XML 15 R5.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
OPERATING ACTIVITIES    
Net income $ 39.9 $ 23.5
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 27.3 23.6
Stock-based compensation expense 6.5 6.3
Net impact of U.S. Tax Act 0.3 0.0
Gain on sale of assets (1.9) 0.0
Loss on extinguishment of debt 0.0 11.0
Litigation settlement gain 0.0 (3.3)
Changes in operating assets and liabilities:    
Accounts receivable (37.2) (29.9)
Inventories (23.2) (15.7)
Other current assets (9.8) (14.9)
Accounts payable and accrued expenses 26.0 34.4
Litigation settlement payment 0.0 (4.0)
Other (6.1) (3.8)
Net cash provided by operating activities 21.8 27.2
INVESTING ACTIVITIES    
Purchases of property, plant and equipment (35.9) (18.9)
Proceeds from sale of assets 2.8 0.0
Business acquisitions, net of cash acquired (36.8) (10.5)
Net cash used by investing activities (69.9) (29.4)
FINANCING ACTIVITIES    
Proceeds from (payments on) revolving credit facility, net 48.3 (32.5)
Payments on term loans and other debt (2.8) (27.7)
Proceeds from term loans and other debt 2.2 0.0
Payments on capital lease facilities, net (3.5)  
Proceeds from capital lease facilities, net   0.1
Issuance of 6.625% Senior Notes due 2027 0.0 350.0
Repurchase of 8.125% Senior Notes due 2021 0.0 (250.0)
Debt financing costs 0.0 (7.5)
Premium on early extinguishment of debt 0.0 (8.0)
Dividends (4.8) (5.0)
Purchase of treasury shares (6.1) (3.6)
Payments of withholding taxes on share awards (3.1) (2.3)
Net cash provided by financing activities 30.2 13.5
Effect of exchange rate changes on cash (2.0) 5.1
(Decrease) increase in cash and cash equivalents (19.9) 16.4
Cash and cash equivalents at beginning of period 82.8 64.3
Cash and cash equivalents at end of period 62.9 80.7
Interest paid 19.0 16.5
Income taxes paid $ 14.8 $ 8.6