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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net income $ 30,119 $ 28,163
Adjustments to reconcile net income to net cash flows from operating activities:    
Depreciation and amortization 12,078 9,574
Non-cash lease expense 4,181 3,068
Share-based compensation 3,985 4,190
Deferred income taxes 1,268 90
(Gain)/Loss on disposals of plant and equipment 620 212
Foreign exchange (income)/expense 585 57
Changes in assets and liabilities, net of acquisitions:    
Receivables (34,119) (24,196)
Inventory (74,690) (14,327)
Accounts payable and accrued expenses (2,753) (298)
Operating leases (4,181) (3,068)
Income taxes 2,654 3,220
Employee benefit plans 343 118
Other, net (1,401) (1,421)
Net cash flows from operating activities (61,311) 5,382
Cash flows from investing activities:    
Additions to property, plant, and equipment (9,456) (6,744)
Proceeds from sale of property, plant, and equipment 0 0
Cash paid for acquisitions, net of cash acquired 553 70
Other, net 0 3
Net cash flows from investing activities (8,903) (6,671)
Cash flows from financing activities:    
Proceeds from issuance of debt 198,556 693
Repayment of debt (101,705) (1,150)
Proceeds from issuance of common stock 343 5,083
Purchases of common stock (19,319) (4,849)
Dividends paid (9,130) (8,143)
Net cash flows from financing activities 68,745 (8,366)
Effect of exchange rate changes on cash (486) (2,801)
Net change in cash and equivalents (1,955) (12,456)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 38,581 118,331
Cash paid for income taxes, net of refunds 3,610 2,295
Cash paid for interest 2,330 2,013
Non-cash items:    
Additions to property, plant, and equipment, not yet paid 749 811
Right-of-Use Assets obtained in exchange for new operating lease liabilities $ 1,962 $ 4,615