XML 20 R6.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
Operating activities:      
Net income $ 63,375 $ 158,350 $ 166,186
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 87,656 99,059 94,238
(Gain) loss on disposition of property, plant and equipment (94) 236 71
Stock compensation expense 10,300 13,306 12,158
Loss on sale 6,677 0 0
Non-cash impairment charge related to divestiture 0 5,600 0
Changes in assets and liabilities, net of the effects of acquisitions and divestitures:      
Accounts receivable 107,381 29,212 (10,960)
Inventories 2,147 11,482 (12,369)
Prepaid expenses and other current assets (5,721) (10,640) (2,890)
Accounts payable (9,968) (22,546) 12,489
Accrued liabilities (37,430) 2,336 (580)
Deferred income taxes (5,867) (12,025) (18,876)
Long-term retirement benefits (1,418) (16,233) 1,632
Long-term tax liability (6,949) (6,949) (6,809)
Other 5,373 (2,887) 2,909
Net cash provided by operating activities 215,462 248,301 237,199
Investing activities:      
Proceeds from disposition of property, plant and equipment 449 577 1,374
Proceeds from the sale of businesses, net of cash sold   0  
Capital expenditures (40,698) (53,286) (57,273)
Business acquisitions, net of cash acquired 0 (6,061) (430,487)
Revenue Sharing Program payments 0 0 (5,800)
Other 0 (3,450) (1,000)
Net cash used in investing activities (4,187) (62,220) (493,186)
Financing activities:      
Net change in other borrowings (5,855) 5,490 (5,145)
Payments on long-term debt (266,424) (341,419) (433,904)
Proceeds from the issuance of long-term debt 98,107 236,552 841,036
Proceeds from the issuance of common stock 1,989 5,492 1,131
Common stock repurchases (15,550) (50,347) (138,275)
Dividends paid (32,402) (32,544) (32,206)
Withholding taxes paid on stock issuances (3,368) (6,059) (5,395)
Other 3,837 (9,158) (11,678)
Net cash (used) provided by financing activities (219,666) (191,993) 215,564
Effect of exchange rate changes on cash flows 6,054 (1,002) (4,148)
Decrease in cash, cash equivalents and restricted cash (2,337) (6,914) (44,571)
Cash, cash equivalents and restricted cash at beginning of year 93,805 100,719 145,290
Cash, cash equivalents and restricted cash at end of year 91,468 93,805 100,719
Cash and cash equivalents 79,145 93,805 100,719
Prepaid expenses and other current assets      
Financing activities:      
Restricted cash (4,944) 0 0
Other assets      
Financing activities:      
Restricted cash $ (7,379) $ 0 $ 0