XML 18 R7.htm IDEA: XBRL DOCUMENT v3.21.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 28, 2021
Mar. 29, 2020
Operating activities    
Net income $ 14.5 $ 6.2
Net income / (loss) from discontinued operations, (5.9) 1.0
Net income from continuing operations 8.6 7.2
Adjustments to reconcile net income to net cash provided by / (used for) operating activities    
Depreciation 3.2 3.1
Amortization of purchased intangible assets 0.2 0.2
Amortization of debt issuance costs 0.1 0.1
Share-based compensation charges 0.5 0.5
Deferred income taxes 0.3 0.2
Defined benefit pension credit (0.6) (1.1)
Defined benefit pension contributions (1.4) (1.4)
Changes in assets and liabilities    
Accounts and other receivables (7.4) (4.2)
Inventories (0.1) (2.8)
Other current assets (1.7) (0.2)
Accounts payable 6.7 (5.0)
Accrued liabilities 2.5 (0.5)
Other current liabilities 2.0 (0.5)
Other non-current assets and liabilities 2.3 (0.1)
Net cash provided by / (used) operating activities - continuing 15.2 (4.5)
Net cash provided by operating activities - discontinued 0.0 0.0
Net cash provided by / (used for) operating activities 15.2 (4.5)
Investing activities    
Capital expenditures (1.4) (2.5)
Proceeds from sale of discontinued operations 21.0 0.0
Business acquisition (19.3) 0.0
Net cash provided by / (used) for investing activities - continuing 0.3 (2.5)
Net cash used for investing activities - discontinued 0.0 0.0
Net cash provided by / (used for) investing activities 0.3 (2.5)
Financing activities    
Net drawdown of long-term borrowings 19.5 18.9
Deferred consideration paid 0.0 (0.4)
Proceeds from sale of shares 0.0 0.1
Share-based compensation cash paid (1.3) (0.7)
Dividends paid (3.4) (3.4)
Net cash from financing activities 14.8 14.5
Effect of exchange rate changes on cash and cash equivalents 0.0 (0.4)
Net increase 30.3 7.1
Cash and cash equivalents; beginning of year 1.5 10.3
Cash and cash equivalents; end of the First Quarter 31.8 17.4
Supplemental cash flow information:    
Interest payments 0.9 1.3
Income tax payments $ 0.0 $ 0.1