XML 17 R6.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 28, 2024
Jun. 30, 2023
Jun. 28, 2024
Jun. 30, 2023
Dec. 29, 2023
Operating activities:          
Net income $ 53.3 $ 48.3 $ 79.4 $ 96.0  
Adjustments to reconcile net income to net cash provided by operating activities:          
Depreciation and amortization     39.7 43.7  
Amortization of debt issuance costs     0.3 0.2  
Share-based compensation expense     2.8 5.1  
Asset impairments 0.7 2.8 0.7 2.8  
Change in uncertain tax positions     (1.5) 0.4  
Gain on disposal of property, plant and equipment, net and subsidiary     (18.3) (34.2)  
Deferred income taxes     3.3 (6.1)  
Other, net     0.4 0.2  
Changes in operating assets and liabilities          
Receivables     (21.9) (44.3)  
Inventories     60.4 81.8  
Prepaid expenses and other current assets     (0.3) 0.4  
Accounts payable and accrued expenses     3.7 (17.0)  
Other assets and liabilities     (5.0) 3.7  
Net cash provided by operating activities     143.7 132.7  
Investing activities:          
Capital expenditures     (20.7) (18.9)  
Proceeds from sales of property, plant and equipment     21.1 96.8  
Proceeds from Insurance Settlement, Investing Activities     5.7 0.0  
Investments in and advances to unconsolidated companies     (4.5) (3.7)  
Other investing activities     0.0 0.5  
Net cash provided by investing activities     1.6 73.7  
Financing activities:          
Proceeds from debt     127.0 232.9  
Payments on debt     (242.0) (372.2)  
Purchase of redeemable noncontrolling interest     0.0 (5.2)  
Distributions to noncontrolling interests     0.0 (17.8)  
Share-based awards settled in cash for taxes     (0.9) (0.7)  
Dividends paid     (23.9) (16.8)  
Payment of deferred financing costs     (2.2) 0.0  
Other financing activities     (2.3) (0.4)  
Net cash used in financing activities     (144.3) (180.2)  
Effect of exchange rate changes on cash     3.0 0.4  
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total     4.0 26.6  
Cash and cash equivalents, beginning     33.8 17.2 $ 17.2
Cash and cash equivalents, ending $ 37.8 $ 43.8 37.8 43.8 $ 33.8
Supplemental cash flow information:          
Cash paid for interest     9.9 14.2  
Cash paid for income taxes     7.1 8.7  
Non-cash financing and investing activities:          
Right-of-use assets obtained in exchange for new operating lease obligations     11.4 36.7  
Dividends on restricted share units     0.4 0.4  
Non-cash conversion of note receivable in exchange for investment in unconsolidated company     0.7 0.0  
Other accounts receivable obtained from disposition of subsidiary     $ 0.0 $ 17.0