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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating Activities    
Net income (loss) [1] $ 55.8 $ (6.3)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization [1] 38.9 42.4
Stock-based compensation [1] 5.1 7.3
Certain interest expense and other financing costs [1] 1.3 2.7
Loss on debt extinguishment [1]   9.5
Gain on sale of fixed assets and other [1] (1.2) (0.8)
Deferred income taxes [1] 1.4 (78.7)
Loss on sale of business [1]   2.4
Changes in operating assets and liabilities:    
Accounts receivable [1] (153.0) (11.9)
Inventories [1] (299.9) (137.7)
Prepaid expenses and other current assets [1] (19.6) 27.4
Accounts payable and accrued expenses [1] 202.1 59.9
Other assets and liabilities [1] 7.1 (0.2)
Net cash provided by (used in) operating activities [1] (162.0) (84.0)
Investing Activities    
Purchases of property and equipment [1] (22.8) (14.1)
Acquisition of business, net [1] (0.4)  
Proceeds from sale of business [1]   837.0
Proceeds from the sale of assets [1] 1.2 0.8
Net cash provided by (used in) investing activities [1] (22.0) 823.7
Financing Activities    
Borrowings under revolving lines of credit [1] 296.0  
Payments under revolving lines of credit [1] (143.5) (157.0)
Payments under term loan [1] (2.5) (426.4)
Payments under equipment financing facilities and finance leases [1] (2.2) (1.7)
Repurchase and retirement of common stock, net [1] (113.0)  
Advance payment for equity forward contract [1] (25.0)  
Payment of dividends on Preferred Stock [1] (6.0) (6.0)
Proceeds from issuance of common stock related to equity awards [1] 7.3 10.6
Payment of taxes related to net share settlement of equity awards [1] (0.1) (1.5)
Net cash provided by (used in) financing activities [1] 11.0 (582.0)
Effect of exchange rate changes on cash and cash equivalents [1] (0.4) 0.2
Net increase (decrease) in cash and cash equivalents [1] (173.4) 157.9
Cash and cash equivalents, beginning of period [1] 225.8 461.4
Cash and cash equivalents, end of period [1] 52.4 619.3
Supplemental Cash Flow Information    
Operating cash flows provided by (used in) discontinued operations [1]   (21.8)
Cash paid during the period for:    
Interest [1] 8.2 9.4
Income taxes, net of refunds [1],[2] $ 2.4 $ 15.9
[1] Unless otherwise noted, amounts include both continuing and discontinued operations.
[2] Three months ended March 31, 2021 amount includes $3.3 million related to the Interior Products divestiture.