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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net earnings $ 59,469 $ 51,761
Adjustments to reconcile net earnings to net cash used for operating activities    
Depreciation and amortization 28,595 28,142
Gain on sale/disposal of long-lived assets (349) (387)
Deferred income taxes 3,629 2,809
Share-based compensation 3,327 3,340
Inventory Write-down 0 1,205
Change in operating assets and liabilities, net of businesses acquired and divested:    
Accounts receivable, net (27,593) (1,614)
Inventories, net (18,059) (24,099)
Progress payments (1,114) (1,906)
Accounts payable and accrued expenses (71,528) (98,179)
Deferred revenue (14,836) (23,298)
Income taxes payable 16,247 22,783
Net pension and postretirement liabilities 1,182 (149,468)
Other current and long-term assets and liabilities (5,573) (3,665)
Net cash used for operating activities (26,603) (192,576)
Cash flows from investing activities:    
Proceeds from sale/disposal of long-lived assets 1,022 2,006
Additions to property, plant, and equipment (8,537) (18,637)
Acquisition of business, net of cash acquired 0 51,043
Additional consideration paid on prior year acquisitions 5,340 0
Net cash used for investing activities (12,855) (67,674)
Cash flows from financing activities:    
Borrowings under revolving credit facility 65,301 188,724
Payment of revolving credit facility 65,301 42,297
Repurchases of common stock (11,797) (112,013)
Proceeds from share-based compensation 4,919 5,066
Proceeds from (Payments for) Other Financing Activities (229) (212)
Net cash provided by (used for) financing activities (7,107) 39,268
Effect of exchange-rate changes on cash (4,614) (12,294)
Net decrease in cash and cash equivalents (51,179) (233,276)
Cash and cash equivalents at beginning of period 198,248 391,033
Cash and cash equivalents at end of period $ 147,069 $ 157,757