XML 84 R6.htm IDEA: XBRL DOCUMENT v3.20.1
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash Flows from Operating Activities    
Net loss $ (3.6) $ (3.4)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 14.5 16.1
Amortization of deferred financing costs 0.4 0.6
Loss on disposal of fixed assets 0.3 0.2
Deferred income taxes 1.7 (1.1)
Currency (gain) on foreign denominated debt and notes payable (1.6) (2.1)
Amortization of restricted stock units 2.2 0.0
Changes in operating assets and liabilities:    
Decrease in receivables, net 6.1 2.9
(Increase) in inventory (2.1) (0.6)
Decrease in prepaid expenses and other assets 0.0 1.1
Increase (decrease) in accounts payable 1.0 (3.0)
Increase (decrease) in accrued liabilities (1.7) 0.9
Change in other assets and liabilities (5.6) 2.0
Net cash provided by operating activities 11.6 13.6
Capital expenditures:    
Converter equipment (8.6) (6.2)
Other capital expenditures (1.7) (0.3)
Total capital expenditures (10.3) (6.5)
Patent and trademark expenditures (0.2) (0.1)
Net cash used in investing activities (10.5) (6.6)
Cash Flows from Financing Activities    
Payments on term loans and credit facility (0.4) (1.1)
Net cash used in financing activities (0.4) (1.1)
Effect of Exchange Rate Changes on Cash (0.2) (0.2)
Net Increase in Cash and Cash Equivalents 0.5 5.7
Cash and Cash Equivalents, beginning of period 19.7 17.5
Cash and Cash Equivalents, end of period $ 20.2 $ 23.2