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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 $ 84,303 $ 99,009
Adjustments to arrive at net cash provided by operating activities:    
Depreciation and amortization 36,831 41,706
Share-based compensation expense (income) 4,017 (816)
Net gain on assets (254) (1,224)
Net loss on divestitures and other charges 5,821 0
Deferred income taxes (9,001) (2,303)
Changes in operating assets and liabilities:    
Trade accounts receivable (7,962) 6,355
Inventories 17,433 14,493
Prepaid expenses and other assets (4,726) (5,053)
Accounts payable and other accrued expenses 9,018 (19,565)
Accrued salaries, wages and withholdings from employees 7,410 (1,647)
Income taxes (3,899) (5,294)
Other liabilities 3,936 1,920
Net cash provided by operating activities 142,927 127,581
Cash flows from investing activities:    
Acquisition of property, plant, and equipment (34,009) (26,073)
Proceeds from sale of assets 1,022 2,033
Proceeds from divesture of businesses 12,228 0
Other investing activities 4,955 4,280
Net cash used in investing activities (15,804) (19,760)
Cash flows from financing activities:    
Proceeds from additional borrowings 33,164 35,126
Debt payments (101,061) (90,966)
Dividends paid (49,537) (45,688)
Other financing activities (415) (1,027)
Net cash used in financing activities (117,849) (102,555)
Effect of exchange rate changes on cash and cash equivalents (3,527) (2,745)
Net increase in cash and cash equivalents 5,747 2,521
Cash and cash equivalents at beginning of period 21,153 31,901
Cash and cash equivalents at end of period $ 26,900 $ 34,422