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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 45,212 $ 44,635
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 21,425 21,727
Non-cash inventory charges   3,342
Pension and other post-retirement plan expense 102 (1,866)
Stock-based compensation 4,641 5,807
Asset impairment charges 1,324  
Deferred income taxes (1,338) 661
Loss (gain) on foreign currency hedges, net of cash 326 (123)
Changes in assets and liabilities, net of acquisitions:    
Accounts receivable 197 (13,560)
Inventories (3,972) (10,386)
Operating lease assets (4,843) 1,338
Other assets (1,089) 2,249
Accounts payable (1,826) 11,393
Accrued payroll and benefits (7,342) (2,029)
Operating lease liabilities 4,769 (1,492)
Accrued expenses and other liabilities (750) 503
Pension and other post-retirement plans (94) 33,540
Net cash provided by operating activities 56,742 95,739
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (11,236) (9,260)
Payments for acquisitions, net of cash acquired (3,359) (96,528)
Net cash used in investing activities (14,595) (105,788)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments of long-term debt (593,307) (517,939)
Proceeds from borrowings of long-term debt 586,301 553,417
Purchase of treasury stock (25,890) (13,446)
Dividends paid (3,792) (3,855)
Payments of contingent consideration   (1,050)
Taxes paid on behalf of equity award participants (3,249) (1,504)
Net cash (used in) provided by financing activities (39,937) 15,623
Effect of exchange rate changes on cash and cash equivalents 992 869
Net increase in cash and cash equivalents 3,202 6,443
Cash and cash equivalents at beginning of period 156,910 141,465
Cash and cash equivalents at end of period 160,112 147,908
Supplemental cash flow information:    
Cash paid for interest 2,350 1,519
Cash paid for income taxes, net 15,129 12,607
Capital expenditures incurred but not paid $ 1,687 $ 1,925