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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 $ 5.7 $ 8.3
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 10.6 8.6
Stock-based compensation 1.7 1.5
Deferred income tax benefit (3.3) (2.4)
Unrealized loss on foreign currency forward contracts (Note 1) 0.0 6.2
Decrease (increase) in working capital (16.3) 0.5
Pension and other postretirement benefits (0.8) (2.0)
Other 0.4 0.0
Net Cash Provided by (Used In) Operating Activities (2.0) 20.7
INVESTING ACTIVITIES    
Capital expenditures (8.3) (4.8)
Other (0.1) (0.2)
Net Cash Used in Investing Activities (8.4) (5.0)
FINANCING ACTIVITIES    
Long-term borrowings (Note 5) 41.2 0.2
Repayments of long-term debt (Note 5) (20.6) (1.4)
Debt issuance costs 0.0 (1.4)
Cash dividends paid (8.0) (8.0)
Shares purchased (Note 8) (0.2) (0.4)
Other (0.2) 0.0
Net Cash Provided by (Used in) Financing Activities 12.2 (11.0)
Effect of Exchange Rate Changes on Cash and Cash Equivalents (0.5) (0.8)
Net Increase in Cash and Cash Equivalents 1.3 3.9
Cash and Cash Equivalents, Beginning of Year 23.9 37.1
Cash and Cash Equivalents, End of Period 25.2 41.0
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid during period for interest, net of interest costs capitalized 4.3 2.6
Cash paid during period for income taxes 4.3 1.5
Non-cash investing activities:    
Liability for equipment acquired $ 4.3 $ 2.5