XML 17 R6.htm IDEA: XBRL DOCUMENT v3.22.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flows from Operating Activities    
Net income available to common stockholders $ 44,763 $ 38,711
(Loss) income from discontinued operations 0 1,842
Income from continuing operations 44,763 36,869
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 12,677 16,014
Stock compensation expense 4,125 4,935
Exit activity costs, non-cash 1,198 1,193
Provision for (benefit of) deferred income taxes 29 (36)
Other, net 2,666 349
Changes in operating assets and liabilities, excluding the effects of acquisitions:    
Accounts receivable (40,473) (29,150)
Inventories (33,616) (42,686)
Other current assets and other assets (1,612) (611)
Accounts payable (10,501) 35,174
Accrued expenses and other non-current liabilities 21,288 (9,274)
Net cash provided by operating activities of continuing operations 544 12,777
Net cash used in operating activities of discontinued operations 0 (2,002)
Net cash provided by operating activities 544 10,775
Cash Flows from Investing Activities    
Purchases of property, plant, and equipment (11,287) (9,474)
Acquisitions, net of cash acquired 0 (2)
Net proceeds from sale of business 0 39,991
Net proceeds from sale of property and equipment 85 0
Net cash (used in) provided by investing activities of continuing operations (11,202) 30,515
Net cash used in investing activities of discontinued operations 0 (176)
Net cash (used in) provided by investing activities (11,202) 30,339
Cash Flows from Financing Activities    
Proceeds from long-term debt 120,500 31,200
Long-term debt payments (51,000) (83,636)
Purchase of common stock at market prices (53,468) (4,780)
Net proceeds from issuance of common stock 0 924
Net cash provided by (used in) financing activities 16,032 (56,292)
Effect of exchange rate changes on cash (1,074) 87
Net increase (decrease) in cash and cash equivalents 4,300 (15,091)
Cash and cash equivalents at beginning of year 12,849 32,054
Cash and cash equivalents at end of period $ 17,149 $ 16,963