XML 19 R7.htm IDEA: XBRL DOCUMENT v3.21.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities    
Net income $ 40,553 $ 20,400
Adjustments to reconcile net income to net cash provided by operating activities, net of effects of acquisitions    
Depreciation 26,440 22,809
Amortization of intangible assets 4,023 4,221
Share-based compensation expense 6,122 4,693
Deferred income taxes 1,012 17
Investment gain (3,713)  
Other 425 741
Changes in operating assets:    
Change in accounts receivable (12,993) 16,139
Change in inventory 6,490 2,550
Change in other operating assets 2,899 (1,022)
Changes in operating liabilities:    
Change in accounts payable 11,266 (9,160)
Change in accrued liabilities (8,310) (12,105)
Change in income tax payable (4,100) 3,853
Change in other operating liabilities (1,918) 539
Net cash flows provided by operating activities 68,196 53,675
Cash flows from investing activities    
Acquisitions, net of cash received   591
Purchases of property, plant and equipment (17,179) (14,208)
Proceeds from maturity of short-term investments 2,085 3,467
Purchases of short-term investments (4,364) (1,523)
Purchase of equity securities   (6,129)
Other 9,059 244
Net cash and cash equivalents used in investing activities (10,399) (17,558)
Cash flows from financing activities    
Advances on lines of credit and short-term debt 2,820 3,647
Repayments of lines of credit and short-term debt (75,696) (3,498)
Proceeds from long-term debt 215,000 82,331
Repayments of long-term debt (179,361) (98,884)
Net proceeds from issuance of common stock 754  
Repayment of and proceeds from finance lease obligation (141) (223)
Taxes paid related to net share settlement (9,293) (4,467)
Dividend distribution to noncontrolling interests   (108)
Capital contribution from noncontrolling interests 1,003  
Other (499) (195)
Net cash and cash equivalents used in financing activities (45,413) (21,397)
Effect of exchange rate changes on cash and cash equivalents (1,812) (3,315)
Change in cash and cash equivalents, including restricted cash 10,572 11,405
Cash and cash equivalents, beginning of period, including restricted cash 320,529 259,507
Cash and cash equivalents, end of period, including restricted cash 331,101 270,912
Supplemental Cash Flow Information    
Interest paid during the period 2,704 1,068
Taxes paid during the period 12,284 6,091
Non-cash investing and financing activities:    
Accounts payable balance related to the purchase of property, plant and equipment $ 7,960 $ 8,447