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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash Flows from Operating Activities    
Net income available to common stockholders $ 15,456 $ 12,762
Income from discontinued operations 0 2,266
Income from continuing operations 15,456 10,496
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 6,336 7,974
Stock compensation expense 1,352 2,368
Exit activity costs, non-cash 1,198 1,193
Provision for deferred income taxes 17 0
Other, net 1,395 (162)
Changes in operating assets and liabilities, excluding the effects of acquisitions:    
Accounts receivable (11,101) (2,522)
Inventories (20,937) (15,262)
Other current assets and other assets 731 (435)
Accounts payable (11,962) 1,470
Accrued expenses and other non-current liabilities 9,761 (6,334)
Net cash used in operating activities of continuing operations (7,754) (1,214)
Net cash used in operating activities of discontinued operations 0 (2,011)
Net cash used in operating activities (7,754) (3,225)
Cash Flows from Investing Activities    
Purchases of property, plant, and equipment (4,409) (4,389)
Acquisitions, net of cash acquired 0 (2)
Net proceeds from sale of business 0 26,991
Net proceeds from sale of property and equipment 7 0
Net cash (used in) provided by investing activities of continuing operations (4,402) 22,600
Net cash used in investing activities of discontinued operations 0 (176)
Net cash (used in) provided by investing activities (4,402) 22,424
Cash Flows from Financing Activities    
Proceeds from long-term debt 47,500 20,000
Long-term debt payments (29,000) (46,636)
Purchase of common stock at market prices (3,461) (4,662)
Net proceeds from issuance of common stock 0 910
Net cash provided by (used in) financing activities 15,039 (30,388)
Effect of exchange rate changes on cash (159) (134)
Net increase (decrease) in cash and cash equivalents 2,724 (11,323)
Cash and cash equivalents at beginning of year 12,849 32,054
Cash and cash equivalents at end of period $ 15,573 $ 20,731