Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows (unaudited)

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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Millions
 3 Months Ended
Mar. 30, 2024
Apr. 01, 2023
Cash flows from operating activities:    
Net Income (Loss) $ 9.2 $ 13.9
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 15.7 15.2
Stock-based compensation expense 4.2 3.4
Amortization of debt issuance costs 0.1 0.1
Benefit for deferred income taxes (0.9) (1.1)
Forward contract gains, net 0.0 0.3
Other, net 0.3 0.1
(Increase) decrease in, net of acquisitions:    
Accounts receivable (13.1) (9.5)
Inventories (0.7) (6.5)
Income taxes receivable 1.6 1.6
Other current assets 0.6 (4.1)
Other assets 1.1 2.4
Increase (decrease) in, net of acquisitions:    
Accounts payable (1.8) (3.1)
Accrued expenses and other liabilities (1.1) (3.4)
Income taxes payable 3.3 4.3
Other noncurrent liabilities (0.7) (1.3)
Net cash provided by operating activities 17.8 12.3
Cash flows from investing activities:    
Business acquisitions, net of cash acquired 0.0 (84.7)
Capital expenditures (5.5) (9.1)
Cash settlement of forward contracts 0.0 0.3
Software development costs (0.8) (1.1)
Net cash used in investing activities (6.3) (94.6)
Cash flows from financing activities:    
Borrowings on revolving credit facilities 21.8 95.0
Repayment of borrowings on revolving credit facilities (17.3) (12.5)
Repayment of borrowings on long-term non-revolving debt (5.2) (4.1)
Proceeds from stock issued 0.5 0.5
Dividends to shareholders (3.0) (3.0)
Payment of employee tax withholding on equity award vestings (1.8) (1.8)
Other financing activities (0.4) (0.3)
Net cash provided by financing activities (5.4) 73.8
Effect of exchange rate changes on cash, cash equivalents and restricted cash (1.2) 1.1
Net (decrease) increase in cash and cash equivalents 4.9 (7.4)
Cash and cash equivalents, beginning of period 32.4 43.7
Cash and cash equivalents, end of period $ 37.3 $ 36.3