XML 19 R8.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Apr. 01, 2018
Cash flows from operating activities:    
Net earnings $ 22.1 $ 29.1
Adjustments to reconcile net earnings to net cash from operating activities:    
Depreciation and amortization 7.6 6.3
Provision for bad debts 0.3 1.7
Stock-based compensation 3.2 2.5
Gain on investment in Persol Holdings (13.2) (23.7)
Equity in net earnings of PersolKelly Asia Pacific 0.4 (1.5)
Other, net (0.4) 0.1
Changes in operating assets and liabilities, net of acquisitions 1.2 (18.6)
Net cash from (used in) operating activities 21.2 (4.1)
Cash flows from investing activities:    
Capital expenditures (4.2) (4.6)
Acquisition of companies, net of cash received (86.4) 0.0
Other investing activities 0.3 (0.3)
Net cash used in investing activities (90.3) (4.9)
Cash flows from financing activities:    
Net change in short-term borrowings 72.0 23.2
Dividend payments (3.0) (2.9)
Payments of tax withholding for stock awards (2.3) (6.2)
Net cash from financing activities 66.7 14.1
Effect of exchange rates on cash, cash equivalents and restricted cash (1.9) (0.9)
Net change in cash, cash equivalents and restricted cash (4.3) 4.2
Cash, cash equivalents and restricted cash at beginning of period 40.1 36.9
Cash, cash equivalents and restricted cash at end of period 35.8 41.1
Cash and cash equivalents 30.9 36.6
Restricted cash included in prepaid expenses and other current assets 0.2 0.1
Restricted cash included in other assets $ 4.7 $ 4.4