Quarterly report [Sections 13 or 15(d)]

Consolidated Statements of Cash Flows (unaudited)

v3.26.1
Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Millions
 3 Months Ended
Apr. 04, 2026
Mar. 29, 2025
Cash flows from operating activities:    
Net income $ 19.7 $ 7.3
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 15.1 16.0
(Gain) on sale of business, Net of CTA Loss (0.4) 0.0
Stock-based compensation expense 2.1 1.5
Amortization of debt issuance costs 0.2 0.2
Benefit for deferred income taxes (0.4) (0.7)
Other, net 0.6 1.3
(Increase) decrease in:    
Accounts receivable (22.4) (15.3)
Inventories (3.7) 1.1
Income taxes receivable 6.0 0.3
Other current assets (3.3) 6.3
Other assets (0.9) (0.1)
Increase (decrease) in:    
Accounts payable 11.8 4.8
Accrued expenses and other liabilities (0.4) (5.2)
Income taxes payable (0.8) 2.2
Other noncurrent liabilities 0.7 (0.7)
Net cash provided by operating activities 23.9 19.0
Cash flows from investing activities:    
Divestiture of Business, net of cash used 0.4 0.0
Capital expenditures (6.7) (6.1)
Software development costs (0.9) (0.7)
Net cash used in investing activities (7.2) (6.8)
Cash flows from financing activities:    
Borrowings on revolving credit facilities 33.5 14.3
Repayment of borrowings on revolving credit facilities (33.5) (18.1)
Repayment of borrowings on long-term non-revolving debt (16.9) (4.0)
Proceeds from stock issued 0.5 0.5
Purchase of Treasury stock (4.6) 0.0
Dividends to shareholders (3.0) (3.0)
Payment of employee tax withholding on equity award vestings (0.2) (0.5)
Other financing activities (0.6) (0.5)
Net cash used in financing activities (24.8) (11.3)
Effect of exchange rate changes on cash and cash equivalents (0.7) 0.9
Net (decrease) increase in cash and cash equivalents (8.8) 1.8
Cash and cash equivalents, beginning of period 73.0 44.1
Cash and cash equivalents, end of period $ 64.2 $ 45.9