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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
OPERATING ACTIVITIES FROM CONTINUING OPERATIONS    
Income from continuing operations $ 25.2 $ 18.8
Adjustments to reconcile income from continuing operations to net cash used by operating activities from continuing operations:    
Depreciation and amortization 23.4 22.7
Stock-based compensation expense 4.9 5.4
Gains on sales of assets 0.0 (2.9)
Changes in operating assets and liabilities:    
Accounts receivable (20.2) (34.0)
Inventories 2.5 (51.2)
Prepaid and other current assets (31.1) (2.0)
Accounts payable and accrued expenses 14.3 23.6
Other 3.1 (8.3)
Net cash used in operating activities from continuing operations 22.1 (27.9)
INVESTING ACTIVITIES FROM CONTINUING OPERATIONS    
Purchases of property, plant and equipment (20.8) (20.0)
Proceeds from sale of assets 0.6 4.0
Business acquisitions, net of cash acquired (1.2) (21.9)
Net cash used in investing activities from continuing operations (21.4) (37.9)
FINANCING ACTIVITIES FROM CONTINUING OPERATIONS    
Proceeds from revolving credit facility, net 1.4 90.0
Payments on other debt (1.4) (3.1)
Proceeds from other debt 5.1 2.7
Proceeds from (payments on) finance lease facilities, net 0.3 (2.0)
Contingent consideration payment related to prior acquisition (2.1) 0.0
Dividends paid to Parent (4.5) (5.0)
Dividends 0.0 (0.6)
Net cash (used) provided by financing activities from continuing operations (1.2) 82.0
DISCONTINUED OPERATIONS    
Total used by operating activities [1] (3.4) (4.4)
Total used by investing activities [1] (2.0) (3.7)
Total used by financing activities [1] (1.9) (2.5)
Decrease in cash and cash equivalents from discontinued operations [1] (7.3) (10.6)
Effect of exchange rate changes on cash (0.5) (5.9)
Decrease in cash and cash equivalents (8.3) (0.3)
Cash and cash equivalents at beginning of period 49.3 44.9
Cash and cash equivalents at end of period $ 41.0 $ 44.6
[1] Our continuing operations exclude the results of our Aluminum Products business unit, which is held-for-sale as of September 30, 2023 and December 31, 2022 and presented in discontinued operations for all periods presented.