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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 27, 2022
Mar. 28, 2021
Operating activities    
Net income $ 7.6 $ 14.5
Net loss / (income) from discontinued operations 0.1 (5.9)
Net income from continuing operations 7.7 8.6
Adjustments to reconcile net income to net cash (used for) / provided by operating activities    
Depreciation 3.5 3.2
Amortization of purchased intangible assets 0.2 0.2
Amortization of debt issuance costs 0.2 0.1
Share-based compensation charges 0.2 0.5
Deferred income taxes 0.1 0.3
Defined benefit pension credit (0.4) (0.6)
Defined benefit pension contributions 0.0 (1.4)
Changes in assets and liabilities    
Accounts and other receivables (12.2) (7.4)
Inventories (16.2) (0.1)
Other current assets (3.0) (1.7)
Accounts payable 6.8 6.7
Accrued liabilities 3.4 2.5
Other current liabilities 2.0 2.0
Other non-current assets and liabilities (1.6) 2.3
Net cash (used for) / provided by operating activities - continuing (9.3) 15.2
Net cash provided by operating activities - discontinued 0.0 0.0
Net cash (used for) / provided by operating activities (9.3) 15.2
Investing activities    
Capital expenditures (1.0) (1.4)
Proceeds from sale of discontinued operations 0.0 21.0
Business acquisition 0.0 (19.3)
Net cash (used for) / provided by investing activities - continuing (1.0) 0.3
Net cash used for investing activities - discontinued 0.0 0.0
Net cash (used for) / provided by investing activities (1.0) 0.3
Financing activities    
Net drawdown of long-term borrowings 26.7 19.5
Share-based compensation cash paid (0.4) (1.3)
Dividends paid (3.4) (3.4)
Repurchases of ordinary shares (1.5) 0.0
Net cash from financing activities 21.4 14.8
Effect of exchange rate changes on cash and cash equivalents (0.2) 0.0
Net increase 10.9 30.3
Cash, cash equivalents and restricted cash; beginning of year (1) 6.4 1.5
Cash, cash equivalents and restricted cash; end of the First Quarter (1) 17.3 31.8
Supplemental cash flow information:    
Interest payments 0.8 0.9
Income tax receipts, net $ (0.1) $ 0.0