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Consolidated Statement of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating activities:      
Net earnings $ 244,600,000 $ 145,500,000 $ 103,900,000
Adjustments to net earnings for items not affecting cash:      
Depreciation and amortization 160,400,000 144,800,000 126,300,000
Equity-settled employee SBC 55,600,000 51,000,000.0 33,400,000
Total return swap fair value adjustments (45,600,000) 0 0
Other charges 5,500,000 900,000 2,500,000
Finance costs 76,600,000 59,700,000 31,700,000
Income tax expense 62,000,000.0 58,100,000 32,100,000
Other (8,300,000) (8,200,000) 15,200,000
Changes in non-cash working capital items:      
Accounts receivable (402,200,000) (133,300,000) (102,400,000)
Inventories 244,200,000 (717,300,000) (521,900,000)
Other current assets 8,800,000 (51,600,000) (11,500,000)
Accounts payable, accrued and other current liabilities and provisions 106,500,000 813,400,000 556,900,000
Non-cash working capital changes (42,700,000) (88,800,000) (78,900,000)
Net income tax paid (78,400,000) (65,100,000) (39,400,000)
Net cash provided by operating activities 429,700,000 297,900,000 226,800,000
Investing activities:      
Acquisitions 0 0 (314,700,000)
Purchase of computer software and property, plant and equipment (125,100,000) (109,000,000.0) (52,200,000)
Proceeds from sale of assets 2,700,000 100,000 2,600,000
Net cash used in investing activities (122,400,000) (108,900,000) (364,300,000)
Financing activities:      
Lease payments (48,300,000) (46,000,000.0) (40,000,000.0)
Issuance of capital stock 300,000 200,000 200,000
Repurchase of capital stock for cancellation (35,600,000) (34,600,000) (35,900,000)
Purchase of treasury stock for stock-based plans (82,300,000) (44,900,000) (20,600,000)
Proceeds from partial TRS settlement 5,000,000.0 0 0
SBC cash settlement (66,700,000) 0 0
Finance costs paid [1] (65,500,000) (50,000,000.0) (26,000,000.0)
Net cash provided by (used in) financing activities (311,400,000) (208,500,000) 67,700,000
Net decrease in cash and cash equivalents (4,100,000) (19,500,000) (69,800,000)
Cash and cash equivalents, beginning of year 374,500,000 394,000,000.0 463,800,000
Cash and cash equivalents, end of year 370,400,000 374,500,000 394,000,000.0
Revolving Loans      
Financing activities:      
Borrowings under credit facility 0 0 220,000,000.0
Amount repaid 0 0 (220,000,000.0)
Term Loans      
Financing activities:      
Borrowings under credit facility 0 0 365,000,000.0
Amount repaid $ (18,300,000) $ (33,200,000) $ (175,000,000.0)
[1] Finance costs paid include debt issuance costs paid of $0.4 in 2023 (2022— $0.8; 2021 — $3.6).