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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net income $ 23,351 $ 6,360
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation 26,335 28,400
Amortization 6,628 8,539
Provision for doubtful accounts 40 2,160
Deferred income taxes (2,110) (4,079)
Asset impairments 4,358 6,950
(Gain) loss on the sale of property, plant and equipment 164 (114)
Stock-based compensation expense 10,856 9,464
Changes in operating assets and liabilities    
Accounts receivable (2,342) 16,410
Contract assets (17,415) (335)
Inventories (151,518) (37,131)
Prepaid expenses and other assets (9,470) 1,675
Accounts payable 114,477 (18,260)
Advance payments from customers 7,341 21,074
Accrued liabilities (9,087) (13,498)
Operating leases (196) 942
Income taxes (2,720) (2,942)
Net cash provided by (used in) operations (1,308) 25,615
Cash flows from investing activities:    
Additions to property, plant and equipment (29,497) (26,108)
Proceeds from the sale of property, plant and equipment 222 314
Additions to purchased software (2,940) (2,994)
Cash received from business divestitures 0 2,214
Other 72 58
Net cash used in investing activities (32,143) (26,516)
Cash flows from financing activities:    
Proceeds from stock options exercised 346 371
Employee taxes paid for with shares withheld (3,152) (1,913)
Dividends paid (17,448) (17,205)
Borrowings under credit agreement 30,000 110,000
Principal payments on credit agreement (35,625) (100,625)
Principal payments on finance leases (833) (980)
Share repurchases (40,216) (19,329)
Net cash provided by financing activities (66,928) (29,681)
Effect of exchange rate changes (4,414) 1,436
Net decrease in cash and cash equivalents and restricted cash (104,793) (29,146)
Cash and cash equivalents and restricted cash at beginning of year 395,990 363,956
Cash and cash equivalents and restricted cash at end of period $ 291,197 $ 334,810