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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating activities      
Net income (loss) $ (79,053) $ (194,208) $ 6,937
Income (loss) from discontinued operations, net of tax 950 91 (216)
Adjustments to reconcile to net cash provided (used) by operating activities:      
Depreciation, depletion and amortization 63,247 66,724 61,421
Amortization of debt issue costs and original issue discount 5,316 1,915 865
Loss on sale of Ober-Schmitten and other non-strategic operation 18,365 0 0
Pension settlement charge 633 0 0
Goodwill and other asset impairment charges 0 190,556 0
Russia/Ukraine conflict charges/(recovery) (1,441) 3,207 0
Deferred income tax benefit (12,176) (24,022) (13,619)
Gains on dispositions of plant, equipment and timberlands, net (1,111) (2,804) (5,069)
Share-based compensation 2,797 831 5,063
Non-cash inventory charge 3,262 0 0
Change in operating assets and liabilities      
Accounts receivable 21,634 (35,294) (14,794)
Inventories 9,605 (44,430) (40,019)
Prepaid and other current assets 165 (3,234) 5,770
Accounts payable (62,686) 16,398 65,828
Accruals and other current liabilities 5,240 (14,342) (4,165)
Other (363) (2,208) 2,975
Net cash provided (used) by operating activities (25,616) (40,820) 70,977
Investing activities      
Expenditures for purchases of plant, equipment and timberlands (33,770) (37,740) (30,037)
Proceeds from disposals of plant, equipment and timberlands, net 1,676 3,199 5,567
Payments related to sale of Ober-Schmitten and other non-strategic operation (5,851) 0 0
Acquisitions, net of cash acquired 0 1,413 (464,856)
Other 844 30 (440)
Net cash used by investing activities (37,101) (33,098) (489,766)
Financing activities      
Proceeds from note offerings 0 0 500,000
Proceeds from term loans 262,273 0 46,849
Repayment of term loans (228,413) (35,287) (26,088)
Net borrowings (repayments) under revolving credit facility (22,884) 103,519 (23,481)
Payments of borrowing costs (11,645) (1,285) (10,132)
Payments of dividends 0 (18,766) (24,458)
Proceeds from government grants 0 0 479
Payments related to share-based compensation awards and other (280) (1,262) (817)
Net cash provided (used) by financing activities (949) 46,919 462,352
Effect of exchange rate changes on cash 1,033 (2,341) (5,418)
Net increase (decrease) in cash, cash equivalents and restricted cash (62,633) (29,340) 38,145
Change in cash and cash equivalents from discontinued operations (1,169) (312) (996)
Cash, cash equivalents and restricted cash at the beginning of period 119,162 148,814 111,665
Cash, cash equivalents and restricted cash at the end of period 55,360 119,162 148,814
Less: restricted cash in Prepaid and other current assets (4,300) (3,600) (2,000)
Less: restricted cash in Other assets (795) (4,902) (8,378)
Cash and cash equivalents at the end of period 50,265 110,660 138,436
Cash paid for:      
Interest, net of amounts capitalized 59,182 33,203 6,957
Income taxes, net $ 9,424 $ 24,445 $ 15,500