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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net earnings $ 99,227 $ 111,766
Adjustments to arrive at net cash provided by operating activities:    
Depreciation and amortization 43,360 39,262
Share-based compensation expense 7,285 12,476
Net (gain) loss on assets (81) 283
Deferred income taxes 2,082 20,465
Changes in operating assets and liabilities:    
Trade accounts receivable 18,830 (39,520)
Inventories (21,455) (112,021)
Prepaid expenses and other assets 842 (39,598)
Accounts payable and other accrued expenses (20,572) 24,110
Accrued salaries, wages, and withholdings from employees (16,749) 1,819
Income taxes (6,536) (4,342)
Other liabilities 587 198
Net cash provided by operating activities 106,820 14,898
Cash Flows from Investing Activities:    
Acquisition of property, plant, and equipment (67,718) (51,703)
Proceeds from sale of assets 130 94
Acquisition of new business 0 (1,048)
Other investing activities 2,036 947
Net cash used in investing activities (65,552) (51,710)
Cash flows from financing activities:    
Proceeds from additional borrowings 197,577 187,715
Debt payments (174,083) (87,657)
Dividends paid (51,900) (51,681)
Other financing activities (8,034) (2,056)
Net cash (used in) provided by financing activities (36,440) 46,321
Effect of exchange rate changes on cash and cash equivalents 6,236 11,330
Net increase in cash and cash equivalents 11,064 20,839
Cash and cash equivalents at beginning of period 20,921 25,740
Cash and cash equivalents at end of period $ 31,985 $ 46,579