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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Apr. 01, 2022
Mar. 26, 2021
Cash flows from operating activities:    
Net income $ 30.8 $ 25.6
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 9.8 6.5
Amortization of intangible assets 8.1 4.9
Stock-based compensation 5.6 3.5
Amortization of debt issuance costs 1.0 0.4
Gain from insurance proceeds 0.0 (7.3)
Deferred income taxes 1.4 1.2
Change in the fair value of financial instruments and earn-out liability 0.3 11.6
Others 0.1 0.1
Changes in assets and liabilities    
Accounts receivable (29.1) (22.5)
Inventories (61.1) (8.8)
Prepaid expenses and other current assets 4.6 (3.0)
Other non-current assets 0.0 (1.0)
Accounts payable (35.9) 43.3
Accrued compensation and related benefits (6.0) (3.6)
Income taxes payable 0.0 2.8
Operating lease assets and liabilities (0.5) (0.3)
Other liabilities 3.5 6.2
Net cash provided by (used in) operating activities (67.4) 65.6
Cash flows from investing activities:    
Purchases of property, plant and equipment (28.4) (6.5)
Proceeds from sale of equipment, including insurance proceeds 0.0 7.3
Net cash provided by (used in) investing activities (28.4) 0.8
Cash flows from financing activities:    
Proceeds from bank borrowings 0.0 6.6
Principal payments on bank borrowings and finance leases (2.6) (8.2)
Net cash provided by (used in) financing activities (2.6) (1.6)
Effect of exchange rate changes on cash and cash equivalents (1.1) (0.8)
Net increase/(decrease) in cash and cash equivalents (99.5) 64.0
Cash and cash equivalents at beginning of period 466.5 200.3
Cash and cash equivalents at end of period 367.0 264.3
Supplemental cash flow information:    
Income taxes paid, net of income tax refunds 5.5 2.7
Interest paid 5.0 4.3
Non-cash investing and financing activities:    
Property, plant and equipment purchased included in accounts payable and other liabilities $ 5.9 $ 3.5