XML 20 R7.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
Cash Flows From Operating Activities      
Net income (loss) $ 11.0 $ (19.1) $ 46.6
Adjustments to reconcile net income (loss) to cash provided by (used for -)operating activities:      
Asset impairment expense 1.9 0.0 0.0
Depreciation expense 45.5 37.2 35.0
Amortization of intangible assets 1.4 0.3 0.3
Amortization of deferred financing fees 1.5 1.5 1.5
Deferred income tax (benefit) - net (0.6) 4.8 1.5
Loss on early extinguishment of debt 0.0 0.0 25.0
Loss (gain) on sale of property, plant and equipment 0.2 0.0 (3.5)
Net unrealized foreign currency transaction losses 0.7 3.6 7.5
Stock-based compensation expense 7.1 6.0 9.5
Other 3.2 0.5 0.6
Changes in operating assets and liabilities, net of effects from acquisitions      
Accounts receivable (5.2) (37.7) (124.2)
Inventories (68.3) 8.3 (18.3)
Notes receivable 1.0 7.4 2.9
Other assets (7.6) (7.1) 16.4
Accounts payable 62.9 (20.1) (59.7)
Accrued expenses and other liabilities 20.3 (20.7) 5.6
Net cash used for operating activities 76.2 (35.1) (53.3)
Cash Flows From Investing Activities      
Capital expenditures (40.4) (26.3) (35.1)
Proceeds from sale of fixed assets 0.3 0.5 17.2
Acquisition of business (Note 9) (186.2) 0.0 0.0
Cash receipts on sold accounts receivable 0.0 0.0 126.3
Net cash provided by (used for) investing activities (226.3) (25.8) 108.4
Cash Flows From Financing Activities      
Proceeds from revolving credit facility 100.0 50.0 139.7
Payments on revolving credit facility 0.0 (50.0) (139.7)
Payments on long-term debt 0.0 0.0 (276.6)
Proceeds from long-term debt 0.0 0.0 300.0
Other debt - net (4.9) (2.9) (4.4)
Debt issuance costs 0.0 0.0 (8.3)
Exercises of stock options including windfall tax benefits 5.8 0.1 0.4
Common stock repurchases 0.0 (12.0) (7.4)
Net cash provided by (used for) financing activities 100.9 (14.8) 3.7
Effect of exchange rate changes on cash (4.1) 5.1 0.2
Net increase (decrease) in cash and cash equivalents (53.3) (70.6) 59.0
Cash and cash equivalents at beginning of period 128.7 199.3 140.3
Cash and cash equivalents at end of period 75.4 128.7 199.3
Supplemental Cash Flow Information      
Interest paid 28.9 28.8 36.0
Income taxes (paid) refunded $ 3.7 $ (13.6) $ (10.5)