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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
9 Months Ended
Sep. 26, 2021
Sep. 27, 2020
Operating activities    
Net income $ 30.3 $ 12.9
Net (income) / loss from discontinued operations (3.8) 1.3
Net income from continuing operations 26.5 14.2
Adjustments to reconcile net income to net cash provided by operating activities    
Equity in net loss from affiliates 0.0 0.1
Depreciation 10.5 9.4
Amortization of purchased intangible assets 0.7 0.6
Amortization of debt issuance costs 0.3 0.4
Share-based compensation charges 2.2 2.1
Deferred income taxes (2.2) 0.4
Defined benefit pension credit (1.8) (3.3)
Defined benefit pension contributions (4.6) (2.7)
Changes in assets and liabilities    
Accounts and other receivables (10.2) 4.8
Inventories (5.4) 3.7
Other current assets (1.2) 10.7
Accounts payable 9.6 (9.5)
Accrued liabilities 8.6 2.7
Other current liabilities (0.3) 2.6
Other non-current assets and liabilities 1.4 0.3
Net cash provided by operating activities - continuing 34.1 36.5
Net cash provided by operating activities - discontinued 0.0 0.2
Net cash provided by operating activities 34.1 36.7
Investing activities    
Capital expenditures (5.6) (5.8)
Proceeds from sale of businesses and other 23.7 1.3
Acquisitions 19.3 0.0
Net cash used for investing activities - continuing (1.2) (4.5)
Net cash used for investing activities - discontinued 0.0 (0.2)
Net cash used for investing activities (1.2) (4.7)
Financing activities    
Net repayment of long-term borrowings (4.4) (16.5)
Deferred consideration paid 0.0 (0.4)
Proceeds from sale of shares 0.0 1.1
Repurchase of own shares (2.8) 0.0
Share-based compensation cash paid (1.9) (1.3)
Dividends paid (10.2) (10.2)
Net cash used for financing activities (19.3) (27.3)
Effect of exchange rate changes on cash and cash equivalents 0.1 (0.1)
Net increase 13.7 4.6
Cash, cash equivalents and restricted cash; beginning of year 1.5 10.3
Cash, cash equivalents and restricted cash; end of the Third Quarter 15.2 14.9
Supplemental cash flow information:    
Interest payments 2.5 3.5
Income tax payments $ 5.2 $ 1.6