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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
Cash flows from operating activities:      
Net earnings $ 31,668 $ 20,773  
Adjustments to arrive at net cash provided by operating activities:      
Depreciation and amortization 12,799 12,404  
Share-based compensation expense 2,113 1,177  
Net loss on assets 161 14  
Loss on divestitures and other charges 1,238 10,558  
Deferred income taxes 4,257 4,077  
Changes in operating assets and liabilities:      
Trade accounts receivable (27,237) (41,684)  
Inventories 27,621 29,058  
Prepaid expenses and other assets (13,239) (6,048)  
Accounts payable and other accrued expenses (6,242) 2,773  
Accrued salaries, wages, and withholdings from employees (10,872) 1,611  
Income taxes 5,742 1,662  
Other liabilities 955 553  
Net cash provided by operating activities 28,964 36,928  
Cash Flows from Investing Activities:      
Acquisition of property, plant, and equipment (14,244) (9,411)  
Proceeds from sale of assets 69 6  
Proceeds from divesture of businesses 4,059 0  
Other investing activities 286 4,505  
Net cash used in investing activities (9,830) (4,900)  
Cash flows from financing activities:      
Proceeds from additional borrowings 21,530 9,669  
Debt payments (8,999) (11,104)  
Purchase of treasury stock (11,665) 0  
Dividends paid (16,535) (16,500)  
Other financing activities (228) (249)  
Net cash used in financing activities (15,897) (18,184)  
Effect of exchange rate changes on cash and cash equivalents (7) (11,912)  
Net increase in cash and cash equivalents 3,230 1,932  
Cash and cash equivalents at beginning of period 24,770 21,153 $ 21,153
Cash and cash equivalents at end of period $ 28,000 $ 23,085 $ 24,770