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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities    
Net Income/(loss) $ (95.0) $ 64.2
Adjustments to reconcile net income to net operating cash flows:    
Depreciation 29.3 28.9
Amortization of intangible assets 34.8 35.4
Amortization of deferred financing costs 2.3 2.3
Accretion of debt discount 0.2  
Non-cash amortization of interest rate swap expense 2.2  
Impairment of goodwill and intangible asset 147.5  
Payment for interest rate swap settlement (34.7)  
(Gain)/Loss on foreign currency, net (0.1) 0.8
Loss on disposal and other   (0.2)
Stock-based compensation 7.1 7.0
Changes in assets and liabilities:    
Trade receivables 10.9 (10.2)
Inventories (3.6) (6.3)
Accounts payable, accrued payroll, accruals and current liabilities (10.8) (20.2)
Other current assets and liabilities (14.6) (4.5)
Other operating assets and liabilities (1.8) (1.5)
Net cash provided by operating activities 73.7 96.1
Cash flows from investing activities    
Purchase of property, plant and equipment (17.3) (24.1)
A&S acquisition purchase price adjustment   (13.5)
Proceeds from cross currency interest rate swap settlement 56.2 0.3
Net cash provided by (used in) investing activities 38.9 (37.3)
Cash flows from financing activities    
Borrowing under Revolving Credit Facility 100.0  
Payments on Revolving Credit Facility (100.0)  
Payments on Term Loan Facility (30.0) (50.0)
Dividend payments (22.3) (22.0)
Net payments on financing leases, mortgages, and other obligations (0.2) (0.5)
Net proceeds/(payments) from China debt (0.6) 2.4
Shares surrendered for tax withholding (2.0) (2.3)
Net cash used in financing activities (55.1) (72.4)
Effect of exchange rate changes on cash and cash equivalents (4.7) (1.8)
Net change in cash and cash equivalents 52.8 (15.4)
Cash and cash equivalents at beginning of period 167.3 169.0
Cash and cash equivalents at end of period 220.1 153.6
Cash paid during the period for:    
Interest paid on borrowings 31.7 35.3
Income taxes paid $ 22.8 $ 24.4