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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 29, 2020
Mar. 31, 2019
OPERATING ACTIVITIES    
Net income $ 32.0 $ 31.0
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation 7.6 7.5
Amortization of intangibles 3.8 3.9
Loss on disposal and impairment of property, plant and equipment and other   0.5
Stock-based compensation 3.6 4.6
Deferred income tax 3.9 4.5
Changes in operating assets and liabilities, net of effects from business acquisitions:    
Accounts receivable (20.6) (36.3)
Inventories (12.7) (7.8)
Prepaid expenses and other assets (4.6) 0.2
Accounts payable, accrued expenses and other liabilities (13.9) (32.3)
Net cash used in operating activities (0.9) (24.2)
INVESTING ACTIVITIES    
Additions to property, plant and equipment (8.9) (6.9)
Proceeds from the sale of property, plant and equipment 1.4  
Net cash used in investing activities (7.5) (6.9)
FINANCING ACTIVITIES    
Proceeds from long-term borrowings 70.0 30.0
Payments of long-term debt   (12.5)
Payments for tax withholding on vested awards (7.7) (6.7)
Payment of finance leases (0.5) (0.5)
Proceeds from share transactions under employee stock plans   0.6
Payments to repurchase common stock (14.7) (5.6)
Dividends (8.0) (7.3)
Net cash provided by (used in) financing activities 39.1 (2.0)
Effect of exchange rate changes on cash and cash equivalents (5.0) (0.8)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 25.7 (33.9)
Cash and cash equivalents at beginning of year 219.7 204.1
CASH AND CASH EQUIVALENTS AT END OF PERIOD 245.4 170.2
NON CASH INVESTING AND FINANCING ACTIVITIES    
Issuance of stock under management stock purchase plan 0.7 1.2
CASH PAID FOR:    
Interest 2.5 2.6
Income taxes $ 5.0 $ 2.9