v3.26.3
Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Millions
 9 Months Ended
Oct. 03, 2026
Sep. 27, 2025
Cash flows from operating activities:    
Net income $ 59.2 $ 28.9
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 45.6 47.8
Loss on disposal of assets 0.1 0.1
(Gain) on sale of business, net of CTA Loss (0.4) (18.8)
Goodwill impairment 0.0 25.9
Stock-based compensation expense 6.1 3.8
Amortization of debt issuance costs 0.5 0.5
(Benefit) provision for deferred income taxes (2.2) 0.5
Forward contract losses, net 0.0 0.5
Other, net 3.7 0.6
(Increase) decrease in:    
Accounts receivable, net (24.1) (35.4)
Inventories (20.9) 1.0
Income taxes receivable 4.4 3.5
Other current assets (3.1) 1.7
Other assets 1.6 3.7
Increase (decrease) in:    
Accounts payable 20.9 20.3
Accrued expenses and other liabilities 11.8 3.8
Income taxes payable 4.0 (4.3)
Other noncurrent liabilities (1.5) (2.8)
Net cash provided by operating activities 105.7 81.3
Cash flows from investing activities:    
Business acquisitions, net of cash acquired (1.7) 0.0
Divestiture of Business, net of cash used 0.4 (1.6)
Capital expenditures (25.5) (18.2)
Proceeds from dispositions of property, plant and equipment 0.0 0.2
Software development costs (2.2) (2.0)
Net cash used in investing activities (29.0) (21.6)
Cash flows from financing activities:    
Borrowings on revolving credit facilities 137.5 41.1
Repayment of borrowings on revolving credit facilities (137.5) (61.4)
Repayment of borrowings on long-term non-revolving debt (35.6) (11.9)
Proceeds from stock issued 1.9 1.4
Purchase of treasury stock (30.1) (9.2)
Dividends to shareholders (10.9) (9.0)
Payment of employee tax withholding on equity award vestings (0.4) (0.7)
Other financing activities (1.4) (1.4)
Net cash used in financing activities (76.5) (51.1)
Effect of exchange rate changes on cash and cash equivalents (0.6) 2.2
Net (decrease) increase in cash and cash equivalents (0.4) 10.8
Cash and cash equivalents, beginning of period 73.0 44.1
Cash and cash equivalents, end of period $ 72.6 $ 54.9