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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Apr. 02, 2023
Mar. 27, 2022
Operating activities    
Net income $ 0.5 $ 7.6
Net (income) / loss from discontinued operations 0.0 0.1
Net income from continuing operations 0.5 7.7
Adjustments to reconcile net income to net cash used by operating activities    
Depreciation 3.1 3.5
Amortization of purchased intangible assets 0.2 0.2
Amortization of debt issuance costs 0.1 0.2
Share-based compensation charges 0.6 0.2
Deferred income taxes 1.2 0.1
Defined benefit pension charge / (credit) 8.9 (0.4)
Defined benefit pension contributions (2.3) 0.0
Changes in assets and liabilities    
Accounts and other receivables (2.3) (12.2)
Inventories (17.1) (16.2)
Other current assets 1.5 (3.0)
Accounts payable (2.4) 6.8
Accrued liabilities (1.0) 3.4
Other current liabilities (4.4) 2.0
Other non-current assets and liabilities (1.0) (1.6)
Net cash used by operating activities - continuing (14.4) (9.3)
Net cash provided by operating activities - discontinued 0.0 0.0
Net cash used by operating activities (14.4) (9.3)
Investing activities    
Capital expenditures (2.0) (1.0)
Net cash used by investing activities - continuing (2.0) (1.0)
Net cash used by investing activities - discontinued 0.0 0.0
Net cash used by investing activities (2.0) (1.0)
Financing activities    
Net drawdown of long-term borrowings 9.9 26.7
Repurchase of own shares (0.8) (1.5)
Share-based compensation cash paid (0.3) (0.4)
Dividends paid (3.5) (3.4)
Net cash provided by financing activities 5.3 21.4
Effect of exchange rate changes on cash and cash equivalents 0.3 (0.2)
Net increase (10.8) 10.9
Cash, cash equivalents and restricted cash; beginning of year 12.9 6.4
Cash, cash equivalents and restricted cash; end of the First Quarter 2.1 17.3
Supplemental cash flow information:    
Interest payments 1.4 0.8
Income tax receipts, net $ (0.5) $ (0.1)