XML 24 R6.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements Of Cash Flows (Unaudited) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Operating activities    
Net income $ 28.2 $ 13.4
Amortization of inventory step-up 2.4 0.0
Change in fair value of contingent consideration 11.6 0.0
Depreciation 19.6 18.4
Other non-cash items 0.0 0.5
Amortization of debt issuance costs 1.5 1.1
Amortization of intangibles 23.6 16.2
Stock-based compensation 9.0 3.4
Loss on debt extinguishment 3.7 0.0
Changes in balance sheet items:    
Accounts receivable (54.5) 58.8
Inventories (77.9) (66.4)
Other assets (32.2) (5.9)
Accounts payable 42.3 (23.0)
Accrued expenses and other liabilities (12.3) (78.3)
Accrued income taxes (20.1) (5.7)
Net cash used by operating activities (55.1) (67.5)
Investing activities    
Additions to property, plant and equipment (9.3) (8.9)
Cost of acquisitions, net of cash acquired 15.4 0.6
Net cash provided (used) by investing activities 6.1 (8.3)
Financing activities    
Proceeds from long-term borrowings 648.8 227.4
Repayments of long-term debt (529.2) (15.8)
Proceeds of notes payable, net 2.2 0.0
Payment for debt premium (9.8) 0.0
Payments for debt issuance costs (10.5) (1.6)
Dividends paid (12.4) (12.3)
Repurchases of common stock 0.0 (18.9)
Payments related to tax withholding for stock-based compensation (0.9) (1.8)
Proceeds from the exercise of stock options 2.0 1.5
Net cash provided by financing activities 90.2 178.5
Effect of foreign exchange rate changes on cash and cash equivalents 0.1 (1.7)
Net increase in cash and cash equivalents 41.3 101.0
Cash and cash equivalents    
Beginning of the period 36.6 27.8
End of the period 77.9 128.8
Cash paid during the year for:    
Interest 16.8 16.7
Income taxes $ 15.3 $ 13.7