XML 14 R7.htm IDEA: XBRL DOCUMENT v3.25.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash Flows from Operating Activities:    
Net income (loss) $ (6.3) $ 4.5
Adjustments to reconcile net income (loss) to cash provided by (used for) operating activities:    
Depreciation expense 14.8 14.7
Amortization of intangible assets 0.8 0.7
Stock-based compensation expense 2.6 3.7
Amortization of deferred financing fees 0.4 0.3
Loss on sale of property, plant, and equipment 0.1 0.2
Changes in operating assets and liabilities:    
Accounts receivable (3.6) (15.3)
Inventories (66.0) (89.1)
Other assets 1.2 2.6
Accounts payable 61.4 56.6
Accrued expenses and other liabilities 7.5 (9.5)
Net cash provided by (used for) operating activities 12.9 (30.6)
Cash Flows from Investing Activities:    
Capital expenditures (10.8) (12.2)
Proceeds from sale of fixed assets 0.1 0.2
Purchase of assets (12.9) 0.0
Net cash used for investing activities (23.6) (12.0)
Cash Flows from Financing Activities:    
Payments on revolving credit facility (15.0) 0.0
Proceeds from revolving credit facility 17.9 14.0
Proceeds from other debt - net 3.3 29.1
Other financing activities (3.0) (2.9)
Net cash provided by financing activities 3.2 40.2
Effect of exchange rate changes on cash and cash equivalents 0.9 (0.5)
Net decrease in cash and cash equivalents (6.6) (2.9)
Cash and cash equivalents at beginning of period 48.0 34.4
Cash and cash equivalents at end of period 41.4 31.5
Supplemental Cash Flow Information    
Interest paid 1.5 2.1
Income taxes paid 2.4 1.8
Operating right-of-use assets obtained 11.0 2.9
Finance right-of-use assets obtained $ 0.6 $ 1.4