v3.25.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
OPERATING ACTIVITIES    
Net income $ 33.3 $ 56.3
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation expense 21.9 19.5
Amortization expense 6.8 7.8
Deferred income tax benefit (0.2) (1.2)
Share-based compensation expense 5.8 5.3
Bad debt and returns expense 3.3 0.6
Other, net 0.3 0.3
Changes in operating assets and liabilities:    
Receivables (2.4) (22.8)
Inventories (8.3) (22.9)
Accounts payable (6.2) 20.8
Employee compensation and benefits (13.9) (14.9)
Other assets and liabilities (18.3) (27.3)
Net cash provided by operating activities 22.1 21.5
INVESTING ACTIVITIES    
Purchases of property, plant and equipment (10.8) (7.2)
Purchase of investment 0.0 (32.1)
Payments made in connection with business acquisition, net of cash acquired 0.0 (25.7)
Investment in leased assets (0.2) (0.3)
Cash received from leased assets 0.4 0.4
Net cash used in investing activities (10.6) (64.9)
FINANCING ACTIVITIES    
Proceeds from borrowings 15.0 40.0
Repayments of borrowings (0.8) (27.5)
(Repurchases) proceeds from exercise of stock options, net of employee tax withholdings obligations of $2.9 and $3.6, respectively (2.4) 19.6
Repurchases of common stock (33.6) (9.1)
Dividends paid (11.0) (10.6)
Net cash (used in) provided by financing activities (32.8) 12.4
Effect of exchange rate changes on cash and cash equivalents 1.6 (1.5)
Net decrease in cash and cash equivalents (19.7) (32.5)
Cash and cash equivalents at beginning of period 99.8 117.1
Cash and cash equivalents at end of period 80.1 84.6
SUPPLEMENTAL CASH FLOW INFORMATION    
Cash paid for income taxes 9.0 18.6
Cash paid for interest 6.0 7.7
Cash paid for amounts included in the measurement of lease liabilities:    
Operating cash flows from operating leases 11.9 9.7
Financing cash flows from financing leases 0.1 0.0
Lease assets obtained in exchange for new operating lease liabilities 7.0 12.8
Lease assets obtained in exchange for new financing lease liabilities 0.1 0.0
Supplemental non-cash investing and financing activities:    
Capital expenditures in accounts payable $ 1.9 $ 1.2