XML 30 R7.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:      
Income (loss) from continuing operations $ (97,073) $ 94,284 $ 79,847
Income (loss) from discontinued operations (424) 7,833 (58)
Net income (loss) (97,497) 102,117 79,789
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Stock-based compensation 7,394 20,879 34,194
Depreciation and amortization 20,867 22,605 23,087
Impairments, inventory write-down and other charges 132,579    
Changes in value of life insurance policies (894) (2,899) (874)
Deferred income taxes (12,216) (36,345) 1,832
Realization of pension obligation 188 (112) 2,257
Net provision for credit losses 1,618 754 692
Gain on sale of business   (1,154)  
(Gain) loss on sale of discontinued operations 573 (8,411)  
Other non-cash items (683) (200) (159)
Changes in assets and liabilities, net of effects of acquisitions:      
Accounts receivable 46,421 (3,191) 2,265
Inventories 1,471 (3,892) (10,403)
Prepaid expenses and other current assets (2,296) 3,561 (9,048)
Other assets (1,905) (46) 6,264
Accounts payable (12,838) (3,757) (1,752)
Accrued expenses 602 8,067 (6,903)
Unearned revenue (7,924) (5,513) 1,825
Other liabilities (17,592) (2,936) (11,239)
Net cash provided by operating activities 57,868 89,527 111,827
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital expenditures (11,880) (22,269) (21,741)
Patents and other intangibles (498) (180) (1,190)
Acquisitions, net of cash acquired     (47,314)
Distribution received from life insurance policies 20,443    
Proceeds from sale of assets 1,734 887 882
Proceeds from sale of business   2,980  
Proceeds (payment) from sale of discontinued operations (225) 14,789  
Premiums on life insurance policies (1,723) (1,884) (1,276)
Net cash provided by (used in) investing activities 7,851 (5,677) (70,639)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Repayment of long-term debt (102,000) (123,000) (114,000)
Proceeds from long-term debt 56,000 138,000 178,000
Debt financing costs (1,536)   (1,760)
Dividends paid (12,446) (97,574) (97,251)
Repurchase of common shares (2,793) (3,308) (7,451)
Other financing activities (230) 8 (10)
Net cash used in financing activities (63,005) (85,874) (42,472)
NET CHANGE IN CASH AND CASH EQUIVALENTS 2,714 (2,024) (1,284)
CASH AND CASH EQUIVALENTS, beginning of year 11,092 13,116 14,400
CASH AND CASH EQUIVALENTS, end of year 13,806 11,092 13,116
Supplemental disclosures of cash flow information:      
Cash payments for interest 11,669 13,631 11,499
Cash payments for income taxes 21,325 13,804 31,928
Non-cash investing and financing activities:      
Capital expenditures incurred but not paid for as of the end of the year $ 1,064 $ 222 $ 628