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Condensed Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operating activities    
Net income $ 32.2 $ 63.3
Amortization of inventory step-up 0.0 0.2
Depreciation 28.2 26.3
Other non-cash items 0.5 0.2
Amortization of debt issuance costs 1.7 1.7
Amortization of intangibles 24.1 26.8
Stock-based compensation 5.2 6.3
Loss on debt extinguishment 0.0 0.3
Changes in balance sheet items:    
Accounts receivable 78.7 54.0
Inventories (28.4) 34.8
Other assets (1.0) (2.6)
Accounts payable (67.1) (102.1)
Accrued expenses and other liabilities (47.3) (40.8)
Accrued income taxes (5.0) 6.7
Net cash provided by operating activities 21.8 75.1
Investing activities    
Additions to property, plant and equipment (11.8) (21.9)
Proceeds from the disposition of assets 0.0 0.1
Payments to Acquire Businesses, Net of Cash Acquired 0.6 (42.1)
Other assets acquired 0.0 (5.2)
Net cash used by investing activities (11.2) (69.1)
Financing activities    
Proceeds from long-term borrowings 231.5 325.9
Repayments of long-term debt (146.4) (272.0)
Proceeds/repayments of notes payable, net 2.5 (8.6)
Payments for debt issuance costs (1.6) (3.3)
Dividends paid (18.4) (18.1)
Repurchases of common stock (18.9) (56.8)
Payments related to tax withholding for stock-based compensation (1.8) (4.3)
Proceeds from the exercise of stock options 1.7 3.1
Net cash provided (used) by financing activities 48.6 (34.1)
Effect of foreign exchange rate changes on cash and cash equivalents (1.2) (1.2)
Net increase (decrease) in cash and cash equivalents 58.0 (29.3)
Cash and cash equivalents    
Beginning of the period 27.8 67.0
End of the period 85.8 37.7
Cash paid during the year for:    
Interest 21.4 27.6
Income taxes $ 20.1 $ 38.6