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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income from continuing operations $ 50.0 $ 49.5 $ 65.5
Adjustments to reconcile income from continuing operations to net cash provided by (used in) operating activities:      
Depreciation and amortization 4.1 4.5 4.6
Other non-cash (benefit) and asset impairment charges (0.8) 1.9 0.0
Provision (benefit) for deferred income taxes 1.4 8.4 (21.9)
Provision for returns and doubtful accounts 1.0 0.7 1.0
Compensation expense related to equity compensation plans 5.4 0.9 1.6
Loss on dispositions and abandonment 0.1 0.0 0.0
Changes in operating assets and liabilities:      
Accounts receivable (5.6) (11.9) (6.7)
Inventories (5.0) (19.4) (5.0)
Prepaid expenses and other current assets (0.4) (2.4) 0.9
Income taxes payable (receivable) 3.7 (5.4) 0.0
Accounts payable 14.6 (6.6) 4.7
Accrued expenses, other current liabilities and other liabilities 1.8 (10.4) (0.6)
Net cash provided by operating activities from continuing operations 70.3 9.8 44.1
Net cash (used in) provided by operating activities from discontinued operations (1.9) (32.1) 1.5
Net cash provided by (used in) operating activities 68.4 (22.3) 45.6
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of property, plant and equipment (6.9) (4.5) (2.5)
Proceeds from disposals of property, plant and equipment 0.0 0.0 0.1
Net cash used in investing activities from continuing operations (6.9) (4.5) (2.4)
Net cash provided by (used in) investing activities from discontinued operations 0.0 249.6 (0.4)
Net cash (used in) provided by investing activities (6.9) 245.1 (2.8)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Repayments of capital lease obligations 0.0 (0.1) (0.1)
Dividends paid (261.6) (109.3) (13.0)
Proceeds from issuance of common stock 2.1 5.4 2.4
Payment of payroll taxes on stock-based compensation through shares withheld (0.9) (1.9) (0.8)
Proceeds from the issuance of common stock from employee stock purchase plans 0.8 0.0 0.0
Repurchase of treasury shares 0.0 (9.1) 0.0
Net cash used in financing activities (259.6) (115.0) (11.5)
EFFECTS OF EXCHANGE RATES ON CASH (0.1) 3.1 3.5
NET (DECREASE) INCREASE IN CASH (198.2) 110.9 34.8
CASH – BEGINNING OF YEAR 295.4 184.5 149.7
CASH – END OF YEAR 97.2 295.4 184.5
Supplemental disclosures:      
Interest paid 0.3 0.2 0.4
Income taxes paid 11.3 36.6 5.8
Supplemental disclosures of non-cash operating and investing activities:      
Acquisitions of equipment through capital leases 0.0 $ 0.0 $ 0.3
Right-of-use assets obtained in exchange for lease obligations, operating leases $ 16.5