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Condensed Consolidated Statements of Cash Flows (Unaudited)
€ in Millions, $ in Millions
9 Months Ended
Sep. 30, 2019
USD ($)
Sep. 30, 2018
USD ($)
Operating activities from continuing operations    
Net earnings $ 29.4 $ 35.7
(Earnings) loss from discontinued operations (net of income taxes) (10.9) 0.5
Adjustments to reconcile net earnings from continuing operations to net cash provided by operating activities from continuing operations:    
Depreciation and amortization 35.3 39.0
Unrealized (gain) loss on currency translation of intercompany advances (2.2) 1.9
Amortization of deferred financing costs 1.6 2.3
Loss on debt extinguishment 0.7 1.0
Inventory write-down 3.0 0.0
Property and equipment impairment 0.2 0.0
Non-cash stock-based compensation expense 10.8 8.7
Deferred income taxes 1.5 1.7
Changes in assets and liabilities:    
Accounts receivable (4.9) 1.7
Inventories (22.1) (26.7)
Prepaid and other current assets 8.0 (2.9)
Accounts payable (14.6) (2.1)
Advanced billings and deposits (4.5) 5.3
Other current liabilities (18.8) 2.8
Other noncurrent assets 1.4 0.6
Other noncurrent accrued liabilities (1.8) (0.4)
Net cash provided by operating activities from continuing operations 12.1 69.1
Investing activities from continuing operations    
Purchases of property and equipment (31.4) (25.0)
Proceeds from disposals of property and equipment 10.5 8.7
Proceeds from divestitures 51.1 0.0
Net cash provided by (used in) investing activities from continuing operations 30.2 (16.3)
Financing activities from continuing operations    
Payments on long-term debt and capital lease obligations (original maturities longer than 90 days) (66.5) (75.1)
Net decrease in short-term borrowings (original maturities of 90 days or less) (4.4) (0.5)
Proceeds from exercise of stock options 2.8 6.1
Purchase of treasury stock (3.7) 0.0
Debt issuance costs 0.0 (0.8)
Net cash used in financing activities from continuing operations (71.8) (70.3)
Total cash and cash equivalents used in continuing operations (29.5) (17.5)
Operating cash flows (3.5) (13.7)
Investing cash flows (0.3) (0.2)
Total cash and cash equivalents used in discontinued operations (3.8) (13.9)
Effect of exchange rate changes on cash and cash equivalents (2.9) (6.2)
Decrease in cash and cash equivalents (36.2) (37.6)
Cash and cash equivalents at beginning of period 184.0 187.9
Cash and cash equivalents at end of period $ 147.8 $ 150.3