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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 9 Months Ended
Sep. 29, 2024
Sep. 24, 2023
OPERATING ACTIVITIES    
Net income $ 111.9 $ 145.9
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 39.5 34.9
Amortization of intangibles 13.7 11.6
Restructuring charges, net of cash payments 4.3 (13.9)
Write-off and amortization of finance fees 8.2 1.7
Stock-based compensation 16.8 13.2
Changes in operating assets and liabilities:    
Accounts receivable (2.3) 60.1
Inventories (32.5) 103.9
Other current assets (1.8) 6.9
Accounts payable 18.0 (42.8)
Accrued expenses and other current liabilities (3.5) 9.2
Other items 4.6 5.8
NET CASH PROVIDED BY OPERATING ACTIVITIES 176.9 336.5
INVESTING ACTIVITIES    
Capital expenditures [1] (34.6) (21.4)
Proceeds from the disposition of assets 8.4 0.3
Acquisition of business, net of cash acquired (515.7) 0.0
NET CASH USED IN INVESTING ACTIVITIES (541.9) (21.1)
FINANCING ACTIVITIES    
Proceeds from revolving credit facility borrowings 430.0 55.0
Issuance of Senior Notes 700.0 0.0
Repayment of revolving credit facility borrowings (55.0) (290.0)
Repayment of term loan (712.5) (37.5)
Payment of financing fees (17.8) 0.0
Repurchase of common stock (6.5) (15.6)
Payments of employee taxes withheld from share-based awards (5.3) (3.0)
Other items (1.6) (1.0)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 331.3 (292.1)
Effect of foreign exchange rate changes on cash and cash equivalents (5.6) (1.9)
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (39.3) 21.4
Cash, cash equivalents, and restricted cash at beginning of period 148.7 101.1
Cash, cash equivalents, and restricted cash at end of period 109.4 122.5
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents [Abstract]    
Cash and cash equivalents 108.4 122.5
Restricted cash included in other assets 1.0 0.0
Total cash, cash equivalents and restricted cash $ 109.4 $ 122.5
[1] Capital expenditures of $2.4 million and $3.7 million that have not been paid as of September 29, 2024 and September 24, 2023, respectively, were excluded from the condensed consolidated statements of cash flows.