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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating Activities:      
Net income $ 116,629 $ 108,133 $ 49,990
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 45,879 43,284 71,425
Equity compensation expense 11,796 16,994 13,532
Deferred income taxes (20,556) (3,195) (13,406)
Equity in undistributed income of unconsolidated joint ventures (4,437) (7,032) (4,877)
Dividends received from unconsolidated joint ventures 4,677 4,965 7,075
Pension settlement charges 0 534 (63)
Pension and other postretirement benefits 21 (471) (160)
Asbestos-related provision (benefit) 30 (220) (682)
Loss (gain) on sale or disposal of property, plant and equipment 460 (880) 41
Impairment charges 65,085 455 639
UTIS fire fixed asset and inventory write-offs 200 1,947 0
Provision (benefit) for credit losses 208 (279) 223
Changes in assets and liabilities:      
Accounts receivable (32,251) (26,197) (8,934)
Proceeds from insurance/government subsidies related to operations 1,153 400 0
Contract assets (3,895) (10,035) (4,120)
Inventories (51,610) (34,413) 34,687
Pension and postretirement benefit contributions (94) (160) (253)
Other current assets (6,295) 1,723 (217)
Accounts payable and other accrued expenses (8,700) 36,688 10,084
Other, net 11,161 (7,878) 10,072
Net cash provided by operating activities 129,461 124,363 165,056
Investing Activities:      
Acquisition of business, net of cash received (3,581) (168,204) 0
Capital expenditures (116,788) (71,125) (40,385)
Proceeds from the sale of property, plant and equipment, net 714 0
Proceeds from insurance claims 7,252 0 0
Net cash used in investing activities (113,117) (238,615) (40,385)
Financing Activities:      
Proceeds from borrowings under revolving credit facility 100,000 190,000 150,000
Line of credit issuance costs 0 0 (1,862)
Repayment of debt principal and finance lease obligations (75,271) (29,624) (248,330)
Payments of taxes related to net share settlement of equity awards (10,783) (2,881) (5,357)
Proceeds from issuance of shares to employee stock purchase plan 950 1,562 1,360
Share repurchases (25,000) 0 0
Net cash (used in) provided by financing activities (10,104) 159,057 (104,189)
Effect of exchange rate fluctuations on cash (2,686) (4,294) 4,454
Net increase (decrease) in cash and cash equivalents 3,554 40,511 24,936
Cash and cash equivalents at beginning of period 232,296 191,785 166,849
Cash and cash equivalents at end of period 235,850 232,296 191,785
Supplemental Disclosures:      
Accrued capital additions 6,675 10,903 715
Cash paid during the year for:      
Interest, net of amounts capitalized 9,701 2,402 7,251
Income taxes $ 60,772 $ 33,788 $ 29,983