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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash Flows from Operating Activities      
Net income $ 75,629 $ 64,566 $ 65,091
Income (loss) from discontinued operations 1,113 (18,725) 5,163
Income from continuing operations 74,516 83,291 59,928
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 31,966 20,915 17,557
Intangible asset impairment 8,300 0 0
Gain on sale of business 0 (1,881) 0
Stock compensation expense 8,652 8,173 12,570
Exit activity costs, non-cash 1,193 493 408
Provision for deferred income taxes 2,968 3,786 4,120
Other, net 1,570 1,944 5,399
Changes in operating assets and liabilities (excluding the effects of acquisitions):      
Accounts receivable (41,887) 2,277 (11,256)
Inventories (85,763) (5,719) 14,272
Other current assets and other assets (426) 5,467 (9,306)
Accounts payable 38,367 (1,160) 4,804
Accrued expenses and other non-current liabilities (14,384) (44,570) 14,040
Net cash provided by operating activities of continuing operations 25,072 73,016 112,536
Net cash (used in) provided by operating activities of discontinued operations (2,002) 16,088 17,399
Net cash provided by operating activities 23,070 89,104 129,935
Cash Flows from Investing Activities      
Purchases of property, plant, and equipment (17,705) (13,068) (8,776)
Acquisitions, net of cash acquired 4,143 (313,686) (8,595)
Net proceeds from sale of property and equipment 214 77 92
Net proceeds from sale of business 38,062 2,000 0
Net cash provided by (used in) investing activities of continuing operations 24,714 (324,677) (17,279)
Net cash used in investing activities of discontinued operations (176) (2,033) (2,394)
Net cash provided by (used in) investing activities 24,538 (326,710) (19,673)
Cash Flows from Financing Activities      
Long-term debt payments (120,636) 0 (212,000)
Proceeds from long-term debt 59,500 85,000 0
Payment of debt issuance costs 0 0 (1,235)
Purchase of common stock at market prices (6,497) (6,656) (4,305)
Net proceeds from issuance of common stock 1,021 1,119 490
Net cash (used in) provided by financing activities (66,612) 79,463 (217,050)
Effect of exchange rate changes on cash (201) (1,166) 1,145
Net decrease in cash and cash equivalents (19,205) (159,309) (105,643)
Cash and cash equivalents at beginning of year 32,054 191,363 297,006
Cash and cash equivalents at end of year $ 12,849 $ 32,054 $ 191,363