XML 19 R7.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 29, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net income $ 23.6 $ 43.8
Noncash items:    
Depreciation 9.5 8.5
Amortization 22.6 27.9
Allowance for credit losses 4.5 2.0
Stock-based compensation expense 11.0 15.0
Restructuring charges (0.2) 0.1
Impairment charges 0.8 0.3
Amortization of right-of-use assets 7.3 6.5
Amortization of debt discount and issuance costs 1.2 1.0
Change in trade accounts receivable (16.3) (8.5)
Change in inventories (12.2) (7.1)
Change in trade accounts payable (2.7) (38.1)
Change in prepaid expenses and other assets (3.8) 1.3
Change in accrued expenses and other liabilities 4.3 (41.3)
Change in operating lease liabilities (9.3) (8.3)
Net cash provided by operating activities 40.3 3.1
Cash flows from investing activities:    
Payments for additions to property, plant and equipment (11.0) (17.5)
All other investing activities, net 0.3 (4.5)
Net cash used in investing activities (10.7) (22.0)
Cash flows from financing activities:    
Proceeds from stock option exercises 1.3 4.6
Tax withholding payment related to net settlement of equity awards (3.3) (6.1)
All other financing activities (0.6) 0.0
Net cash used in financing activities (2.6) (1.5)
Effect of exchange rate changes on cash and cash equivalents (18.5) (1.3)
Net change in cash and cash equivalents 8.5 (21.7)
Beginning balance of cash and cash equivalents 940.0 606.9
Ending balance of cash and cash equivalents 948.5 585.2
Supplemental data:    
Cash paid for interest 16.7 14.3
Cash paid for taxes 3.8 6.6
ROU assets obtained in exchange for operating lease obligations $ 11.5 $ 7.6