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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 28, 2025
Sep. 29, 2024
OPERATING ACTIVITIES    
Net income $ 68.7 $ 111.9
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 51.2 39.5
Amortization of intangibles 19.2 13.7
Restructuring charges, net of cash payments 3.0 4.3
Write-off and amortization of finance fees 2.1 8.2
Stock-based compensation 15.2 16.8
Recognition of pension settlement charge 0.2 0.0
Changes in operating assets and liabilities:    
Accounts receivable (26.6) (2.3)
Inventories 4.4 (32.5)
Other current assets (9.7) (1.8)
Accounts payable (2.2) 18.0
Accrued expenses and other current liabilities (27.5) (3.5)
Other items 10.8 4.6
NET CASH PROVIDED BY OPERATING ACTIVITIES 108.8 176.9
INVESTING ACTIVITIES    
Capital expenditures [1] (43.8) (34.6)
Proceeds from the disposition of assets 3.7 8.4
Acquisition of business, net of cash acquired 0.0 (515.7)
NET CASH USED IN INVESTING ACTIVITIES (40.1) (541.9)
FINANCING ACTIVITIES    
Proceeds from revolving credit facility borrowings 150.0 430.0
Issuance of Senior Notes 0.0 700.0
Repayment of revolving credit facility borrowings (205.0) (55.0)
Repayment of term loan 0.0 (712.5)
Payment of financing fees 0.0 (17.8)
Repurchase of common stock (18.1) (6.5)
Payments of employee taxes withheld from share-based awards (4.8) (5.3)
Other items (1.9) (1.6)
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES (79.8) 331.3
Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash 4.9 (5.6)
NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH (6.2) (39.3)
Cash, cash equivalents, and restricted cash at beginning of period 121.6 148.7
Cash, cash equivalents, and restricted cash at end of period 115.4 109.4
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation [Abstract]    
Cash and cash equivalents 114.8 108.4
Restricted cash included in other assets 0.6 1.0
Total cash, cash equivalents and restricted cash $ 115.4 $ 109.4
[1] Capital expenditures of $6.9 million and $2.4 million that have not been paid as of September 28, 2025 and September 29, 2024, respectively, were excluded from the condensed consolidated statements of cash flows.