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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash Flows from Operating Activities      
Net income $ 28.7 $ 112.2 $ 85.0
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 46.0 47.6 49.6
Impairment of intangible assets 19.8 0.0 0.0
Impairment of tangible assets 2.0 0.0 0.0
Deferred tax (benefit)/expense (2.5) (0.8) 5.5
Cash contributions to defined benefit pension plans (0.0) (0.4) (1.0)
Non-cash income of defined benefit pension plans (4.0) (6.1) (4.3)
Stock option compensation 5.8 6.6 4.9
Changes in assets and liabilities, net of effects of acquired and divested companies:      
Trade and other accounts receivable 74.4 (18.2) (40.1)
Inventories 25.5 2.4 (42.2)
Prepaid expenses (1.0) (3.1) 0.5
Accounts payable and accrued liabilities (45.9) 23.2 38.4
Accrued income taxes (10.3) (2.4) (6.1)
Plant closure provisions 8.5 0.0 3.6
Unrecognized tax benefits (0.4) 2.5 11.5
Other assets and liabilities (0.7) (1.9) (0.4)
Net cash provided by operating activities 145.9 161.6 104.9
Cash Flows from Investing Activities      
Capital expenditures (29.7) (29.9) (28.9)
Business combinations, net of cash acquired (0.0) (0.0) (5.4)
Internally developed software (0.0) (1.1) (1.2)
Net cash used in investing activities (29.7) (31.0) (35.5)
Cash Flows from Financing Activities      
Non-controlling interest 0.1 0.0 0.0
Proceeds from revolving credit facility 15.0 105.5 10.0
Repayments of revolving credit facility (75.0) (171.5) (5.0)
Repayment of term loans 0.0 (82.5) (16.5)
Repayment of finance leases (1.1) (1.7) (2.7)
Refinancing costs (0.3) (1.5) (0.0)
Dividend paid (25.6) (25.0) (21.7)
Issue of treasury stock 2.2 1.2 1.1
Repurchase of common stock (2.1) (2.4) (1.4)
Net cash used in financing activities (86.8) (177.9) (36.2)
Effect of foreign currency exchange rate changes on cash 0.2 (0.1) (0.3)
Net change in cash and cash equivalents 29.6 (47.4) 32.9
Cash and cash equivalents at beginning of year 75.7 123.1 90.2
Cash and cash equivalents at end of year $ 105.3 $ 75.7 $ 123.1