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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income $ 67,069 $ 11,823
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation and amortization 117,229 120,387
Loss on disposal group held for sale 22,924 0
Stock-based compensation 9,799 12,356
Provision for inventory obsolescence and write-downs 6,926 6,200
Loss on debt extinguishment 4,043 3,305
Deferred income taxes (34,386) (1,757)
(Gain) loss on disposal of fixed assets (6,284) 3,176
Provision (recovery) for bad debt (732) 86
Amortization of deferred loan costs and accretion of discount 1,766 1,628
Employee benefit plan expense 1,303 1,250
Other 234 167
Changes in operating assets and liabilities (net of effects of foreign exchange):    
Receivables (42,456) (18,706)
Inventories (81,935) (41,586)
Prepaid expenses and other current assets 16,793 9,215
Accounts payable 21,507 92,997
Accrued compensation and employee benefits (39,774) (2,444)
Accrued expenses and other liabilities (18,302) (46,447)
Leased assets (13,949) (1,609)
Other (660) 1,097
Net cash flows provided by operating activities 31,115 151,138
Cash flows from investing activities:    
Capital expenditures (53,555) (45,680)
Proceeds from sale of fixed assets 14,946 2,482
Acquisitions, net of cash acquired (3,198) 0
Net cash used for investing activities (41,807) (43,198)
Cash flows from financing activities:    
Proceeds from long-term debt 844,838 0
Repayment of long-term debt (869,987) (71,113)
Payment of debt issue costs (8,008) 0
Repurchases of common stock (20,016) 0
Dividends paid (15,465) 0
Payments related to taxes withheld on stock-based compensation (3,378) (1,764)
Proceeds from exercise of stock options 3,145 6,509
Distributions to noncontrolling interest (2,369) (800)
Payment of finance lease obligations (3,123) (2,575)
Net cash used for financing activities (74,363) (69,743)
Effect of exchange rate changes on cash and cash equivalents and restricted cash 659 (623)
Net increase (decrease) in cash and cash equivalents and restricted cash (84,396) 37,574
Cash and cash equivalents and restricted cash at beginning of period 255,178 201,421
Cash and cash equivalents and restricted cash at end of period $ 170,782 $ 238,995