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Consolidated Statement of Cash Flows Statement - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash Flows from Operating Activities:    
Net Income (loss) $ (2,580) $ 41,110
Income from discontinued operations, net of tax 0 7,840
Income (loss) from continuing operations (2,580) 33,270
Adjustments to reconcile income (loss) to net cash provided by operating activities, net of acquisition impact:    
Loss on dispositions of assets 1,010 30
Depreciation 14,770 11,990
Amortization of intangible assets 10,150 9,380
Amortization of debt issue costs 570 560
Deferred income taxes (1,460) 4,130
Non-cash compensation expense 4,680 3,040
Non-cash asbestos-related expense for change in liability estimate 23,400 0
Increase in receivables (12,300) (5,720)
Decrease in inventories 5,260 380
Decrease in prepaid expenses and other assets 290 1,430
Increase (decrease) in accounts payable and accrued liabilities (14,530) (24,410)
Other operating activities 1,580 (1,310)
Net cash provided by operating activities of continuing operations 30,840 32,770
Net cash used for operating activities of discontinued operations 0 (3,490)
Net cash provided by operating activities, net of acquisition impact 30,840 29,280
Cash Flows from Investing Activities:    
Capital expenditures (9,250) (11,500)
Acquisition of businesses, net of cash acquired (95,160) (67,030)
Net proceeds from disposition of business, property and equipment 2,110 0
Net cash used for investing activities of continuing operations (102,300) (78,530)
Net cash used for investing activities of discontinued operations 0 (780)
Net cash used for investing activities (102,300) (79,310)
Cash Flows from Financing Activities:    
Proceeds from borrowings on revolving credit facilities 245,700 93,220
Repayments of borrowings on revolving credit facilities (247,320) (92,410)
Shares surrendered upon exercise and vesting of equity awards to cover taxes (2,570) (3,230)
Payments to purchase common stock (31,570) (15,420)
Net cash used for financing activities of continuing operations (35,760) (17,840)
Net cash provided by financing activities of discontinued operations 0 0
Net cash used for financing activities (35,760) (17,840)
Decrease for the period (107,220) (67,870)
At beginning of period 172,470 108,150
At end of period 65,250  
Supplemental disclosure of cash flow information:    
Cash paid for interest 7,150 6,190
Cash paid for taxes $ 3,410 $ 10,160