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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2023
Sep. 30, 2022
Jul. 01, 2022
Jun. 30, 2023
Jul. 01, 2022
Dec. 30, 2022
Cash flows from operating activities:            
Net income (loss) $ (8.2)   $ (21.7) $ (7.8) $ 9.1  
Adjustments to reconcile net income to net cash provided by operating activities:            
Depreciation and amortization       18.2 20.0  
Amortization of intangible assets       11.4 15.7  
Stock-based compensation 1.0   4.5 4.7 10.1  
Amortization of debt issuance costs       1.9 1.9  
Gain on the disposal of assets       (0.4) (0.1)  
Deferred income taxes       (0.6) 1.1  
Change in the fair value of financial instruments       (0.2) (1.1)  
Net losss on divestitures 0.0 $ 20.8 56.6 0.0 56.6 $ 77.4
Changes in assets and liabilities:            
Accounts receivable       75.1 2.8  
Inventories       45.1 (43.2)  
Prepaid expenses and other current assets       5.2 (2.9)  
Other non-current assets       (0.3) (1.0)  
Accounts payable       (62.6) (55.8)  
Accrued compensation and related benefits       (12.5) 4.6  
Income taxes payable       (4.3) (2.5)  
Operating lease assets and liabilities       (2.9) (2.3)  
Other liabilities       (5.6) 1.3  
Net cash provided by operating activities       64.4 14.3  
Cash flows from investing activities:            
Purchases of property, plant and equipment       (47.0) (46.5)  
Proceeds from sale of equipment, including insurance proceeds       0.5 0.4  
Divestiture of subsidiaries       0.0 (0.3)  
Net cash used in investing activities       (46.5) (46.4)  
Cash flows from financing activities:            
Principal payments on bank borrowings       (30.9) (10.5)  
Repurchase of shares       (23.7) 0.0  
Employees' taxes paid upon vesting of restricted stock units       (2.2) (3.8)  
Payments of dividends to a joint venture shareholder       (0.1) (0.3)  
Proceeds from bank borrowings       0.0 4.7  
Proceeds from issuance of common stock       0.0 0.7  
Net cash used in financing activities       (56.9) (9.2)  
Effect of exchange rate changes on cash and cash equivalents       1.0 (3.8)  
Net decrease in cash and cash equivalents       (38.0) (45.1)  
Cash and cash equivalents at beginning of period   $ 421.4   358.8 466.5 466.5
Cash and cash equivalents at end of period $ 320.8   $ 421.4 320.8 421.4 $ 358.8
Supplemental cash flow information:            
Income taxes paid, net of income tax refunds       17.4 16.5  
Interest paid       21.7 13.8  
Non-cash investing and financing activities:            
Property, plant and equipment purchased included in accounts payable and other liabilities       $ 9.2 $ 4.4