 3.3 (5.6)
Changes in operating assets and liabilities:      
Accounts receivable 8.6 (4.7) (7.9)
Inventories 2.5 (10.4) (22.6)
Prepaid expenses and other current assets (0.6) (2.2) (1.0)
Rental equipment (16.9) (35.5) (30.6)
Accounts payable (13.9) (6.6) 15.6
Customer deposits 1.7 (5.1) 3.7
Accrued liabilities (1.2) 2.8 8.2
Income taxes 1.3 1.3 2.2
Other 6.1 3.7 1.3
Net cash provided by continuing operating activities 136.3 103.4 92.8
Net cash used for discontinued operating activities (0.1) (0.3) 0.0
Net cash provided by operating activities 136.2 103.1 92.8
Investing activities:      
Purchases of properties and equipment (29.7) (35.4) (14.1)
(Payments for) proceeds from acquisition-related activity (5.4) (49.6) 3.0
Other, net 0.7 0.6 0.1
Net cash used for investing activities (34.4) (84.4) (11.0)
Financing activities:      
(Decrease) increase in revolving lines of credit, net (11.8) 7.4 (62.1)
Payments of debt financing fees 0.0 (1.0) 0.0
Purchases of treasury stock (13.7) (1.0) (1.2)
Redemptions of common stock to satisfy withholding taxes related to stock-based compensation (9.1) (2.1) (0.5)
Payments for acquisition-related activity 0.0 (10.3) 0.0
Cash dividends paid to stockholders (19.4) (19.3) (18.7)
Proceeds from stock compensation activity 0.6 1.7 1.3
Net cash used for financing activities (53.4) (24.6) (81.2)
Effects of foreign exchange rate changes on cash and cash equivalents 1.7 0.1 (0.7)
Increase (decrease) in cash and cash equivalents 50.1 (5.8) (0.1)
Cash and cash equivalents at beginning of year 31.6 37.4 37.5
Cash and cash equivalents at end of year $ 81.7 $ 31.6 $ 37.4