XML 18 R7.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements Of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating activities      
Net income $ 62.0 $ 106.8 $ 106.7
Amortization of inventory step-up 0.0 0.9 0.1
Loss on disposal of assets 0.2 0.7 0.2
Deferred income tax (benefit) expense (7.6) 8.7 22.7
Depreciation 37.9 34.9 34.0
Amortization of debt issuance costs 2.4 2.3 2.1
Amortization of intangibles 32.8 35.4 36.7
Stock-based compensation 6.5 10.1 8.8
Loss on debt extinguishment 0.0 0.2 0.3
Other Noncash Income (Expense) 1.1 0.0 0.0
Changes in balance sheet items:      
Accounts receivable 101.6 (14.8) 46.0
Inventories 2.2 71.4 (92.9)
Other assets 14.7 (0.4) 5.5
Accounts payable (68.8) (32.8) 101.0
Accrued expenses and other liabilities (58.2) (26.7) (72.5)
Accrued income taxes (7.6) 7.2 (3.9)
Net cash provided by operating activities 119.2 203.9 194.8
Investing activities      
Additions to property, plant and equipment (15.3) (32.8) (34.1)
Proceeds from the disposition of assets 0.0 0.5 0.2
Cost of acquisitions, net of cash acquired (339.4) (41.3) (38.0)
Other assets acquired 0.0 (6.0) 0.0
Net cash used by investing activities (354.7) (79.6) (71.9)
Financing activities      
Proceeds from long-term borrowings 438.6 325.8 225.3
Repayments of long-term debt (151.9) (387.9) (249.5)
Proceeds (repayments) of notes payable, net 2.1 (8.5) 0.0
Payments for debt issuance costs (3.2) (3.4) (0.6)
Repurchases of common stock (18.9) (65.0) (75.0)
Dividends paid (24.6) (24.4) (25.1)
Payments related to tax withholding for stock-based compensation (1.8) (4.2) (7.5)
Proceeds from the exercise of stock options 4.4 4.2 6.8
Net cash provided (used) by financing activities 244.7 (163.4) (125.6)
Effect of foreign exchange rate changes on cash and cash equivalents (0.4) (0.1) (7.2)
Net increase (decrease) in cash and cash equivalents 8.8 (39.2) (9.9)
Cash and cash equivalents      
Beginning of the period 27.8 67.0 76.9
End of the period 36.6 27.8 67.0
Supplemental Cash Flow Information [Abstract]      
Interest 36.0 42.1 37.9
Income taxes $ 32.2 $ 41.9 $ 33.7