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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities    
Net income $ 28.9 $ 36.5
Reconciliation to net cash used for operating activities:    
Depreciation and amortization 29.8 31.0
Amortization related to financing 0.0 0.1
Deferred income taxes 2.7 (0.7)
Stock-based compensation 9.7 13.1
Restructuring expenses, net of payments (0.3) 0.7
Debt Extinguishment costs 0.4 0.0
Loss on divestiture of assets 1.1 0.0
Changes in assets and liabilities:    
Increase in accounts receivable (42.5) (37.5)
Increase in inventories (16.8) (23.0)
Increase decrease in prepaid expenses and other current assets (5.7) (10.0)
Decrease in accounts payable/accrued liabilities (32.7) (14.0)
Other – net (3.1) (3.2)
Net cash used for operating activities (28.5) (7.0)
Cash flows from investing activities    
Capital expenditures (26.1) (28.7)
Payments on divestiture of assets (1.1) 0.0
Net cash used for investing activities (27.2) (28.7)
Cash flows from financing activities    
Borrowing from senior unsecured credit facility 90.0 15.0
Redemption of 4.7% senior notes due 2025 (300.0) 0.0
Proceeds from issuance of 5.875% senior notes due 2035 300.0 0.0
Repurchases of common stock (50.4) (100.7)
Repayment of finance lease obligation and other debt, net (4.2) (0.1)
Dividends paid (13.8) (12.6)
Activity under stock plans (3.4) (5.9)
Net cash provided by (used for) financing activities 18.2 (104.3)
Effect of exchange rate changes on cash and cash equivalents 1.3 (1.1)
Net decrease in cash and cash equivalents (36.2) (141.1)
Cash and cash equivalents at beginning of period 125.4 227.0
Cash and cash equivalents at end of period 89.2 85.9
Supplemental data:    
Accrual basis additions to plant, property, and equipment $ 17.1 $ 18.6