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Consolidated Statement of Cash Flows Statement - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash Flows from Operating Activities:    
Net Income (loss) $ (103,450) $ 60,220
Income from discontinued operations, net of tax 0 11,710
Income (loss) from continuing operations (103,450) 48,510
Adjustments to reconcile income (loss) to net cash provided by operating activities, net of acquisition impact:    
Impairment of goodwill and indefinite-lived intangible assets 134,600 0
Loss on dispositions of assets 1,080 60
Depreciation 21,700 18,330
Amortization of intangible assets 15,460 14,030
Amortization of debt issue costs 860 850
Deferred income taxes (17,790) 5,530
Non-cash compensation expense 5,610 4,130
Non-cash asbestos-related expense for change in liability estimate 23,400 0
Increase in receivables (6,210) (8,380)
Decrease in inventories 4,510 (560)
Decrease in prepaid expenses and other assets 5,500 4,780
Increase (decrease) in accounts payable and accrued liabilities (7,410) (26,760)
Other operating activities 1,250 90
Net cash provided by operating activities of continuing operations 79,110 60,610
Net cash used for operating activities of discontinued operations 0 3,490
Net cash provided by operating activities, net of acquisition impact 79,110 64,100
Cash Flows from Investing Activities:    
Capital expenditures (17,670) (22,000)
Acquisition of businesses, net of cash acquired (95,160) (67,090)
Net proceeds from disposition of business, property and equipment 1,930 10
Net cash used for investing activities of continuing operations (110,900) (89,080)
Net cash used for investing activities of discontinued operations 0 (1,350)
Net cash used for investing activities (110,900) (90,430)
Cash Flows from Financing Activities:    
Proceeds from borrowings on revolving credit facilities 300,950 145,540
Repayments of borrowings on revolving credit facilities (303,240) (145,090)
Shares surrendered upon exercise and vesting of equity awards to cover taxes (2,600) (3,240)
Payments to purchase common stock (36,050) (21,090)
Net cash used for financing activities of continuing operations (40,940) (23,880)
Net cash provided by financing activities of discontinued operations 0 0
Net cash used for financing activities (40,940) (23,880)
Decrease for the period (72,730) (50,210)
At beginning of period 172,470 108,150
At end of period 99,740  
Supplemental disclosure of cash flow information:    
Cash paid for interest 7,490 6,570
Cash paid for taxes $ 6,660 $ 15,690