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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jul. 02, 2022
Jul. 03, 2021
Jul. 02, 2022
Jul. 03, 2021
Cash flows from operating activities:        
Net Loss $ (22.5) $ (8.3) $ (29.2) $ (18.5)
Adjustments to reconcile net loss to cash flows from operating activities of continuing operations:        
Depreciation and amortization 60.2 52.0 121.4 105.1
Amortization of financing fees 0.8 0.9 1.7 1.7
Share-based compensation expense 4.2 3.8 7.5 6.2
(Benefit) provision for deferred income taxes (0.1) (4.2) 1.5 (0.6)
Loss on extinguishment of debt 0.0 27.2 0.0 27.2
Gain on sale of business 0.0 0.0 (0.4) 0.0
Impairment charges 29.1 0.0 29.1 0.0
Loss on disposal of property, plant and equipment, net 0.1 3.3 1.8 5.4
Other non-cash items 11.0 (1.2) 13.1 (1.0)
Change in operating assets and liabilities, net of acquisitions:        
Accounts receivable (21.3) (52.2) (33.2) (61.9)
Inventories (8.0) (6.3) (19.1) (3.1)
Prepaid expenses and other current assets 1.0 (2.0) (5.2) (4.2)
Other assets 0.7 0.2 0.0 0.3
Accounts payable and accrued liabilities and other liabilities 11.5 46.4 1.3 31.7
Net cash provided by operating activities from continuing operations 66.7 59.6 90.3 88.3
Cash flows from investing activities of continuing operations:        
Acquisitions, net of cash received (7.1) (0.3) (7.4) (0.3)
Additions to property, plant and equipment (46.6) (34.8) (85.2) (61.8)
Additions to intangible assets (2.4) (1.8) (4.9) (4.1)
Proceeds from sale of property, plant and equipment 0.6 0.6 1.0 0.7
Other investing activities (0.1) 0.0 0.4 0.0
Net cash used in investing activities from continuing operations (55.6) (36.3) (96.1) (65.5)
Cash flows from financing activities of continuing operations:        
Payments of long-term debt (5.2) (753.6) (9.7) (757.0)
Issuance of long-term debt 0.0 750.0 0.0 750.0
Proceeds from short-term borrowings 10.0 45.0 10.0 45.0
Payments on short-term borrowings 0.0 (10.0) 0.0 (10.0)
Premiums and costs paid upon extinguishment of long-term debt 0.0 (20.6) 0.0 (20.6)
Issuance of common shares 0.4 14.7 1.6 15.7
Common shares repurchased and canceled (0.2) (13.2) (2.0) (16.3)
Financing fees 0.0 (10.6) 0.0 (11.3)
Dividends paid to common shareholders (11.6) (9.9) (22.9) (19.6)
Payment of deferred consideration for acquisitions 0.0 (0.1) (0.1) (1.8)
Other financing activities 0.7 (0.9) 4.6 4.3
Net cash used in financing activities from continuing operations (5.9) (9.2) (18.5) (21.6)
Cash flows from discontinued operations:        
Operating activities of discontinued operations 0.0 (2.6) 0.0 (1.8)
Investing activities of discontinued operations 0.0 0.0 0.0 0.0
Financing activities of discontinued operations 0.0 0.0 0.0 0.0
Net cash used in discontinued operations 0.0 (2.6) 0.0 (1.8)
Effect of exchange rate changes on cash (1.0) 0.5 (1.9) (0.3)
Net increase (decrease) in cash, cash equivalents and restricted cash 4.2 12.0 (26.2) (0.9)
Cash and cash equivalents and restricted cash, beginning of period 98.0 102.2 128.4 115.1
Cash and cash equivalents and restricted cash, end of period 102.2 114.2 102.2 114.2
Supplemental Non-cash Investing and Financing Activities:        
Dividends payable issued through accounts payable and accrued liabilities 0.2 0.0 0.4 0.1
Additions to property, plant and equipment through accounts payable and accrued liabilities and other liabilities 13.4 11.9 23.8 19.4
Financing lease right-of-use assets obtained in exchange for lease obligations 0.7 3.3 3.4 5.9
Operating lease right-of-use assets obtained in exchange for lease obligations 10.3 11.5 15.8 18.2
Supplemental Disclosures of Cash Flow Information:        
Cash paid for interest 29.4 16.9 32.9 40.2
Cash paid for income taxes, net 1.5 4.3 2.5 6.2
Cash and cash equivalents and restricted cash:        
Cash and cash equivalents 98.5 114.2 98.5 114.2
Cash included in prepaid expenses and other current assets 3.7 0.0 3.7 0.0
Total $ 102.2 $ 114.2 $ 102.2 $ 114.2