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Condensed Consolidated Statements of Cash Flow - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating    
Net income $ 20.5 $ 13.7
Less: Loss from discontinued operations (0.4) 0.0
Income from continuing operations 20.9 13.7
Non-cash items included in net income:    
Depreciation and amortization 15.6 16.6
Deferred income tax provision 0.8 0.0
Pension and other postretirement benefits 1.0 1.0
Stock-based compensation 1.5 1.4
(Income) loss from equity affiliates 0.3 (0.1)
Other items 0.3 (0.4)
Changes in operating working capital, net of assets acquired:    
Accounts receivable (13.1) (8.6)
Increase (Decrease) in Inventories (1.7) (2.2)
Prepaid expenses (2.7) (1.7)
Accounts payable 2.1 (0.9)
Accrued expenses (9.6) (7.3)
Accrued income taxes 3.2 (3.0)
Net changes in operating working capital (18.4) (19.3)
Net cash provided by (used in) operating activities of:    
- Continuing operations 22.0 12.9
- Discontinued operations 0.0 0.1
Net cash provided by operations 22.0 13.0
Investing    
Capital spending (6.0) (11.1)
Capitalized software costs (0.4) (0.8)
Acquisitions, net of cash acquired 0.0 (293.4)
Other investing (0.8) (0.6)
Net cash used in investing (7.2) (305.9)
Financing    
Cash dividends paid to SWM stockholders (13.2) 0.0
Proceeds from (Repayments of) Short-term Debt (1.4) 0.0
Proceeds from issuances of long-term debt 0.0 286.5
Payments on long-term debt (9.7) (0.7)
Purchases of common stock (2.5) (1.1)
Payments for debt issuance costs 0.0 (0.6)
Net cash provided by (used in) financing (26.8) 284.1
Effect of exchange rate changes on cash and cash equivalents 1.2 1.2
Decrease in cash and cash equivalents (10.8) (7.6)
Cash and cash equivalents at beginning of period 106.9 107.4
Cash and cash equivalents at end of period 96.1 99.8
Supplemental Cash Flow Disclosures    
Cash paid for interest 6.3 3.5
Cash paid for taxes, net 3.4 9.8
Change in capital spending in accounts payable and accrued liabilities 1.0 3.4
Deferred and contingent business acquisition consideration $ 0.0 $ 8.6