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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
OPERATING ACTIVITIES      
Net income $ 97,243 $ 133,383 $ 83,019
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 63,328 62,085 68,800
Amortization 9,377 8,710 10,236
Change in deferred taxes and other liabilities 11,101 13,702 8,972
Provision for write-off of property, plant and equipment 1,173 3,119 3,707
Non-cash interest (income)/expense (290) 605 459
Write-off of pension liability adjustments due to settlement/curtailment 411 450 1,494
Compensation and benefits paid or payable in Class A Common Stock 1,505 2,063 2,203
Provision for credit losses from uncollected receivables and contract assets 1,628 309 579
Foreign currency remeasurement (gain)/loss on intercompany loans 14,246 (3,730) (1,611)
Changes in operating assets and liabilities that provided/(used) cash:      
Accounts receivable 31,522 9,278 (19,718)
Contract assets (59,122) (19,199) (10,267)
Inventories (13,685) (8,923) (968)
Prepaid expenses and other current assets (7,811) (2,291) (5,815)
Income taxes prepaid and receivable 113 1,390 (1,402)
Accounts payable (15,586) 10,524 9,340
Accrued liabilities (3,856) (7,393) 8,209
Income taxes payable 5,939 3,979 (824)
Noncurrent receivables 4,158 (1,341) (12,249)
Other noncurrent liabilities (2,437) (6,573) (5,479)
Other, net 1,296 205 (6,200)
Net cash provided by operating activities 140,253 200,352 132,485
INVESTING ACTIVITIES      
Purchase of business, net of cash acquired 0 (30,793) 0
Purchases of property, plant and equipment (41,463) (67,358) (81,579)
Purchased software (927) (597) (1,307)
Net cash used in investing activities (42,390) (98,748) (82,886)
FINANCING ACTIVITIES      
Proceeds from borrowings 75,000 45,000 26,031
Principal payments on debt (101,020) (120,017) (29,913)
Principal payments on finance lease liabilities (7,214) (1,180) 0
Debt acquisition costs (2,432) 0 0
Taxes paid in lieu of share issuance (490) (971) (1,652)
Proceeds from options exercised 55 112 202
Dividends paid (24,568) (23,251) (21,926)
Net cash used in financing activities (60,669) (100,307) (27,258)
Effect of exchange rate changes on cash and cash equivalents 8,582 (3,512) (8,313)
Increase/(decrease) in cash and cash equivalents 45,776 (2,215) 14,028
Cash and cash equivalents at beginning of period 195,540 197,755 183,727
Cash and cash equivalents at end of period $ 241,316 $ 195,540 $ 197,755