v3.25.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 3 Months Ended
Dec. 29, 2024
Dec. 31, 2023
Cash flows from operating activities    
Net income $ 23.8 $ 29.2
(Loss) income from discontinued operations, net of tax (0.8) 11.7
Net income from continuing operations 24.6 17.5
Adjustments to reconcile net income from continuing operations to net cash provided (used) by operating activities from continuing operations:    
Depreciation 14.0 14.4
Amortization 10.5 11.1
Share based compensation 4.7 3.9
Impairment of intangible assets 0.0 4.0
Gain on early extinguishment of debt 0.0 (4.7)
Amortization of debt issuance costs and debt discount 0.9 1.2
Non-cash purchase accounting adjustments 0.0 0.5
Deferred tax benefit (1.9) (0.8)
Net changes in operating assets and liabilities (124.7) (29.0)
Net cash (used) provided by operating activities from continuing operations (71.9) 18.1
Net cash used by operating activities from discontinued operations (0.5) (22.4)
Net cash used by operating activities (72.4) (4.3)
Cash flows from investing activities    
Purchases of property, plant and equipment (5.9) (8.4)
Purchases of short term investments 0.0 (700.0)
Proceeds from sale of short term investments 0.0 842.0
Net cash (used) provided by investing activities (5.9) 133.6
Cash flows from financing activities    
Payment of debt and debt premium (2.6) (174.1)
Payment of debt issuance costs (0.1) (3.2)
Dividends paid to shareholders (13.2) (14.1)
Treasury stock purchases (72.9) (243.0)
Excise tax paid on net share repurchases (4.1) 0.0
Share based award tax withholding payments, net of proceeds upon vesting (4.4) (5.4)
Net cash used by financing activities (97.3) (439.8)
Effect of exchange rate changes on cash and cash equivalents (12.9) 2.0
Net change in cash, cash equivalents and restricted cash in continuing operations (188.5) (308.5)
Cash, cash equivalents, and restricted cash, beginning of period 370.5 753.9
Cash, cash equivalents, and restricted cash, end of period 182.0 445.4
Non cash investing activities    
Acquisition of property, plant and equipment through finance leases 0.4 0.2
Non cash financing activities    
Non-cash excise tax on net share repurchases 0.6 3.1
Issuance of shares through stock compensation plan 9.4 14.0
Continuing Operations    
Supplemental disclosure of cash flow information    
Cash paid for interest associated with continuing operations 7.0 21.8
Cash paid for taxes associated with continuing operations 8.0 3.4
Discontinued Operations    
Supplemental disclosure of cash flow information    
Cash paid for taxes associated with continuing operations $ 2.6 $ 0.0