XML 17 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 30, 2018
Mar. 31, 2017
Operating activities:    
Net income $ 43.2 $ 45.6
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 21.0 19.9
Amortization of debt issuance costs 0.1 0.1
Share-based compensation expense 4.6 3.6
Asset impairment, net 0.0 0.3
Change in uncertain tax positions 0.1 0.1
Gain on disposal of property, plant and equipment (0.2) (0.8)
Deferred income taxes 0.8 (4.7)
Foreign currency translation adjustment 2.4 1.7
Changes in operating assets and liabilities; net of the effect of acquisitions    
Receivables (65.0) (23.4)
Inventories (3.6) (10.2)
Prepaid expenses and other current assets (2.2) 1.6
Accounts payable and accrued expenses 10.2 5.2
Other noncurrent assets and liabilities (9.9) (6.0)
Net cash provided by operating activities 1.5 33.0
Investing activities:    
Capital expenditures (42.7) (35.6)
Proceeds from sales of property, plant and equipment 0.5 1.1
Purchase of a business, net of cash acquired (371.7) 0.0
Net cash used in investing activities (413.9) (34.5)
Financing activities:    
Proceeds from long-term debt 578.0 178.1
Payments on long-term debt (138.7) (143.4)
Distributions to noncontrolling interests, net (1.2) (3.7)
Proceeds from stock options exercised 0.7 0.1
Share-based awards settled in cash for taxes (0.2) 0.0
Dividends paid (7.3) (7.6)
Repurchase and retirement of ordinary shares (8.2) (17.5)
Net cash provided by financing activities 423.1 6.0
Effect of exchange rate changes on cash 1.6 1.4
Net increase in cash and cash equivalents 12.3 5.9
Cash and cash equivalents, beginning 25.1 20.1
Cash and cash equivalents, ending 37.4 26.0
Supplemental cash flow information:    
Cash paid for interest 3.4 1.2
Cash paid for income taxes 5.1 2.6
Non-cash financing and investing activities:    
Retirement of ordinary shares 8.2 17.5
Dividends on restricted stock units 0.0 0.3
Purchase of a business $ 1.2 $ 0.0