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Condensed Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating activities    
Net income $ 35.3 $ 36.1
Amortization of inventory step-up 0.1 0.0
Loss on disposal of assets 0.0 0.1
Depreciation 17.5 17.5
Amortization of debt issuance costs 1.0 1.0
Amortization of intangibles 18.2 17.8
Stock-based compensation 5.4 7.2
Loss on debt extinguishment 0.3 0.3
Changes in balance sheet items:    
Accounts receivable (29.7) 7.8
Inventories (26.6) (74.7)
Other assets (9.4) (8.4)
Accounts payable (74.4) 60.0
Accrued expenses and other liabilities (55.6) (66.7)
Accrued income taxes 2.2 (4.5)
Net cash used by operating activities (115.7) (6.5)
Investing activities    
Additions to property, plant and equipment (14.7) (17.0)
Proceeds from the disposition of assets 0.3 0.0
Other assets acquired (5.2) 0.0
Net cash used by investing activities (19.6) (17.0)
Financing activities    
Proceeds from long-term borrowings 325.8 210.4
Repayments of long-term debt (105.0) (54.5)
(Repayments) borrowings of notes payable, net (1.4) 0.3
Payments for debt issuance costs (3.3) 0.0
Dividends paid (12.2) (12.7)
Repurchases of common stock (37.9) (50.2)
Payments related to tax withholding for stock-based compensation (4.3) (7.4)
Proceeds from the exercise of stock options 0.2 6.2
Net cash provided by financing activities 161.9 92.1
Effect of foreign exchange rate changes on cash and cash equivalents 0.5 (6.3)
Net increase in cash and cash equivalents 27.1 62.3
Cash and cash equivalents    
Beginning of the period 67.0 76.9
End of the period $ 94.1 $ 139.2