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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating activities    
Net loss $ (3.7) $ (2.7)
Loss on disposal of assets 1.1 0.0
Change in fair value of contingent consideration 0.0 2.6
Depreciation 9.0 9.9
Amortization of debt issuance costs 0.8 0.7
Amortization of intangibles 10.9 11.1
Stock-based compensation 5.6 4.9
Changes in operating assets and liabilities:    
Accounts receivable 88.6 84.1
Inventories (25.0) (37.3)
Other assets 3.6 (7.6)
Accounts payable (38.0) (87.5)
Accrued expenses and other liabilities (63.6) (76.5)
Accrued income taxes (12.5) (5.9)
Net cash used by operating activities (23.2) (104.2)
Investing activities    
Additions to property, plant and equipment (2.0) (3.4)
Net cash used by investing activities (2.0) (3.4)
Financing activities    
Proceeds from long-term borrowings 101.1 168.0
Repayments of long-term debt (10.0) (5.0)
Repayments of notes payable, net (1.2) (5.3)
Dividends paid 0.0 (7.3)
Payments related to tax withholding for stock-based compensation (1.7) (1.2)
Proceeds from the exercise of stock options 0.0 4.3
Net cash provided by financing activities 88.2 153.5
Effect of foreign exchange rate changes on cash and cash equivalents 1.9 4.2
Net increase in cash and cash equivalents 64.9 50.1
Cash and cash equivalents    
Beginning of the period 62.2 41.2
End of the period 127.1 91.3
Cash paid during the year for:    
Interest 19.2 15.1
Income taxes $ 13.0 $ 7.6