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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Dec. 31, 2023
Jan. 01, 2023
Cash flows from operating activities    
Net income (loss) $ 29.2 $ (20.5)
Income from discontinued operations, net of tax 11.7 19.5
Net (loss) income from continuing operations 17.5 (40.0)
Adjustments to reconcile net income (loss) to net cash from operating activities:    
Depreciation 14.4 12.2
Amortization 11.1 10.4
Share based compensation 3.9 3.3
Impairment of intangible assets 4.0 0.0
Gain from debt repurchase (4.7) 0.0
Non-cash purchase accounting adjustments 0.5 0.5
Amortization of debt issuance costs and debt discount 0.9 2.0
Write-off of unamortized discount and debt issuance costs 0.3 0.0
Gain from remeasurement of contingent consideration liability 0.0 (1.5)
Deferred tax benefit (0.8) (18.4)
Net changes in operating assets and liabilities (29.0) (25.5)
Net cash provided (used) by operating activities from continuing operations 18.1 (57.0)
Net cash used by operating activities from discontinued operations (22.4) (7.2)
Net cash used by operating activities (4.3) (64.2)
Cash flows from investing activities    
Purchases of property, plant and equipment (8.4) (10.0)
Purchases of short term investments (700.0) 0.0
Proceeds from sale of short term investments 842.0 0.0
Net cash provided (used) by investing activities from continuing operations 133.6 (10.0)
Net cash used by investing activities from discontinued operations 0.0 (3.6)
Net cash provided (used) by investing activities 133.6 (13.6)
Cash flows from financing activities    
Payment of debt (174.1) (3.3)
Proceeds from issuance of debt 0.0 90.0
Payment of debt issuance costs (3.2) (2.3)
Treasury stock purchases (243.0) 0.0
Dividends paid to shareholders (14.1) (17.1)
Share based award tax withholding payments, net of proceeds upon vesting (5.4) (10.5)
Net cash (used) provided by financing activities from continuing operations (439.8) 56.8
Net cash used by financing activities from discontinued operations 0.0 (0.4)
Net cash (used) provided by financing activities (439.8) 56.4
Effect of exchange rate changes on cash and cash equivalents 2.0 5.7
Net change in cash, cash equivalents and restricted cash in continuing operations (308.5) (15.7)
Cash, cash equivalents, and restricted cash, beginning of period 753.9 243.9
Cash, cash equivalents, and restricted cash, end of period 445.4 228.2
Non cash investing activities    
Acquisition of property, plant and equipment through finance leases 0.2 0.1
Non cash financing activities    
Issuance of shares through stock compensation plan 14.0 27.2
Continuing Operations    
Supplemental disclosure of cash flow information    
Cash paid for interest associated with continued operations 21.8 16.6
Cash paid for taxes associated with continued operations 3.4 6.1
Discontinued Operations    
Supplemental disclosure of cash flow information    
Cash paid for interest associated with continued operations 0.0 8.9
Cash paid for taxes associated with continued operations $ 0.0 $ 6.0