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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net earnings $ 75,718 $ 57,604
Adjustments to arrive at net cash provided by operating activities:    
Depreciation and amortization 26,180 25,817
Share-based compensation expense 8,691 4,188
Net (gain) loss on assets (38) 206
Loss on divestitures and other charges 0 13,511
Deferred income taxes 12,244 1,702
Changes in operating assets and liabilities:    
Trade accounts receivable (41,592) (26,902)
Inventories (51,768) 19,357
Prepaid expenses and other assets (25,919) (15,573)
Accounts payable and other accrued expenses 20,501 9,632
Accrued salaries, wages, and withholdings from employees (4,188) (3,944)
Income taxes 2,765 1,953
Other liabilities 199 1,710
Net cash provided by operating activities 22,793 89,261
Cash Flows from Investing Activities:    
Acquisition of property, plant, and equipment (32,468) (25,550)
Proceeds from sale of assets 92 169
Proceeds from divestiture of businesses 0 36,255
Other investing activities 1,571 (254)
Net cash (used in) provided by investing activities (30,805) 10,620
Cash flows from financing activities:    
Proceeds from additional borrowings 69,424 25,997
Debt payments (31,547) (62,578)
Purchase of treasury stock 0 (22,507)
Dividends paid (34,446) (33,027)
Other financing activities (2,056) (582)
Net cash provided by (used in) financing activities 1,375 (92,697)
Effect of exchange rate changes on cash and cash equivalents 6,168 1,352
Net (decrease) increase in cash and cash equivalents (469) 8,536
Cash and cash equivalents at beginning of period 25,740 24,770
Cash and cash equivalents at end of period $ 25,271 $ 33,306