XML 18 R7.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent $ (19.5) $ (11.3)
Cash flows from operating activities:    
Net (loss) (19.5) (2.0)
Adjustments to reconcile net (loss) to net cash (used for) operating activities:    
Depreciation and amortization 20.9 22.3
Deferred income taxes (0.6) (0.6)
Stock-based compensation 1.3 2.1
Gain from long-term disability plan change (1.1) 0.0
U.S. pension expense 1.9 2.7
Other non-cash adjustments, net 0.5 (0.5)
Changes in operating assets and liabilities:    
Receivables (9.2) (26.8)
Inventories (11.0) 3.4
Accounts payable and accrued expenses 15.4 (32.2)
Other assets and liabilities (5.5) (2.2)
Net cash (used for) operating activities (6.9) (33.8)
Cash flows from investing activities:    
Purchases of property, plant and equipment (10.9) (15.5)
Net cash (used for) investing activities (10.9) (15.5)
Cash flows from financing activities:    
Proceeds from revolving credit facility 41.2 0.0
Payments on revolving credit facility (79.2) (25.0)
Payments on long-term debt (0.1) (2.1)
Payments of Financing Costs 6.9 0.1
Payments for Repurchase of Common Stock 0.0 51.3
Proceeds from Stock Options Exercised 0.0 0.1
Value of shares withheld related to employee tax withholding 0.0 (0.7)
Net cash provided by (used for) financing activities 25.0 (79.1)
Effect of exchange rate changes on cash and cash equivalents (0.2) 0.1
Net increase (decrease) in cash and cash equivalents 7.0 (128.3)
Cash and cash equivalents at beginning of year 27.1 173.8
Cash and cash equivalents at end of period 34.1 45.5
Supplemental Cash Flow Disclosure:    
Amounts in accounts payable for capital expenditures 2.0 4.6
Interest paid 1.7 1.8
Income taxes paid (refunded), net 0.4 1.1
Proceeds from Issuance of Long-term Debt $ 70.0 $ 0.0