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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities    
Net income $ 35,258 $ 29,541
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of debt issuance costs 353 353
Depreciation and amortization 20,802 20,246
Equity in undistributed earnings of associated companies, net of dividends (1,675) (4,401)
Deferred compensation, deferred taxes and other, net 568 (2,231)
Share-based compensation 3,884 3,527
Restructuring and related charges, net 1,857 3,972
Pension and other postretirement benefits (551) (415)
Decrease in cash from changes in current assets and current liabilities, net of acquisitions:    
Accounts receivable 1,431 (3,974)
Inventories (6,576) (5,792)
Prepaid expenses and other current assets (1,054) (6,765)
Change in restructuring liabilities (3,666) (2,747)
Accounts payable and accrued liabilities (23,400) 6,468
Net cash provided by operating activities 27,231 37,782
Cash flows from investing activities    
Investments in property, plant and equipment (4,460) (6,161)
Payments related to acquisitions, net of cash acquired (24,899) 0
Proceeds from disposition of assets 58 0
Net cash used in investing activities (29,301) (6,161)
Cash flows from financing activities    
Payments of long-term debt (4,711) (4,703)
Borrowings (payments) on revolving credit facilities, net 20,902 (9,776)
Payments on other debt, net 0 (469)
Dividends paid (8,186) (7,809)
Other stock related activity (1,442) (2,109)
Net cash provided by (used in) financing activities 6,563 (24,866)
Effect of foreign exchange rate changes on cash (3,270) 2,154
Net increase in cash and cash equivalents 1,223 8,909
Cash and cash equivalents at the beginning of the period 194,527 180,963
Cash and cash equivalents at the end of the period $ 195,750 $ 189,872