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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 30, 2024
Apr. 01, 2023
Cash flows from operating activities of continuing operations:    
Net income $ 25.0 $ 5.8
Net income from discontinued operations, net of income taxes 6.3 2.6
Net income from continuing operations 18.7 3.2
Adjustments to reconcile net income from continuing operations to cash flows from operating activities of continuing operations:    
Depreciation and amortization 48.2 47.1
Amortization of financing fees 0.8 0.8
Share-based compensation expense 3.0 2.0
Provision for deferred income taxes 1.9 1.1
Loss on disposal of property, plant and equipment, net 1.5 1.3
Gain on sale of property (0.5) 0.0
Other non-cash items (4.6) (2.0)
Change in operating assets and liabilities, net of acquisitions:    
Accounts receivable (6.0) 3.8
Inventories 1.2 2.1
Prepaid expenses and other current assets (3.4) (2.3)
Other assets (0.5) (0.1)
Accounts payable and accrued liabilities and other liabilities 3.1 (26.7)
Net cash provided by operating activities of continuing operations 63.4 30.3
Cash flows from investing activities of continuing operations:    
Acquisitions, net of cash received (4.1) (7.4)
Additions to property, plant and equipment (37.6) (42.2)
Additions to intangible assets (2.3) (2.0)
Proceeds from sale of property, plant and equipment 0.1 0.1
Proceeds from sale of property 1.0 0.0
Other investing activities 2.7 0.8
Net cash used in investing activities of continuing operations (40.2) (50.7)
Cash flows from financing activities of continuing operations:    
Payments of long-term debt (2.8) (3.2)
Proceeds from short-term borrowings 0.0 61.0
Payments on short-term borrowings 0.0 (33.2)
Issuance of common shares 6.2 4.3
Common shares repurchased and canceled (11.1) (19.3)
Dividends paid to common shareholders (14.8) (12.8)
Payment of contingent consideration for acquisitions (0.7) (0.8)
Other financing activities 0.0 (2.5)
Net cash used in financing activities of continuing operations (23.2) (6.5)
Cash flows from discontinued operations:    
Net cash provided by operating activities from discontinued operations 0.8 4.0
Net cash used in investing activities from discontinued operations (5.6) (10.8)
Net cash provided by financing activities from discontinued operations 0.1 6.8
Net cash (used in) provided by discontinued operations (4.7) 0.0
Effect of exchange rate changes on cash (0.5) 0.8
Net decrease in cash, cash equivalents and restricted cash (5.2) (26.1)
Cash and cash equivalents and restricted cash, beginning of period 530.5 122.6
Cash and cash equivalents and restricted cash, end of period 525.3 96.5
Cash and cash equivalents and restricted cash from discontinued operations, end of period 27.0 40.4
Cash and cash equivalents and restricted cash of continuing operations, end of period 498.3 56.1
Supplemental Non-Cash Investing and Financing Activities:    
Additions to property, plant and equipment through accounts payable and accrued liabilities and other liabilities 12.2 15.1
Dividends payable issued through accounts payable and accrued liabilities 0.2 0.2
Operating lease right-of-use assets obtained in exchange for lease obligations 10.5 1.1
Inventory transfer to property, plant and equipment 0.2 6.9
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 0.9 4.7
Cash received for interest 4.7 0.0
Cash paid for income taxes, net $ 0.1 $ 0.2