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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating activities:    
Net income $ 67.7 $ 54.0
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 29.8 27.1
Stock-based compensation expense 5.8 5.4
Changes in fair value of contingent consideration (0.2) 0.0
Amortization of interest rate swap settlement gain (1.2) 0.0
Deferred income taxes 2.2 3.2
Changes in operating assets and liabilities (61.1) (67.3)
Net cash provided by operating activities 43.0 22.4
Investing activities:    
Purchases of properties and equipment (15.7) (41.5)
Payments for acquisition-related activity, net of cash acquired (56.0) (5.9)
Other, net 0.3 1.4
Net cash used for investing activities (71.4) (46.0)
Financing activities:    
Increase in revolving lines of credit, net 44.7 44.1
Purchases of treasury stock 0.0 (16.1)
Redemptions of common stock to satisfy withholding taxes related to stock-based compensation (5.4) (2.5)
Payments for acquisition-related activity (0.5) 0.0
Cash dividends paid to stockholders (11.6) (10.9)
Proceeds from stock-based compensation activity 2.0 0.1
Other, net 0.0 0.2
Net cash provided by financing activities 29.2 14.9
Effects of foreign exchange rate changes on cash and cash equivalents 0.5 (0.6)
Increase (decrease) in cash and cash equivalents 1.3 (9.3)
Cash and cash equivalents at beginning of year 47.5 40.5
Cash and cash equivalents at end of period $ 48.8 $ 31.2