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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Mar. 31, 2024
Apr. 02, 2023
Dec. 31, 2023
Operating activities      
Net income $ 2.7 $ 0.5  
Net (loss) / income from discontinued operations (0.1) 0.0  
Net income from continuing operations 2.8 0.5  
Adjustments to reconcile net income to net cash used by operating activities      
Depreciation 2.2 3.1  
Amortization of purchased intangible assets 0.2 0.2  
Amortization of debt issuance costs 0.1 0.1  
Share-based compensation charges 0.6 0.6  
Deferred income taxes 0.1 1.2  
Defined benefit pension charge 0.3 8.9  
Defined benefit pension contributions 0.0 (2.3)  
Changes in assets and liabilities      
Accounts and other receivables (6.9) (2.3)  
Inventories (8.2) (17.1)  
Current assets held-for-sale 0.7 1.5  
Accounts payable 5.7 (2.4)  
Accrued liabilities 3.1 (1.0)  
Current liabilities held-for-sale 0.6 (0.9)  
Other current liabilities 3.7 (3.5)  
Other non-current assets and liabilities (1.4) (1.0)  
Net cash provided / (used) by operating activities - continuing 3.6 (14.4)  
Net cash provided by operating activities - discontinued 0.1 0.0  
Net cash provided / (used) by operating activities 3.7 (14.4)  
Investing activities      
Capital expenditures (1.4) (2.0)  
Net cash used by investing activities - continuing (1.4) (2.0)  
Net cash used by investing activities - discontinued (0.1) 0.0  
Net cash used by investing activities (1.5) (2.0)  
Financing activities      
Repayment of bank overdraft (4.3) 0.0  
Net drawdown of long-term borrowings 10.6 9.9  
Repurchase of own shares (0.4) (0.8)  
Share-based compensation cash paid (0.1) (0.3)  
Dividends paid (3.5) (3.5) $ (3.5)
Net cash provided by financing activities 2.3 5.3  
Effect of exchange rate changes on cash and cash equivalents 0.0 0.3  
Net increase / (decrease) 4.5 (10.8)  
Cash, cash equivalents and restricted cash; beginning of year 2.6 12.9 12.9
Cash, cash equivalents and restricted cash; end of the First Quarter 7.1 2.1 $ 2.6
Supplemental cash flow information:      
Interest payments 1.4 1.4  
Income tax receipts, net $ 0.0 $ (0.5)