v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
OPERATING ACTIVITIES    
Net income $ 27.4 $ 24.5
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 6.7 6.0
Amortization 20.8 19.2
Deferred income taxes (0.6) (0.6)
Stock-based compensation 4.1 3.3
Other non-cash adjustments 2.3 2.4
Change in assets and liabilities, net of effects of acquisition:    
Accounts receivable, net (30.0) (27.1)
Inventories (5.5) 3.3
Accounts payable 13.7 (3.3)
Other current assets and liabilities 1.2 (11.7)
Other non-current assets and liabilities (0.5) 5.0
Net cash provided by operating activities 39.6 21.0
INVESTING ACTIVITIES    
Purchases of property, plant and equipment (12.2) (8.0)
Payments for capitalized internal-use software (0.9) (1.4)
Redemption of short-term investments 3.4 0.0
Proceeds from sale of property, plant, and equipment 0.1 0.0
Other 1.0 0.0
Net cash used in investing activities (8.6) (9.4)
FINANCING ACTIVITIES    
Repayments of debt (50.1) (4.0)
Dividends paid (6.9) (6.6)
Incentive plan activity (9.2) (2.7)
Net cash used in financing activities (66.2) (13.3)
Effect of exchange rate changes on cash and cash equivalents (0.3) 5.7
Net increase (decrease) in cash and cash equivalents (35.5) 4.0
Cash and cash equivalents at beginning of period 114.7 236.3
Cash and cash equivalents at end of period 79.2 240.3
Cash paid during the period for:    
Interest 2.9 4.3
Income taxes, net of refunds 0.9 6.6
Property, plant, and equipment    
Non-cash investing and financing activities:    
Non-cash acquisitions 6.9 1.8
Capitalized internal-use software    
Non-cash investing and financing activities:    
Non-cash acquisitions $ 1.2 $ 0.9