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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
OPERATING ACTIVITIES    
Net income $ 42.5 $ 57.0
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation expense 24.0 24.5
Amortization expense 12.1 15.1
Deferred income tax benefit (6.3) (13.1)
Share-based compensation expense 4.4 9.5
Bad debt and returns expense 0.5 0.8
Acquisition contingent consideration adjustment 0.0 0.7
Gain on sale of assets (3.7) (9.8)
Debt extinguishment cost 0.0 11.3
Other, net 0.7 1.6
Changes in operating assets and liabilities:    
Receivables (17.3) (5.5)
Inventories (65.5) (48.9)
Accounts payable (1.2) 16.4
Employee compensation and benefits (10.4) 7.2
Other assets and liabilities (18.6) (3.9)
Net cash (used in) provided by operating activities (38.8) 62.9
INVESTING ACTIVITIES    
Purchases of property, plant and equipment (19.4) (12.0)
Proceeds from sale of assets, net of cash divested 4.1 24.7
Purchase of intangible assets 0.0 (0.1)
Investment in leased assets (4.1) 0.0
Cash received from leased assets 0.4 0.0
Net cash (used in) provided by investing activities (19.0) 12.6
FINANCING ACTIVITIES    
Proceeds from borrowings 32.0 315.8
Repayments of borrowings (18.0) (361.2)
Debt extinguishment payment 0.0 (8.4)
Contingent consideration payments 0.0 (2.5)
Change in finance lease obligations 0.0 0.2
(Repurchases) proceeds from exercise of stock options, net of employee tax withholdings obligations (1.2) 4.2
Repurchases of common stock 0.0 (7.5)
Dividends paid (14.0) (12.9)
Net cash used in financing activities (1.2) (72.3)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (5.4) (3.6)
Net (decrease) in cash, cash equivalents and restricted cash (64.4) (0.4)
Cash, cash equivalents and restricted cash at beginning of period 123.6 141.0
Cash, cash equivalents and restricted cash at end of period 59.2 140.6
SUPPLEMENTAL CASH FLOW INFORMATION    
Cash paid for income taxes 21.9 13.1
Cash paid for interest 5.4 10.3
Cash paid for amounts included in the measurement of lease liabilities:    
Operating cash flows from operating leases 13.8 15.4
Financing cash flows from financing leases 0.0 0.1
Lease assets obtained in exchange for new operating lease liabilities 8.4 12.9
Supplemental non-cash investing and financing activities:    
Capital expenditures in accounts payable $ 1.9 $ 1.2