XML 17 R7.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
OPERATING ACTIVITIES    
Net (loss) income $ (7.5) $ (10.5)
Adjustments to reconcile net loss to net cash (used) provided by operating activities:    
Depreciation and amortization 28.9 26.9
Stock-based compensation expense 4.7 4.4
Changes in operating assets and liabilities:    
Accounts receivable (6.6) 9.6
Inventories (74.7) 20.8
Prepaid and other current assets 11.5 0.6
Accounts payable and accrued expenses 24.7 (18.2)
Other (6.9) (0.8)
Net cash (used) provided by operating activities (25.9) 32.8
INVESTING ACTIVITIES    
Purchases of property, plant and equipment (24.9) (14.9)
Business acquisition, net of cash acquired (5.4) 0.0
Proceeds from sale of an asset 0.0 1.4
Net cash used by investing activities (30.3) (13.5)
FINANCING ACTIVITIES    
Proceeds (payments) from revolving credit facility, net 78.4 (7.7)
Payments on other debt (5.4) (8.1)
Proceeds from other debt 2.3 3.8
Payments on finance lease facilities, net (3.5) (2.6)
Dividends (4.7) (1.6)
Purchases of treasury shares (2.5) (7.2)
Payments of withholding taxes on share awards (2.6) (0.7)
Net cash provided (used) by financing activities 62.0 (24.1)
Effect of exchange rate changes on cash (1.2) (0.3)
Increase (decrease) in cash and cash equivalents 4.6 (5.1)
Cash and cash equivalents at beginning of period 55.0 56.0
Cash and cash equivalents at end of period 59.6 50.9
Interest paid 15.6 15.7
Income taxes (received) paid, net $ (4.6) $ 2.0