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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
OPERATING ACTIVITIES    
Net income including noncontrolling interest $ 57.0 $ 31.2
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 24.5 24.1
Amortization of intangible assets 15.1 15.3
Deferred income taxes (13.1) (1.7)
Share-based compensation expense 9.5 4.7
Bad debt and returns expense 0.8 0.9
Acquisition contingent consideration adjustment 0.7 (0.3)
Gain on sale of business (9.8) 0.0
Debt extinguishment cost 11.3 0.0
Other, net 1.6 2.9
Changes in operating assets and liabilities:    
Receivables (5.5) 23.4
Inventories (48.9) 13.1
Accounts payable 16.4 (7.8)
Employee compensation and benefits 7.2 (11.9)
Other assets and liabilities (3.9) 3.6
Net cash provided by operating activities 62.9 97.5
INVESTING ACTIVITIES    
Purchases of property, plant and equipment (12.0) (25.5)
Proceeds from disposals of property, plant and equipment 0.0 0.1
Proceeds from sale of business, net of cash divested 24.7 0.0
Purchase of intangible assets (0.1) (0.1)
Net cash provided by (used in) investing activities 12.6 (25.5)
FINANCING ACTIVITIES    
Proceeds from borrowings 315.8 126.4
Repayments of debt (361.2) (142.3)
Debt extinguishment payment (8.4) 0.0
Contingent consideration payments (2.5) 0.0
Change in finance lease obligations 0.2 (0.1)
Proceeds from issuance of common stock 4.2 3.6
Dividends paid (12.9) (12.1)
Repurchases of common stock (7.5) 0.0
Net cash used in financing activities (72.3) (24.5)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (3.6) 2.6
Net (decrease) increase in cash, cash equivalents and restricted cash (0.4) 50.1
Cash, cash equivalents and restricted cash at beginning of period 141.0 74.6
Cash, cash equivalents and restricted cash at end of period 140.6 124.7
SUPPLEMENTAL CASH FLOW INFORMATION    
Cash paid for income taxes 13.1 7.7
Cash paid for interest 10.3 9.6
Operating cash flows from operating leases 15.4 14.8
Financing cash flows from financing leases 0.1 0.1
Lease assets obtained in exchange for new operating lease liabilities 12.9 10.2
Supplemental non-cash investing and financing activities:    
Capital expenditures in accounts payable $ 1.2 $ 2.3