Quarterly report [Sections 13 or 15(d)]

Consolidated Statements of Cash Flows (unaudited)

v3.25.1
Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Millions
 3 Months Ended
Mar. 29, 2025
Mar. 30, 2024
Cash flows from operating activities:    
Net income $ 7.3 $ 9.2
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 16.0 15.7
Stock-based compensation expense 1.5 4.2
Amortization of debt issuance costs 0.2 0.1
Benefit for deferred income taxes (0.7) (0.9)
Other, net 1.3 0.3
(Increase) decrease in:    
Accounts receivable (15.3) (13.1)
Inventories 1.1 (0.7)
Income taxes receivable 0.3 1.6
Other current assets 6.3 0.6
Other assets (0.1) 1.1
Increase (decrease) in:    
Accounts payable 4.8 (1.8)
Accrued expenses and other liabilities (5.2) (1.1)
Income taxes payable 2.2 3.3
Other noncurrent liabilities (0.7) (0.7)
Net cash provided by operating activities 19.0 17.8
Cash flows from investing activities:    
Capital expenditures (6.1) (5.5)
Software development costs (0.7) (0.8)
Net cash used in investing activities (6.8) (6.3)
Cash flows from financing activities:    
Borrowings on revolving credit facilities 14.3 21.8
Repayment of borrowings on revolving credit facilities (18.1) (17.3)
Repayment of borrowings on long-term non-revolving debt (4.0) (5.2)
Proceeds from stock issued 0.5 0.5
Dividends to shareholders (3.0) (3.0)
Payment of employee tax withholding on equity award vestings (0.5) (1.8)
Other financing activities (0.5) (0.4)
Net cash used in financing activities (11.3) (5.4)
Effect of exchange rate changes on cash and cash equivalents 0.9 (1.2)
Net increase in cash and cash equivalents 1.8 4.9
Cash and cash equivalents, beginning of period 44.1 32.4
Cash and cash equivalents, end of period $ 45.9 $ 37.3