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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities    
Net income $ 44.8 $ 39.2
Adjustments to reconcile net income to net operating cash flows:    
Depreciation 10.2 13.1
Amortization of intangible assets 14.0 17.6
Amortization of deferred financing costs 0.3 1.2
Gain on foreign currency, net (0.3) (0.2)
Accretion of debt discount 0.0 0.1
Non-cash amortization of interest rate swap expense   3.1
Impairment charges 6.1  
(Gain)/Loss on disposal and other (0.3) 0.1
Benefit for deferred taxes (4.4)  
Stock-based compensation 3.9 3.5
Changes in assets and liabilities:    
Trade receivables, net (56.5) (21.5)
Inventories (37.9) (15.5)
Accounts payable and accrued liabilities (6.3) 5.7
Other current assets and liabilities 5.4 (10.7)
Other operating assets and liabilities (2.8) 0.5
JVS transaction costs paid (1.1)  
Net cash (used in) provided by operating activities (24.9) 36.2
Cash flows from investing activities    
Purchase of property, plant and equipment (17.8) (9.6)
Net cash used in investing activities (17.8) (9.6)
Cash flows from financing activities    
Payments on Revolving Credit Facility (5.0)  
Dividend payments (5.2) (3.9)
Net payments on financing leases, mortgages, and other obligations (0.3) (0.4)
Net proceeds from China debt   0.3
Shares surrendered for tax withholding (4.1) (3.1)
Net cash used in financing activities (17.1) (27.1)
Effect of exchange rate changes on cash and cash equivalents (2.6) (4.5)
Net change in cash and cash equivalents (62.4) (5.0)
Cash and cash equivalents at beginning of period 246.1 254.4
Cash and cash equivalents at end of period 183.7 249.4
Cash paid during the period for:    
Interest paid on borrowings 4.9 6.4
Income taxes paid 11.5 16.6
Term Loan A    
Cash flows from financing activities    
Payments on Term Loan Facility $ (2.5)  
Term Loan B    
Cash flows from financing activities    
Payments on Term Loan Facility   $ (20.0)