XML 28 R7.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:      
Income (loss) from continuing operations $ 19,658 $ 20,219 $ (97,073)
Income (loss) from discontinued operations, net of income taxes 0 0 (424)
Net income (loss) 19,658 20,219 (97,497)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Stock-based compensation 7,756 19,093 7,394
Depreciation and amortization 17,161 18,516 20,867
Impairments, inventory write-down and other charges 0 0 132,579
Changes in value of life insurance policies 5,069 (2,672) (894)
Deferred income taxes 433 6,012 (12,216)
Realization of pension obligation 451 (234) 188
Net provision for credit losses (6) (256) 1,618
Gain on sale of business 0 (1,012) 0
(Gain) loss on sale of discontinued operations 0 0 573
Other non-cash items (547) (2,524) (683)
Changes in assets and liabilities, net of effects of acquisitions and divestures:      
Accounts receivable (10,078) (13,522) 46,421
Inventories (14,860) (4,547) 1,471
Prepaid expenses and other current assets (76) 1,845 (2,296)
Other assets (1,369) (523) (1,905)
Accounts payable 15,374 6,568 (12,838)
Accrued expenses (1,302) (8,759) 602
Unearned revenue (1,823) 2,308 (7,924)
Other liabilities (10,885) (3,933) (17,592)
Net cash provided by operating activities 24,956 36,579 57,868
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital expenditures (10,216) (13,539) (11,880)
Patents and other intangibles (29) (318) (498)
Distribution received from life insurance policies 0 0 20,443
Proceeds from sale of assets 1,889 678 1,734
Proceeds from sale of business, net of cash sold 240 873 0
Proceeds from insurance recovery 583 726 0
Proceeds (payment) from sale of discontinued operations 0 0 (225)
Net proceeds (premiums) on life insurance policies 3,677 1,357 (1,723)
Net cash provided by (used in) investing activities (3,856) (10,223) 7,851
CASH FLOWS FROM FINANCING ACTIVITIES:      
Repayment of long-term debt (131,000) (226,000) (102,000)
Proceeds from long-term debt 116,000 155,000 56,000
Proceeds from issuance of common shares 0 60,000 0
Transaction costs on equity distribution program (411) (861) 0
Debt issuance costs (2,206) 0 (1,536)
Dividends paid (1,853) (1,834) (12,446)
Repurchase of common shares (3,903) (8,256) (2,793)
Other financing activities (2) (508) (230)
Net cash used in financing activities (23,375) (22,459) (63,005)
NET CHANGE IN CASH AND CASH EQUIVALENTS (2,275) 3,897 2,714
CASH AND CASH EQUIVALENTS, beginning of year 17,703 13,806 11,092
CASH AND CASH EQUIVALENTS, end of year 15,428 17,703 13,806
Supplemental disclosures of cash flow information:      
Cash payments for interest 9,300 10,477 11,669
Cash payments for income taxes 14,078 9,066 21,325
Non-cash investing and financing activities:      
Capital expenditures incurred but not paid for as of the end of the year $ 1,157 $ 1,361 $ 1,064