XML 17 R6.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 29, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net income (loss) $ (7.2) $ 0.4
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 11.5 8.9
Amortization of intangible assets 7.7 5.8
Stock-based compensation 3.5 3.7
Amortization of debt issuance costs 1.0 1.0
Deferred income taxes (0.7) (0.6)
Change in the fair value of financial instruments 1.8 0.2
Changes in assets and liabilities:    
Accounts receivable (13.7) 63.4
Inventories (13.6) 10.9
Prepaid expenses and other current assets (0.8) 6.3
Other non-current assets 0.7 (1.7)
Accounts payable 25.1 (50.5)
Accrued compensation and related benefits (10.6) (14.7)
Income taxes payable 2.1 (1.6)
Operating lease assets and liabilities (1.1) (0.3)
Other liabilities 4.1 (3.2)
Net cash provided by operating activities 9.8 28.0
Cash flows from investing activities:    
Purchases of property, plant and equipment (18.0) (27.3)
Proceeds from sale of equipment 0.1 0.0
Net cash used in investing activities (17.9) (27.3)
Cash flows from financing activities:    
Principal payments on bank borrowings (4.5) (22.0)
Repurchase of shares 0.0 (14.2)
Net cash used in financing activities (4.5) (36.2)
Effect of exchange rate changes on cash and cash equivalents (1.4) (1.2)
Net decrease in cash and cash equivalents (14.0) (36.7)
Cash and cash equivalents at beginning of period 307.0 358.8
Cash and cash equivalents at end of period 293.0 322.1
Supplemental cash flow information:    
Income taxes paid, net of income tax refunds 8.1 5.6
Interest paid 11.2 7.4
Non-cash investing and financing activities:    
Property, plant and equipment purchased included in accounts payable and other liabilities $ 7.3 $ 9.5