XML 16 R5.htm IDEA: XBRL DOCUMENT v3.21.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net income from continuing operations $ 5.5 $ 8.3
Adjustments to reconcile net income from continuing operations to net cash provided by (used in) operating activities:    
Depreciation and amortization 1.0 1.1
Provision for credit losses 0.4 0.2
Stock-based compensation 0.4 1.0
Provision for deferred taxes 0.5 0.0
Changes in operating assets and liabilities:    
Accounts receivable (2.8) (7.3)
Inventories (2.4) 4.6
Prepaid expenses and other assets 0.2 (1.7)
Income taxes payable 0.4 2.9
Accounts payable 17.3 2.3
Accrued expenses, other current liabilities and other liabilities (11.6) 2.3
Net cash provided by operating activities from continuing operations 8.9 13.7
Net cash provided by (used in) operating activities from discontinued operations 12.0 (0.1)
Net cash provided by operating activities 20.9 13.6
Cash flows from investing activities:    
Purchases of property, plant and equipment (0.9) (0.3)
Net cash used in investing activities (0.9) (0.3)
Cash flows from financing activities:    
Proceeds from short-term borrowings 19.6 0.0
Repayment of short-term borrowings (19.6) 0.0
Dividends paid (6.4) (43.3)
Proceeds from issuance of common stock 2.3 0.3
Payment of payroll taxes on stock-based compensation through shares withheld (1.9) (0.3)
Proceeds from the issuance of common stock from employee stock purchase plan 0.5 0.4
Purchase of treasury shares 0.0 (3.4)
Net cash used in financing activities (5.5) (46.3)
Effects of exchange rates on cash 0.0 (0.1)
Net increase (decrease) in cash 14.5 (33.1)
Cash, cash equivalents and restricted cash– beginning of period 24.0 97.2
Cash, cash equivalents and restricted cash – end of period 38.5 64.1
Right-of-use assets obtained in exchange for lease obligations:    
Operating leases $ 0.7 $ 0.0