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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating activities    
Net loss $ (6.3) $ (3.7)
Loss on disposal of assets 0.0 1.1
Depreciation 7.4 9.0
Amortization of debt issuance costs 0.7 0.8
Amortization of intangibles 10.6 10.9
Stock-based compensation 5.1 5.6
Changes in operating assets and liabilities:    
Accounts receivable 153.8 88.6
Inventories (26.5) (25.0)
Other assets (18.6) 3.6
Accounts payable (12.7) (38.0)
Accrued expenses and other liabilities (76.2) (63.6)
Accrued income taxes (9.1) (12.5)
Net cash provided (used) by operating activities 28.2 (23.2)
Investing activities    
Additions to property, plant and equipment (2.3) (2.0)
Net cash used by investing activities (2.3) (2.0)
Financing activities    
Proceeds from long-term borrowings 61.4 101.1
Repayments of long-term debt (18.9) (10.0)
Repayments of notes payable, net (0.2) (1.2)
Dividends paid (7.2) 0.0
Payments related to tax withholding for stock-based compensation (1.9) (1.7)
Net cash provided by financing activities 33.2 88.2
Effect of foreign exchange rate changes on cash and cash equivalents (0.9) 1.9
Net increase in cash and cash equivalents 58.2 64.9
Cash and cash equivalents    
Beginning of the period 66.4 62.2
End of the period 124.6 127.1
Cash paid during the year for:    
Interest 17.8 19.2
Income taxes $ 10.1 $ 13.0