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Condensed Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating activities    
Net income $ 63.3 $ 71.7
Amortization of inventory step-up 0.2 0.0
Loss on disposal of assets 0.0 0.1
Depreciation 26.3 25.5
Other non-cash items (0.2) 0.0
Amortization of debt issuance costs 1.7 1.5
Amortization of intangibles 26.8 27.2
Stock-based compensation 6.3 6.0
Loss on debt extinguishment 0.3 0.3
Changes in balance sheet items:    
Accounts receivable 54.0 46.2
Inventories 34.8 (81.2)
Other assets (2.6) (0.6)
Accounts payable (102.1) 39.1
Accrued expenses and other liabilities (40.8) (58.1)
Accrued income taxes 6.7 7.0
Net cash provided by operating activities 75.1 84.7
Investing activities    
Additions to property, plant and equipment (21.9) (26.3)
Proceeds from the disposition of assets 0.1 0.2
Cost of acquisitions, net of cash acquired 42.1 37.3
Other assets acquired (5.2) 0.0
Net cash used by investing activities (69.1) (63.4)
Financing activities    
Proceeds from long-term borrowings 325.9 217.4
Repayments of long-term debt (272.0) (118.3)
(Repayments) borrowings of notes payable, net (8.6) 0.0
Payments for debt issuance costs (3.3) (0.6)
Dividends paid (18.1) (18.9)
Repurchases of common stock (56.8) (75.0)
Payments related to tax withholding for stock-based compensation (4.3) (7.5)
Proceeds from the exercise of stock options 3.1 6.8
Net cash (used) provided by financing activities (34.1) 3.9
Effect of foreign exchange rate changes on cash and cash equivalents (1.2) (7.1)
Net (decrease) increase in cash and cash equivalents (29.3) 18.1
Cash and cash equivalents    
Beginning of the period 67.0 76.9
End of the period 37.7 95.0
Cash paid during the year for:    
Interest 27.6 22.8
Income taxes $ 38.6 $ 24.5