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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating activities    
Net income $ 36.7 $ 28.2
Amortization of inventory step-up 0.0 2.4
Payments of contingent consideration (9.2) 0.0
Loss on disposal of assets (0.2) 0.0
Change in fair value of contingent consideration (6.8) 11.6
Depreciation 19.6 19.6
Amortization of debt issuance costs 1.4 1.5
Amortization of intangibles 21.6 23.6
Stock-based compensation 7.2 9.0
Loss on debt extinguishment 0.0 3.7
Changes in balance sheet items:    
Accounts receivable (12.4) (54.5)
Inventories (51.4) (77.9)
Other assets (18.7) (32.2)
Accounts payable (47.2) 42.3
Accrued expenses and other liabilities (34.8) (12.3)
Accrued income taxes (3.7) (20.1)
Net cash used by operating activities (97.9) (55.1)
Investing activities    
Additions to property, plant and equipment (7.0) (9.3)
Proceeds from the disposition of assets 0.2 0.0
Cost of acquisitions, net of cash acquired 0.0 15.4
Net cash (used) provided by investing activities (6.8) 6.1
Financing activities    
Proceeds from long-term borrowings 218.0 648.8
Repayments of long-term debt (25.6) (529.2)
Proceeds of notes payable, net 11.3 2.2
Payment for debt premium 0.0 (9.8)
Payments for debt issuance costs 0.0 (10.5)
Dividends paid (14.4) (12.4)
Payments of contingent consideration (17.8) 0.0
Repurchases of common stock (19.4) 0.0
Payments related to tax withholding for stock-based compensation (2.5) (0.9)
Proceeds from the exercise of stock options 4.3 2.0
Net cash provided by financing activities 153.9 90.2
Effect of foreign exchange rate changes on cash and cash equivalents 1.3 0.1
Net increase in cash and cash equivalents 50.5 41.3
Cash and cash equivalents    
Beginning of the period 41.2 36.6
End of the period 91.7 77.9
Cash paid during the year for:    
Interest 18.9 16.8
Income taxes $ 17.9 $ 15.3