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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income from continuing operations $ 60.7 $ 70.7 $ 78.1
Adjustments to reconcile income from continuing operations to net cash provided by (used in) operating activities:      
Depreciation and amortization 7.6 6.4 3.9
(Benefit) provision for deferred income taxes (0.5) 2.0 0.0
Provision for credit losses 2.1 3.2 1.6
Compensation expense related to equity compensation plans 2.8 3.0 4.5
Gain on dispositions and abandonment (0.0) (0.0) (0.1)
Changes in operating assets and liabilities:      
Accounts receivable 1.6 (2.6) (3.3)
Inventories (17.1) 33.3 (7.0)
Prepaid expenses and other assets (2.6) (0.8) (1.8)
Income taxes 1.7 (1.1) (7.1)
Accounts payable (4.0) 1.2 (17.0)
Accrued expenses, other current liabilities and other liabilities (1.9) (3.3) (2.0)
Net cash provided by operating activities from continuing operations 50.4 112.0 49.8
Net cash provided by operating activities from discontinued operations 0.3 0.0 0.4
Net cash provided by operating activities 50.7 112.0 50.2
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of property, plant and equipment (3.8) (3.9) (7.4)
Proceeds from disposals of property, plant and equipment 0.0 0.0 0.3
Purchase of Indoff LLC, net of cash acquired (0.0) (72.3) (0.0)
Net cash used in investing activities from continuing operations (3.8) (76.2) (7.1)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Dividends paid (38.4) (30.6) (27.6)
Borrowings under credit facility 0.0 50.6 119.0
Repayments under credit facility (0.0) (51.2) (122.9)
Proceeds from issuance of common stock 1.8 0.6 0.8
Payment of payroll taxes on stock-based compensation through shares withheld (1.6) (0.5) (0.4)
Proceeds from the issuance of common stock from employee stock purchase plans 1.5 1.4 1.4
Net cash used in financing activities from continuing operations (36.7) (29.7) (29.7)
EFFECTS OF EXCHANGE RATES ON CASH 0.0 (0.2) (0.3)
NET INCREASE IN CASH 10.2 5.9 13.1
CASH AND CASH EQUIVALENTS – BEGINNING OF YEAR 34.4 28.5 15.4
CASH AND CASH EQUIVALENTS – END OF YEAR 44.6 34.4 28.5
Supplemental disclosures:      
Interest paid 0.3 1.1 1.2
Income taxes paid 17.9 23.7 32.8
Right-of-use assets obtained in exchange for lease obligations:      
Operating and finance leases $ 4.5 $ 6.3 $ 34.5