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Consolidated Statement of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating activities:      
Net earnings $ 60,600,000 $ 70,300,000 $ 98,900,000
Adjustments to net earnings for items not affecting cash:      
Depreciation and amortization 124,700,000 135,400,000 89,100,000
Equity-settled employee SBC 25,800,000 34,100,000 33,400,000
Other charges (recoveries) (a) [1] 2,500,000 (86,100,000) 1,400,000
Finance costs 37,700,000 49,500,000 24,400,000
Income tax expense (recovery) 29,600,000 29,500,000 (17,000,000.0)
Other 10,000,000.0 24,200,000 (7,500,000)
Changes in non-cash working capital items:      
Accounts receivable (40,700,000) 153,700,000 (155,400,000)
Inventories (99,300,000) 97,700,000 (224,000,000.0)
Other current assets (500,000) 16,500,000 7,600,000
Accounts payable, accrued and other current liabilities and provisions 117,000,000.0 (158,800,000) 227,000,000.0
Non-cash working capital changes (23,500,000) 109,100,000 (144,800,000)
Net income tax paid (27,800,000) (21,000,000.0) (44,800,000)
Net cash provided by operating activities 239,600,000 345,000,000.0 33,100,000
Investing activities:      
Acquisitions 0 2,700,000 (467,100,000)
Purchase of computer software and property, plant and equipment (52,800,000) (80,500,000) (82,200,000)
Proceeds from sale of assets 1,800,000 116,500,000 3,700,000
Net cash provided by (used in) investing activities (51,000,000.0) 38,700,000 (545,600,000)
Financing activities:      
Repayments under credit facility 0    
Lease payments (33,700,000) (38,200,000) (17,000,000.0)
Issuance of capital stock 0 0 400,000
Repurchase of capital stock for cancellation (100,000) (67,300,000) (75,500,000)
Purchase of treasury stock for stock-based plans (19,100,000) (9,200,000) (22,400,000)
Finance costs and waiver fees paid [2] (29,500,000) (46,500,000) (36,000,000.0)
Net cash provided by (used in) financing activities (204,300,000) (326,200,000) 419,300,000
Net increase (decrease) in cash and cash equivalents (15,700,000) 57,500,000 (93,200,000)
Cash and cash equivalents, beginning of year 479,500,000 422,000,000.0 515,200,000
Cash and cash equivalents, end of year 463,800,000 479,500,000 422,000,000.0
Prior credit facility      
Financing activities:      
Borrowings under credit facility 0 0 163,000,000.0
Repayments under credit facility 0 0 (350,500,000)
New credit facility      
Financing activities:      
Borrowings under credit facility 0 48,000,000.0 759,000,000.0
Repayments under credit facility $ (121,900,000) $ (213,000,000.0) $ (1,700,000)
[1] Other charges (recoveries) in 2019 include a $102.0 gain on the sale of our Toronto real property.
[2] Finance costs paid include debt issuance costs paid of $0.6 in 2020 (2019 — $2.9; 2018 — $12.9). We paid $2.0 in fees in the fourth quarter of 2019 in connection with obtaining the Waivers (defined in note 12).