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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income from continuing operations $ 70.1 $ 64.1 $ 50.0
Adjustments to reconcile income from continuing operations to net cash provided by operating activities:      
Depreciation and amortization 3.7 4.1 4.1
Other non-cash benefit 0.0 0.0 (0.8)
(Benefit) provision for deferred income taxes (3.2) (0.5) 1.4
Provision for credit losses 2.8 1.2 1.0
Compensation expense related to equity compensation plans 2.9 4.7 5.4
Loss on dispositions and abandonment 0.0 0.0 0.1
Changes in operating assets and liabilities:      
Accounts receivable (7.4) (15.0) (5.6)
Inventories (40.5) (19.7) (5.0)
Prepaid expenses and other assets 0.4 (2.6) (0.4)
Income taxes payable 3.9 3.1 3.7
Accounts payable 19.7 10.1 14.6
Accrued expenses, other current liabilities and other liabilities (4.8) 17.8 1.8
Net cash provided by operating activities from continuing operations 47.6 67.3 70.3
Net cash provided by (used in) operating activities from discontinued operations 2.2 0.9 (1.9)
Net cash provided by operating activities 49.8 68.2 68.4
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of property, plant and equipment (3.4) (2.7) (6.9)
Net cash used in investing activities (3.4) (2.7) (6.9)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Dividends paid (62.5) (134.3) (261.6)
Borrowings under credit facility 45.2 0.0 0.0
Repayments under credit facility (40.7) 0.0 0.0
Proceeds from issuance of common stock 4.9 3.3 2.1
Payment of payroll taxes on stock-based compensation through shares withheld (3.0) (1.4) (0.9)
Proceeds from the issuance of common stock from employee stock purchase plans 1.1 0.8 0.8
Purchase of treasury shares 0.0 (7.2) 0.0
Net cash used in financing activities from continuing operations (55.0) (138.8) (259.6)
EFFECTS OF EXCHANGE RATES ON CASH 0.0 0.1 (0.1)
NET DECREASE IN CASH (8.6) (73.2) (198.2)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH – BEGINNING OF YEAR 24.0 97.2 295.4
CASH AND CASH EQUIVALENTS – END OF YEAR 15.4 24.0 97.2
Supplemental disclosures:      
Interest paid 0.3 0.2 0.3
Income taxes paid 27.0 17.7 11.3
Supplemental disclosures of non-cash operating and investing activities:      
Operating leases $ 2.6 $ 28.7 $ 16.5