XML 21 R10.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jul. 04, 2021
Jun. 28, 2020
Jul. 04, 2021
Jun. 28, 2020
Cash flows from operating activities:        
Net earnings (loss) $ 24.0 $ 41.1 $ 49.6 $ (112.1)
Adjustments to reconcile net earnings (loss) to net cash from operating activities:        
Goodwill impairment charge 0.0 0.0 0.0 147.7
Deferred income taxes on goodwill impairment charge     0.0 (23.0)
Depreciation and amortization     14.1 12.0
Operating lease asset amortization     10.7 10.5
Provision for credit losses and sales allowances     0.0 0.1
Stock-based compensation     2.8 2.4
(Gain) loss on investment in Persol Holdings (6.3) (29.6) (36.3) 48.2
Gain on sale of assets 0.0 0.0 0.0 (32.1)
Equity in net (earnings) loss of PersolKelly Pte. Ltd. (1.7) 1.3 (0.6) 2.8
Other, net     2.2 0.8
Changes in operating assets and liabilities, net of acquisitions     5.1 120.8
Net cash from operating activities     47.6 178.1
Cash flows from investing activities:        
Capital expenditures     (4.9) (7.7)
Proceeds from sale of assets     0.0 55.5
Acquisition of companies, net of cash received     (219.0) (36.4)
Proceeds (payments) related to loans with equity affiliate     5.8 0.0
Proceeds from company-owned life insurance     10.4 2.3
Proceeds from (investment in) equity securities     5.0 0.0
Other investing activities     1.0 (0.4)
Net cash (used in) from investing activities     (201.7) 13.3
Cash flows from financing activities:        
Net change in short-term borrowings     (0.1) (1.4)
Financing lease payments     (0.3) (0.6)
Payments of tax withholding for stock awards     (0.6) (1.1)
Dividend payments     0.0 (3.0)
Other financing activities     0.0 (0.1)
Net cash used in financing activities     (1.0) (6.2)
Effect of exchange rates on cash, cash equivalents and restricted cash     (2.3) 5.7
Net change in cash, cash equivalents and restricted cash     (157.4) 190.9
Cash, cash equivalents and restricted cash at beginning of period     228.1 31.0
Cash, cash equivalents and restricted cash at end of period 70.7 221.9 70.7 221.9
Cash and cash equivalents 64.4 216.2 64.4 216.2
Restricted cash included in prepaid expenses and other current assets 0.1 0.5 0.1 0.5
Restricted cash included in other assets $ 6.2 $ 5.2 $ 6.2 $ 5.2