XML 28 R7.htm IDEA: XBRL DOCUMENT v3.24.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating Activities    
Net (loss) earnings $ (256.8) $ 8.4
Adjustments to reconcile net (loss) earnings to cash from operating activities:    
Gain (Loss) on Disposition of Other Assets (1.1) (4.8)
Goodwill, Impairment Loss 249.4 0.0
Depreciation and amortization 27.4 23.2
Stock-based compensation 14.1 14.9
Gain (Loss) on Disposition of Intangible Assets (7.2) 0.0
Restructuring charges 0.4 (1.7)
Non-cash interest expense and amortization of debt issuance costs 4.3 0.4
Deferred income taxes 0.9 3.7
Other, net (0.4) (2.8)
Changes in assets and liabilities (excluding effects of foreign exchange):    
Receivables, net (1.0) 16.9
Inventories, net 3.4 (26.8)
Prepaid and other current assets (2.4) (2.4)
Accounts payable 2.8 7.3
Accrued compensation and employee benefits (0.6) (2.7)
Other accrued expenses (2.6) 0.5
Increase Decrease Accrued Taxes, Net 17.2 (2.6)
Other non-current assets and non-current liabilities (5.6) (9.1)
Net Cash Provided by (Used in) Operating Activities 42.2 22.4
Investing Activities    
Proceeds from Sale of Property, Plant, and Equipment 0.0 12.1
Proceeds from Sale of Other Assets 7.2 0.0
Capital expenditures (6.6) (7.9)
Payments for (Proceeds from) Investments (0.5) (0.4)
Proceeds from Sale of Short-term Investments 0.5 0.4
Net Cash Provided by (Used in) Investing Activities, Total 0.6 4.2
Financing Activities    
Repayments of Lines of Credit (92.0) 0.0
Borrowings under revolving credit facility 78.0 0.0
Payments for Repurchase of Common Stock 25.0 12.5
Tax on restricted and performance stock unit vesting and stock option exercises (5.9) (6.1)
Payments of finance lease obligations (1.3) (1.2)
Payments of Debt Issuance Costs 0.0 (1.9)
Proceeds from exercise of stock options 0.2 1.6
Net Cash Provided by (Used in) Financing Activities, Total (46.0) (20.1)
Effect of Exchange Rate on Cash and Cash Equivalents [Abstract]    
Effect of exchange rate changes on cash and cash equivalents (0.1) (0.3)
Net (decrease) increase in cash and cash equivalents (3.3) 6.2
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations 84.0 54.4
Supplemental information - cash paid for:    
Income taxes 6.3 7.0
Interest $ 6.9 $ 1.8