XML 39 R9.htm IDEA: XBRL DOCUMENT v3.20.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities      
Net income (loss) $ (376,952) $ 23,523 $ 49,395
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation and amortization 56,565 58,964 56,842
Deferred income taxes 15,097 (10,398) 5,350
(Income) loss from discontinued operations 1,847 81 (1,481)
Restructuring charges 13,440 8,380 1,587
Legal settlement   8,500  
Impairment charges (recoveries) 203,076 5,346 (35)
(Gains) losses on dispositions of property and other assets (14,935) (1,475) 473
Share-based compensation expense 2,653 7,190 4,870
Multi-employer pension plan withdrawal 462 15,693  
Other non-cash items, net 8,056 3,791 4,306
Change in operating assets and liabilities (excluding the impact of acquisitions):      
Receivables 106,082 (16,959) (6,200)
Inventories 8,644 (328) (1,573)
Current contract costs 16,279 (6,333) (4,976)
Accounts payable (88,251) 9,726 (1,645)
Restructuring liabilities (7,427) (6,047) (1,716)
Accrued compensation (26,375) 6,853 (12,818)
Contract liabilities (31,585) 16,796 3,677
Income taxes payable 770 195 (7,696)
Other assets and liabilities, net 32,306 (15,359) 2,235
Net cash (used in) provided by operating activities (80,248) 108,139 90,595
Cash flows from investing activities      
Capital expenditures (53,567) (76,147) (83,345)
Cash surrender value of life insurance policies 24,767    
Cash paid for acquisitions, net   (90,992) (4,628)
Proceeds from dispositions of property and other assets 22,027 1,583 925
Net cash used in investing activities (6,773) (165,556) (87,048)
Cash flows from financing activities      
Proceeds from borrowings 225,422 200,473 146,580
Payments on debt and finance lease obligations (275,327) (115,708) (128,211)
Dividends paid on common stock (4,064) (8,094) (8,154)
Distributions to noncontrolling interest (1,526) (407)  
Payments of debt issuance costs (1,585) (39) (1,823)
Payment of payroll taxes on stock-based compensation through shares withheld or repurchased (1,688) (3,046) (1,209)
Common stock purchased for treasury (2,785)   (17,174)
Proceeds from issuance of Convertible Series A Preferred Stock, net of issuance costs 125,763    
Proceeds from exercise of stock options 2,077 293 84
Net cash provided by (used in) financing activities 66,287 73,472 (9,907)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 701 1,050 (2,470)
Net change in cash, cash equivalents, and restricted cash (20,033) 17,105 (8,830)
Cash, cash equivalents, and restricted cash, beginning of year 62,004 44,899 53,729
Cash, cash equivalents, and restricted cash, end of year $ 41,971 $ 62,004 $ 44,899