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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash Flows from Operating Activities:    
Net income $ 6.1 $ 36.7
Adjustments to reconcile net income to cash used for operating activities:    
Depreciation expense 29.3 28.1
Amortization of intangible assets 1.5 1.7
Stock-based compensation expense 5.6 5.4
Amortization of deferred financing fees 0.7 0.7
Gain (loss) on sale of property, plant and equipment 0.3 (0.2)
Deferred income tax benefit 0.0 (14.0)
Loss on foreign currency translation adjustments 0.0 9.3
Changes in operating assets and liabilities    
Accounts receivable 16.9 (7.1)
Inventories (104.2) (107.4)
Notes receivable 2.1 3.9
Other assets 10.0 7.9
Accounts payable 32.3 19.5
Accrued expenses and other liabilities (20.2) 12.4
Net cash used for operating activities (19.6) (3.1)
Cash Flows from Investing Activities:    
Capital expenditures (25.1) (36.3)
Proceeds from sale of property, plant and equipment 3.5 5.1
Net cash used for investing activities (21.6) (31.2)
Cash Flows from Financing Activities:    
Proceeds from revolving credit facility - net 37.5 12.0
Payments on revolving credit facility 0.0 (10.0)
Proceeds from revolving credit facility 10.0 0.0
Proceeds from (payments on) other debt - net 10.1 (1.2)
Exercises of stock options 0.0 0.3
Common stock repurchases (5.7) (5.5)
Other financing activities (6.2) 0.0
Net cash provided by (used for) financing activities 45.7 (4.4)
Effect of exchange rate changes on cash and cash equivalents (0.8) 0.2
Net decrease in cash and cash equivalents 3.7 (38.5)
Cash and cash equivalents at beginning of period 34.4 64.4
Cash and cash equivalents at end of period 38.1 25.9
Supplemental Cash Flow Information    
Interest paid 18.2 17.0
Income taxes paid $ 3.9 $ 3.6