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Consolidated Statement of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating activities:      
Net earnings $ 103,900,000 $ 60,600,000 $ 70,300,000
Adjustments to net earnings for items not affecting cash:      
Depreciation and amortization 126,300,000 124,700,000 135,400,000
Equity-settled employee SBC 33,400,000 25,800,000 34,100,000
Other charges (recoveries) (a) [1] 2,500,000 2,500,000 (86,100,000)
Finance costs 31,700,000 37,700,000 49,500,000
Income tax expense 32,100,000 29,600,000 29,500,000
Other 15,200,000 10,000,000.0 24,200,000
Changes in non-cash working capital items:      
Accounts receivable (102,400,000) (40,700,000) 153,700,000
Inventories (521,900,000) (99,300,000) 97,700,000
Other current assets (11,500,000) (500,000) 16,500,000
Accounts payable, accrued and other current liabilities and provisions 556,900,000 117,000,000.0 (158,800,000)
Non-cash working capital changes (78,900,000) (23,500,000) 109,100,000
Net income tax paid (39,400,000) (27,800,000) (21,000,000.0)
Net cash provided by operating activities 226,800,000 239,600,000 345,000,000.0
Investing activities:      
Acquisitions (314,700,000) 0 2,700,000
Purchase of computer software and property, plant and equipment (52,200,000) (52,800,000) (80,500,000)
Proceeds from sale of assets 2,600,000 1,800,000 116,500,000
Net cash provided by (used in) investing activities (364,300,000) (51,000,000.0) 38,700,000
Financing activities:      
Lease payments (40,000,000.0) (33,700,000) (38,200,000)
Issuance of capital stock 200,000 0 0
Repurchase of capital stock for cancellation (35,900,000) (100,000) (67,300,000)
Purchase of treasury stock for stock-based plans (20,600,000) (19,100,000) (9,200,000)
Finance costs and waiver fees paid [2] (26,000,000.0) (29,500,000) (46,500,000)
Net cash provided by (used in) financing activities 67,700,000 (204,300,000) (326,200,000)
Net increase (decrease) in cash and cash equivalents (69,800,000) (15,700,000) 57,500,000
Cash and cash equivalents, beginning of year 463,800,000 479,500,000 422,000,000.0
Cash and cash equivalents, end of year 394,000,000.0 463,800,000 479,500,000
Revolving Loans      
Financing activities:      
Borrowings under credit facility 220,000,000.0 0 0
Repayments under credit facility (220,000,000.0) 0 0
Term Loans      
Financing activities:      
Borrowings under credit facility 365,000,000.0 0 48,000,000.0
Repayments under credit facility $ (175,000,000.0) $ (121,900,000) $ (213,000,000.0)
[1] Other charges (recoveries) in 2019 consists primarily of a $102.0 gain on the sale of our Toronto real property.
[2] Finance costs paid include debt issuance costs paid of $3.6 in 2021 (2020 $0.6; 2019 $2.9). We also paid $2.0 in credit-facility-related waiver fees in 2019, recorded as other charges.