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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 26, 2021
Mar. 26, 2021
Mar. 27, 2020
Cash flows from operating activities:      
Net income $ 25.6 $ 25.6 $ 10.5
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 6.5   6.4
Amortization of intangible assets 4.9   4.9
Stock-based compensation 3.5 3.5 3.1
Amortization of debt issuance costs 0.4   0.4
Gain from insurance proceeds (7.3)    
Deferred income taxes 1.2   1.0
Change in the fair value of financial instruments and earn-out liability 11.6   3.0
Others 0.1    
Changes in assets and liabilities:      
Accounts receivable (22.5)   (0.7)
Inventories (8.8)   (14.7)
Prepaid expenses and other current assets 3.0   (0.2)
Other non-current assets (1.0)   0.3
Accounts payable 43.3   (4.1)
Accrued compensation and related benefits (3.6)   0.2
Income taxes payable 2.8   1.6
Operating lease assets and liabilities (0.3)   (0.4)
Other liabilities 6.2   4.4
Net cash provided by operating activities 65.6   15.7
Cash flows from investing activities:      
Purchases of property, plant and equipment (6.5)   (6.7)
Insurance proceeds 7.3    
Net cash provided by (used in) investing activities 0.8   (6.7)
Cash flows from financing activities:      
Proceeds from bank borrowings 6.6   51.5
Principal payments on bank borrowings and finance leases (8.2)   (14.5)
Net cash provided by (used in) financing activities (1.6)   37.0
Effect of exchange rate changes on cash and cash equivalents (0.8)   (0.4)
Net increase in cash and cash equivalents 64.0   45.6
Cash and cash equivalents at beginning of period 200.3   162.5
Cash and cash equivalents at end of period 264.3 $ 264.3 208.1
Supplemental cash flow information:      
Income taxes paid, net of income tax refunds 2.7   2.0
Interest paid 4.3   4.8
Non-cash investing and financing activities:      
Property, plant and equipment purchased included in accounts payable and other liabilities $ 3.5   $ 2.9