v3.25.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
OPERATING ACTIVITIES    
Net income $ 50.9 $ 39.2
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 12.0 11.8
Amortization 38.4 38.0
Promissory note reserve 0.0 4.5
Deferred income taxes (1.1) (1.2)
Stock-based compensation 7.2 6.9
Other non-cash adjustments 4.6 3.3
Change in assets and liabilities, net of effects of acquisition:    
Accounts receivable, net (21.6) (17.3)
Inventories (1.6) 2.1
Accounts payable 5.0 (6.3)
Other current assets and liabilities (24.1) (25.0)
Other non-current assets and liabilities 3.5 (6.5)
Net cash provided by operating activities 73.2 49.5
INVESTING ACTIVITIES    
Purchases of property, plant and equipment (17.9) (13.1)
Payments for capitalized internal-use software (2.5) (0.9)
Acquisition, net of cash acquired 0.0 (209.4)
Other 0.8 0.3
Net cash used in investing activities (19.6) (223.1)
FINANCING ACTIVITIES    
Proceeds from debt 680.0 52.5
Repayments of debt (851.5) (38.6)
Purchase of non-controlling interest 0.0 (17.9)
Debt issuance costs (7.7) 0.0
Dividends paid (13.2) (12.7)
Other (2.5) (2.3)
Net cash used in financing activities (194.9) (19.0)
Effect of exchange rate changes on cash and cash equivalents 12.1 (1.3)
Net decrease in cash and cash equivalents (129.2) (193.9)
Cash and cash equivalents at beginning of period 236.3 369.8
Cash and cash equivalents at end of period 107.1 175.9
Cash paid during the period for:    
Interest 18.9 19.9
Income taxes, net of refunds 22.5 15.8
Property, plant, and equipment    
Non-cash investing and financing activities:    
Non-cash acquisitions 2.9 2.1
Capitalized internal-use software    
Non-cash investing and financing activities:    
Non-cash acquisitions $ 1.1 $ 0.5