XML 26 R6.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
OPERATING ACTIVITIES      
Net earnings (loss) $ 145.9 $ (25.9) $ 37.6
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:      
Depreciation and amortization 40.3 50.9 49.6
Provision for expected losses on accounts receivable 2.8 3.8 3.2
Impairment charges 9.2 60.6 3.0
Share-based compensation 19.5 13.6 8.9
Non-cash loss (gain) on debt extinguishments 2.6 (2.3) 4.1
Deferred income taxes (0.3) (26.4) 2.5
Net pension plan (income) expense (4.2) (2.0) 1.8
Gain on equity investments, net (0.4) 0.0 (13.6)
Net gain on sale of building, machinery and equipment (0.7) 0.0 (19.2)
Net loss on disposition of Language Solutions business 0.0 0.0 4.0
Amortization of right-of-use assets 17.3 23.3 22.1
Other 1.9 1.1 3.1
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable, net (28.8) (14.8) 8.7
Inventories (0.8) 6.2 1.0
Prepaid expenses and other current assets (5.4) 2.2 2.6
Accounts payable (19.8) (4.4) (13.6)
Income taxes payable and receivable (13.5) 12.3 (13.0)
Accrued liabilities and other 36.6 79.3 (13.5)
Operating Lease liabilities (20.8) (22.2) (23.8)
Pension and other postretirement benefits plan contributions (1.4) (1.1) (1.0)
Net cash provided by operating activities 180.0 154.2 54.5
INVESTING ACTIVITIES      
Capital expenditures (42.3) (31.1) (44.8)
Proceeds from sale of building, machinery and equipment 0.9 0.0 30.6
Acquisitions, net of cash acquired (3.6) 0.0 (4.5)
Purchase of investments 0.0 (1.2) (2.3)
Proceeds from sale of investment 0.0 12.8 12.8
Payments for disposition of Language Solutions business 0.0 0.0 (4.0)
Other investing activities 0.0 (0.3) 0.0
Net cash used in investing activities (45.0) (19.8) (12.2)
FINANCING ACTIVITIES      
Revolving facility borrowings 278.0 369.0 515.5
Payments on revolving facility borrowings (278.0) (369.0) (515.5)
Proceeds from issuance of long-term debt 200.0 0.0 0.0
Payments on long-term debt (312.8) (63.8) (72.5)
Debt issuance costs (2.8) 0.0 (0.2)
Treasury share repurchases (40.9) (11.8) (1.8)
Proceeds from exercise of stock options 2.3 0.0 0.0
Finance lease payments (0.8) 0.0 0.0
Other financing activities 0.1 (1.9) 0.0
Net cash used in financing activities (154.9) (77.5) (74.5)
Effect of exchange rate on cash and cash equivalents 0.8 (0.5) 2.1
Net (decrease) increase in cash and cash equivalents (19.1) 56.4 (30.1)
Cash and cash equivalents at beginning of year 73.6 17.2 47.3
Cash and cash equivalents at end of period 54.5 73.6 17.2
Supplemental cash flow information:      
Income taxes paid (net of refunds) 65.0 21.7 25.0
Interest paid 21.8 24.5 31.9
Non-cash investing activities:      
Other investing activities 0.0 0.7 0.0
Conversion of note receivable to equity of investee $ 0.0 $ (1.0) $ 0.0