XML 25 R8.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
OPERATING ACTIVITIES      
Net income $ 83.7 $ 109.5 $ 66.3
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation expense 40.1 36.4 32.8
Amortization expense 15.0 14.7 15.9
Deferred income tax benefit (9.8) (26.9) (15.6)
Share-based compensation expense 11.9 11.6 7.8
Bad debt and returns expense 3.4 3.4 2.3
Gain on sale of assets 0.0 0.0 (3.7)
Other, net 0.6 1.3 1.0
Changes in operating assets and liabilities:      
Receivables (15.0) 4.1 (46.3)
Inventories (33.0) 14.3 (68.3)
Accounts payable 15.4 (15.3) 7.7
Employee compensation and benefits (5.2) 22.3 (14.8)
Other assets and liabilities (17.4) 13.0 (10.2)
Net cash provided by (used in) operating activities 89.7 188.4 (25.1)
INVESTING ACTIVITIES      
Purchases of property, plant and equipment (20.9) (22.8) (25.0)
Purchase of investment (32.1) 0.0 0.0
Payments made in connection with business acquisition, net of cash acquired (25.7) 0.0 0.0
Investment in leased assets (0.5) (1.2) (4.3)
Cash received from leased assets 0.8 0.8 0.6
Proceeds from sale of assets, net of cash divested 0.0 0.0 4.1
Other, net 0.0 0.0 0.1
Net cash used in investing activities (78.4) (23.2) (24.5)
FINANCING ACTIVITIES      
Proceeds from borrowings 40.9 20.0 52.0
Repayments of borrowings (42.5) (120.0) (19.1)
Payment of debt financing costs (2.2) 0.0 0.0
Change in finance lease obligations 0.0 0.2 0.0
Proceeds from exercise of stock options, net of employee tax withholdings obligations of $3.8, $1.7 and $2.0, respectively 19.6 19.0 (0.9)
Dividends paid (21.4) (20.1) (18.9)
Repurchases of common stock (19.6) (21.7) (5.0)
Net cash (used in) provided by financing activities (25.2) (122.6) 8.1
Effect of exchange rate changes on cash, cash equivalents and restricted cash (3.4) (2.9) (4.7)
Net (decrease) increase in cash, cash equivalents and restricted cash (17.3) 39.7 (46.2)
Cash, cash equivalents and restricted cash at beginning of period 117.1 77.4 123.6
Cash, cash equivalents and restricted cash at end of period 99.8 117.1 77.4
SUPPLEMENTAL CASH FLOW INFORMATION      
Cash paid for income taxes 30.2 39.5 34.1
Cash paid for interest 13.6 17.1 7.6
Supplemental non-cash investing and financing activities:      
Capital expenditures in accounts payable $ 6.4 $ 3.5 $ 4.1