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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating Activities:      
Net income $ 108,133 $ 49,990 $ 47,319
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 43,284 71,425 49,162
Equity compensation expense 16,994 13,532 12,305
Deferred income taxes (3,195) (13,406) (17,549)
Equity in undistributed income of unconsolidated joint ventures (7,032) (4,877) (5,319)
Dividends received from unconsolidated joint ventures 4,965 7,075 5,375
Pension settlement charges 534 (63) 53,213
Pension and other postretirement benefits (471) (160) (943)
Asbestos-related provision (benefit) (220) (682) 1,720
(Gain) loss on sale or disposal of property, plant and equipment (880) 41 756
Impairment charges 455 639 1,537
UTIS fire fixed asset and inventory write-offs 1,947 0 0
Provision (benefit) for credit losses (279) 223 437
Changes in assets and liabilities:      
Accounts receivable (26,197) (8,934) 20,677
Proceeds from insurance/government subsidies related to operations 400 0 0
Contract assets (10,035) (4,120) 273
Inventories (34,413) 34,687 (1,200)
Pension and postretirement benefit contributions (160) (253) (103)
Other current assets 1,723 (217) (1,519)
Accounts payable and other accrued expenses 36,688 10,084 (9,139)
Other, net (7,878) 10,072 4,321
Net cash provided by operating activities 124,363 165,056 161,323
Investing Activities:      
Acquisition of business, net of cash received (168,204) 0 0
Capital expenditures (71,125) (40,385) (51,597)
Proceeds from the sale of property, plant and equipment, net 714 0 9
Return of capital from unconsolidated joint ventures 0 0 2,625
Net cash used in investing activities (238,615) (40,385) (48,963)
Financing Activities:      
Proceeds from borrowings under revolving credit facility 190,000 150,000 0
Line of credit issuance costs 0 (1,862) 0
Repayment of debt principal and finance lease obligations (29,624) (248,330) (105,886)
Payments of taxes related to net share settlement of equity awards (2,881) (5,357) (7,550)
Proceeds from the exercise of stock options, net 0 0 344
Proceeds from issuance of shares to employee stock purchase plan 1,562 1,360 1,249
Net cash (used in) provided by financing activities 159,057 (104,189) (111,843)
Effect of exchange rate fluctuations on cash (4,294) 4,454 (1,406)
Net increase (decrease) in cash and cash equivalents 40,511 24,936 (889)
Cash and cash equivalents at beginning of period 191,785 166,849 167,738
Cash and cash equivalents at end of period 232,296 191,785 166,849
Supplemental Disclosures:      
Accrued capital additions 10,903 715 3,420
Interest, net of amounts capitalized 2,402 7,251 7,762
Income taxes $ 33,788 $ 29,983 $ 17,593