XML 18 R7.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash Flows from Operating Activities:    
Net income (loss) $ 14.6 $ (20.9)
Adjustments to reconcile net income (loss) to cash provided by (used for) operating activities:    
Asset impairment expense 1.9
Depreciation 29.5 27.3
Amortization of intangible assets 0.7 0.2
Amortization of deferred financing fees 1.1 1.1
Deferred income taxes 0.9
Gain on sale of property, plant and equipment (0.1)
Net unrealized foreign currency transaction losses 1.1 2.8
Stock-based compensation expense 6.4 5.4
Other 3.6
Changes in operating assets and liabilities, net of effects of business acquired    
Accounts receivable 13.0 (13.9)
Inventories (94.4) (55.3)
Notes receivable (1.0) 6.2
Other assets (10.3) (9.9)
Accounts payable 77.1 (5.2)
Accrued expenses and other liabilities 24.0 (8.8)
Net cash provided by (used for) operating activities 68.1 (70.9)
Cash Flows from Investing Activities:    
Capital expenditures (22.3) (15.3)
Proceeds from sale of fixed assets 0.1 0.2
Acquisition of business (Note 9) (50.9)
Net cash used for investing activities (73.1) (15.1)
Cash Flows from Financing Activities:    
Proceeds from revolving credit facility 100.0 50.0
Payments on revolving credit facility 50.0
Other debt - net (3.4) (2.7)
Exercises of stock options 5.8 0.1
Common stock repurchases (12.0)
Net cash provided by (used for) financing activities 102.4 (14.6)
Effect of exchange rate changes on cash and cash equivalents (3.8) 2.4
Net increase (decrease) in cash and cash equivalents 93.6 (98.2)
Cash and cash equivalents at beginning of period 128.7 199.3
Cash and cash equivalents at end of period $ 222.3 $ 101.1