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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating activities:    
Net income (loss) $ (2,089) $ 71,736
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 69,022 68,004
Loss (gain) on disposition of property, plant and equipment 14 (414)
Stock compensation expense 9,547 9,212
Non-cash goodwill impairment charge 68,194 0
Changes in assets and liabilities:    
Accounts receivable (17,923) (15,649)
Inventories (40,428) (5,582)
Prepaid expenses and other current assets (13,310) (7,205)
Accounts payable 10,509 17,827
Accrued liabilities (28,637) (1,051)
Deferred income taxes (4,350) (7,052)
Long-term retirement benefits (660) 2,308
Long-term tax liability (6,948) (6,949)
Other 521 2,605
Net cash provided by operating activities 43,462 127,790
Investing activities:    
Proceeds from disposition of property, plant and equipment 104 1,204
Capital expenditures (21,655) (26,735)
Other (2,168) 2,107
Net cash used by investing activities (23,719) (23,424)
Financing activities:    
Net change in other borrowings (941) (226)
Payments on long-term debt (80,777) (73,081)
Proceeds from the issuance of long-term debt 85,082 25,000
Proceeds from the issuance of common stock 338 464
Common stock repurchases (6,721) (5,229)
Dividends paid (24,282) (24,293)
Withholding taxes paid on stock issuances (818) (1,356)
Other (Note 9) (18,548) (9,835)
Net cash used by financing activities (46,667) (88,556)
Effect of exchange rate changes on cash flows (9,467) (2,923)
(Decrease) increase in cash, cash equivalents and restricted cash (36,391) 12,887
Cash, cash equivalents and restricted cash at beginning of period 111,909 91,468
Cash, cash equivalents and restricted cash at end of period 75,518 104,355
Cash and cash equivalents at end of period 71,585 93,475
Prepaid Expenses and Other Current Assets    
Financing activities:    
Restricted cash (1,976) (6,239)
Other Noncurrent Assets    
Financing activities:    
Restricted cash $ (1,957) $ (4,641)