v3.10.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities      
Net income $ 58.6 $ 51.7 $ 32.8
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Lower of cost or market adjustment to inventory 2.9 (3.6) (1.7)
Unrealized (gain) loss on derivatives 2.8 0.8 (3.1)
Depreciation 21.1 18.5 14.8
Amortization of intangible assets 0.4 0.1 0.1
Amortization of debt discount and issuance costs 1.2 1.3 2.0
Loss on extinguishment of debt 0.5 0.2 23.4
Uncertain tax positions 0.0 2.1 0.0
Share-based compensation expense 6.7 8.2 6.9
Provision for bad debts, net of reductions 0.8 0.1 (0.3)
Deferred income taxes 5.3 18.0 4.7
Loss on disposal of property, plant and equipment 0.3 0.0 0.1
Change in assets and liabilities, net of effects of business acquisition:      
Accounts receivable 31.6 (49.8) (15.0)
Inventories (13.3) (9.7) 13.0
Prepaid expenses and other current assets 1.0 2.6 2.5
Accounts payable (1.5) 18.9 18.5
Accrued liabilities 3.5 (10.1) 0.9
Accrued interest (0.1)   (2.8)
Income taxes, net 0.1 0.9 (1.2)
Other, net 0.2 (1.0) 0.4
Net cash provided by (used in) operating activities 122.1 49.2 96.0
Cash flows from investing activities      
Capital expenditures (26.2) (24.7) (34.4)
Business acquisition (1.7) (40.0) 0.0
Proceeds from sale of property, plant and equipment 0.1 0.1 0.1
Net cash used in investing activities (27.8) (64.6) (34.3)
Cash flows from financing activities      
Borrowings on ABL Facility 0.9 0.8 1.2
Payments on ABL Facility (0.9) (0.8) (1.2)
Retirement of Senior Secured Notes 0.0 0.0 (345.3)
Premium payment on extinguishment of debt 0.0 0.0 (17.0)
Payments of debt issuance costs (0.4) (0.2) (5.4)
Proceeds from term loan, net of discount 25.4 8.7 316.8
Payments on term loan (28.6) (11.9) (0.8)
Principal payments under capital lease obligation (1.8) (1.3) (1.1)
Dividends paid (6.7) (4.4) (3.2)
Distribution to noncontrolling interest owner 0.0 (0.4) (0.2)
Proceeds from exercise of stock options 1.3 0.8 0.5
Share repurchases (16.0) (5.1) (0.8)
Net cash used in financing activities (26.8) (13.8) (56.5)
Effect of foreign currency exchange rates (1.0) 0.0 (0.5)
Net increase (decrease) in cash 66.5 (29.2) 4.7
Cash and cash equivalents at beginning of period 59.0 88.2 83.5
Cash and cash equivalents at end of period 125.5 59.0 88.2
Noncash investing and financing activities      
Purchases of property, plant and equipment not yet paid 4.4 5.0 4.1
Acquisition of equipment under capital lease obligation 0.4 0.0 0.0
Supplemental disclosure of cash flow information      
Interest, net of amount capitalized 16.9 16.8 27.0
Income taxes, net of refunds $ 12.4 $ 12.6 $ 13.3

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