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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 19,738 $ 26,084
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 19,819 18,038
Pension and other post-retirement plan expense 2,023 752
Stock-based compensation 2,164 3,950
Asset impairment charges 1,016 0
Restructuring non-cash charges 300 1,100
Deferred income taxes (627) 466
Gain on sales of fixed assets 0 (111)
(Gain) loss on foreign currency hedges, net of cash (58) 79
Changes in assets and liabilities, net of acquisition:    
Accounts receivable 2,085 385
Inventories 960 1,925
Operating lease assets 917 (2,454)
Other assets 2,446 (3,153)
Accounts payable 1,423 (3,534)
Accrued payroll and benefits 2,928 (3,921)
Income taxes payable (2,454) 2,540
Operating lease liabilities (818) 2,764
Accrued expenses and other liabilities (2,372) (3,962)
Pension and other post-retirement plans (193) (213)
Net cash provided by operating activities 49,297 40,735
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (10,441) (15,299)
Proceeds from sale of assets 0 137
Payments for acquisitions, net of cash acquired 0 (73,588)
Net cash used in investing activities (10,441) (88,750)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments of long-term debt (3,322,550) (995,500)
Proceeds from borrowings of long-term debt 3,329,150 1,058,200
Purchase of treasury stock (8,080) (8,045)
Dividends paid (3,888) (3,934)
Taxes paid on behalf of equity award participants (1,911) (2,653)
Net cash (used) in provided by financing activities (7,279) 48,068
Effect of exchange rate changes on cash and cash equivalents (78) 213
Net increase (decrease) in cash and cash equivalents 31,499 266
Cash and cash equivalents at beginning of period 100,241 100,933
Cash and cash equivalents at end of period 131,740 101,199
Supplemental cash flow information:    
Cash paid for interest 2,124 1,208
Cash paid for income taxes, net 8,295 7,622
Capital expenditures incurred but not yet paid $ 816 $ 3,711