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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating activities      
Net income $ 101.9 $ 62.0 $ 106.8
Amortization of inventory step-up 3.0 0.0 0.9
Loss on disposal of assets 0.1 0.2 0.7
Deferred income tax (benefit) expense (21.0) (7.6) 8.7
Change in fair value of contingent consideration 19.0 0.0 0.0
Depreciation 39.4 37.9 34.9
Amortization of debt issuance costs 2.8 2.4 2.3
Amortization of intangibles 46.3 32.8 35.4
Stock-based compensation 15.2 6.5 10.1
Loss on debt extinguishment 3.7 0.0 0.2
Other non-cash items 0.0 1.1 0.0
Changes in balance sheet items:      
Accounts receivable (77.6) 101.6 (14.8)
Inventories (131.8) 2.2 71.4
Other assets (1.2) 14.7 (0.4)
Accounts payable 131.2 (68.8) (32.8)
Accrued expenses and other liabilities 26.3 (58.2) (26.7)
Accrued income taxes 2.3 (7.6) 7.2
Net cash provided by operating activities 159.6 119.2 203.9
Investing activities      
Additions to property, plant and equipment (21.2) (15.3) (32.8)
Proceeds from the disposition of assets 0.0 0.0 0.5
Cost of acquisitions, net of cash acquired 15.4 (339.4) (41.3)
Other assets acquired 0.0 0.0 (6.0)
Net cash used by investing activities (5.8) (354.7) (79.6)
Financing activities      
Proceeds from long-term borrowings 659.7 438.6 325.8
Repayments of long-term debt (766.3) (151.9) (387.9)
Proceeds of notes payable, net 3.7 2.1 (8.5)
Payment for debt premium (9.8) 0.0 0.0
Payments for debt issuance costs (10.5) (3.2) (3.4)
Repurchases of common stock 0.0 (18.9) (65.0)
Dividends paid (25.8) (24.6) (24.4)
Payments related to tax withholding for stock-based compensation (0.9) (1.8) (4.2)
Payments of contingent consideration (0.4) 0.0 0.0
Proceeds from the exercise of stock options 3.1 4.4 4.2
Net cash (used) provided by financing activities (147.2) 244.7 (163.4)
Effect of foreign exchange rate changes on cash and cash equivalents (2.0) (0.4) (0.1)
Net increase in cash and cash equivalents 4.6 8.8 (39.2)
Cash and cash equivalents      
Beginning of the period 36.6 27.8 67.0
End of the period 41.2 36.6 27.8
Supplemental Cash Flow Information [Abstract]      
Interest 37.6 36.0 42.1
Income taxes $ 28.0 $ 32.2 $ 41.9