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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net earnings $ 67,684 $ 75,718
Adjustments to arrive at net cash provided by operating activities:    
Depreciation and amortization 28,590 26,180
Share-based compensation expense 4,766 8,691
Net loss (gain) on assets 81 (38)
Deferred income taxes (2,643) 12,244
Changes in operating assets and liabilities:    
Trade accounts receivable 6,062 (41,592)
Inventories (16,927) (51,768)
Prepaid expenses and other assets 3,534 (25,919)
Accounts payable and other accrued expenses (18,329) 20,501
Accrued salaries, wages, and withholdings from employees (19,713) (4,188)
Income taxes (1,998) 2,765
Other liabilities 595 199
Net cash provided by operating activities 51,702 22,793
Cash Flows from Investing Activities:    
Acquisition of property, plant, and equipment (45,137) (32,468)
Proceeds from sale of assets 53 92
Other investing activities 2,054 1,571
Net cash used in investing activities (43,030) (30,805)
Cash flows from financing activities:    
Proceeds from additional borrowings 187,037 69,424
Debt payments (143,923) (31,547)
Dividends paid (34,577) (34,446)
Other financing activities (8,003) (2,056)
Net cash provided by financing activities 534 1,375
Effect of exchange rate changes on cash and cash equivalents 6,419 6,168
Net increase (decrease) in cash and cash equivalents 15,625 (469)
Cash and cash equivalents at beginning of period 20,921 25,740
Cash and cash equivalents at end of period $ 36,546 $ 25,271