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Condensed Consolidated Statements of Cash Flows - Unaudited - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 3,808 $ 11,419
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 6,532 5,924
Pension and other post-retirement plan expense 673 251
Stock-based compensation 228 1,214
Restructuring Impairment charges 0 854
Deferred income taxes 333 1,063
(Gain) on sales of fixed assets 0 (40)
Impairment of fixed assets 1,016 0
(Gain) loss on foreign currency hedges, net of cash (23) 53
Changes in assets and liabilities, net of acquisition:    
Accounts receivable 6,176 (2,682)
Inventories (4,005) 1,053
Operating lease assets 473 2,372
Other assets 799 (1,687)
Accounts payable 1,252 1,275
Accrued payroll and benefits (237) (5,250)
Accrued liabilities (5,364) (4,014)
Income taxes payable 730 (535)
Operating lease liabilities 542 2,439
Accrued expenses and other liabilities 7 675
Pension and other post-retirement plans (67) (47)
Net cash provided by operating activities 11,927 9,593
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (4,570) (5,325)
Proceeds from sale of assets 0 51
Net cash used in investing activities (4,570) (5,274)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments of long-term debt (764,550) (159,100)
Proceeds from borrowings of long-term debt 816,050 159,100
Purchase of treasury stock (5,304) (849)
Dividends paid (1,299) (1,310)
Taxes paid on behalf of equity award participants (1,903) (2,637)
Net cash provided by (used) in financing activities 42,994 (4,796)
Effect of exchange rate changes on cash and cash equivalents 363 252
Net increase (decrease) in cash and cash equivalents 50,714 (225)
Cash and cash equivalents at beginning of period 100,241 100,933
Cash and cash equivalents at end of period 150,955 100,708
Supplemental cash flow information:    
Cash paid for interest 678 281
Cash paid for income taxes, net 1,183 2,122
Capital expenditures incurred but not yet paid $ 1,843 $ 3,734