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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash provided by (used in) operating activities:    
Net income (loss) $ 50.7 $ 60.8
Adjustments to reconcile net income (loss) to cash provided by (used in) operating activities:    
Depreciation and amortization 31.1 27.1
Non cash operating lease costs 4.3 4.6
Deferred income taxes (0.9) 1.4
LIFO reserve 22.3 10.7
Share-based compensation 4.0 3.0
Gain on sale of strategic investment (19.2) 0.0
Other non-cash items 4.7 1.8
Changes in operating assets and liabilities, net of effect of acquisitions:    
Accounts receivable, net (14.0) (46.1)
Inventories, net (48.1) (30.4)
Prepaid and other current assets 5.2 (1.0)
Accounts payable (0.8) 7.7
Accrued expenses (2.7) 3.3
Accrued payroll and employee benefits (31.7) (25.8)
Income taxes 9.5 11.2
Operating leases (5.2) (5.4)
Changes in other operating assets and liabilities, net (4.0) 1.4
Net cash provided by (used in) operating activities 5.2 24.3
Cash provided by (used in) investing activities:    
Capital expenditures (25.4) (27.6)
Proceeds from sale of strategic investment 31.4 0.0
Other investing activities, net (4.1) (2.6)
Net cash provided by (used in) investing activities 1.9 (30.2)
Cash provided by (used in) financing activities:    
Proceeds from revolving credit facility 90.3 0.0
Payments on revolving credit facility (60.3) 0.0
Payments on long-term borrowings 0.0 (4.7)
Finance lease obligations, net (0.3) (0.2)
Tax payments related to withholdings on vested equity awards (4.5) (1.8)
Proceeds and withholdings from share-based compensation plans, net 2.6 0.8
Repurchases of common stock under publicly announced plan (33.4) (40.4)
Net cash provided by (used in) financing activities (5.6) (46.3)
Increase (decrease) in cash, cash equivalents, and restricted cash 1.5 (52.2)
Effect of exchange rate changes on cash (0.4) (0.7)
Change in cash, cash equivalents, and restricted cash 1.1 (52.9)
Cash, cash equivalents, and restricted cash at beginning of period 77.3 276.1
Cash, cash equivalents and restricted cash at end of period [1] 78.4 223.2
Supplemental cash flow information:    
Cash paid for interest, net of capitalized interest 15.3 11.0
Cash paid for income taxes, net of refunds 4.7 3.5
Purchases of property, plant, and equipment in accounts payable 4.3 5.3
Leased assets obtained in exchange for new operating lease liabilities $ 3.9 $ 2.9
[1] Includes restricted cash of $0.5 million and $0.6 million and cash and cash equivalents of $77.9 million and $222.6 million at March 31, 2023 and 2022, respectively. Restricted cash is included within "Prepaid and other current assets" within the condensed consolidated balance sheets.