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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash Flows from Operating Activities      
Net earnings $ 118,745 $ 109,472 $ 82,047
Adjustments to arrive at net cash provided by operating activities:      
Depreciation and amortization 52,051 49,641 55,015
Share-based compensation expense (income) 9,573 5,608 (739)
Net loss (gain) on assets 331 (252) (1,122)
Loss on divestitures and other charges 14,021 6,904 44,375
Deferred income taxes (6,071) (8,705) (19,340)
Changes in operating assets and liabilities:      
Trade accounts receivable (34,571) (11,357) 10,930
Inventories (36,323) 46,828 25,238
Prepaid expenses and other assets (6,057) (12,868) 3,257
Trade accounts payable and other accrued expenses 21,326 15,524 (18,251)
Accrued salaries, wages, and withholdings from employees 7,321 15,140 (3,039)
Income taxes 4,275 22 (1,836)
Other liabilities 597 2,823 647
Net cash provided by operating activities 145,218 218,780 177,182
Cash Flows from Investing Activities:      
Acquisition of property, plant, and equipment (60,788) (52,162) (39,100)
Proceeds from sale of assets 216 1,075 2,242
Proceeds from divestiture of businesses 37,790 12,595 0
Acquisition of new businesses (13,875) 0 0
Other investing activities 1,097 5,071 (553)
Net cash used in investing activities (35,560) (33,421) (37,411)
Cash Flows from Financing Activities      
Proceeds from additional borrowings 112,194 36,667 47,083
Debt payments (110,168) (154,348) (134,449)
Purchase of treasury stock (42,511) 0 0
Dividends paid (66,694) (66,057) (62,190)
Other financing activities (582) (415) (1,027)
Net cash used in financing activities (107,761) (184,153) (150,583)
Effect of exchange rate changes on cash and cash equivalents (927) 2,411 64
Net increase (decrease) in cash and cash equivalents 970 3,617 (10,748)
Cash and cash equivalents at beginning of year 24,770 21,153 31,901
Cash and cash equivalents at end of year 25,740 24,770 21,153
Cash paid during the year for:      
Interest 12,593 14,751 20,130
Income taxes 29,224 44,755 40,139
Capitalized interest $ 471 $ 514 $ 540