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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating activities:    
Net income (loss) $ 30,511 $ (19,068)
Adjustments to reconcile net income (loss) to net cash provided (used) by operating activities:    
Depreciation and amortization 46,913 44,861
(Gain) loss on disposition of property, plant and equipment (180) 47
Stock compensation expense 4,832 6,015
Non-cash goodwill impairment charge 0 (68,194)
Changes in assets and liabilities:    
Accounts receivable (18,102) (30,232)
Inventories (9,743) (26,671)
Prepaid expenses and other current assets (5,183) (5,165)
Accounts payable (2,300) 10,196
Accrued liabilities 16,745 (30,674)
Deferred income taxes 779 (1,261)
Long-term retirement benefits (10,636) (1,871)
Long-term tax liability (13,029) (6,949)
Other 1,860 1,097
Net cash provided by operating activities 42,467 8,519
Investing activities:    
Proceeds from disposition of property, plant and equipment 149 92
Capital expenditures (21,617) (13,523)
Other (722) (1,645)
Net cash used by investing activities (22,190) (15,076)
Financing activities:    
Net change in other borrowings 7,775 (1,372)
Payments on long-term debt (112,927) (70,369)
Proceeds from the issuance of long-term debt 101,208 80,000
Proceeds from the issuance of common stock 189 246
Common stock repurchases 0 6,721
Dividends paid (16,195) (16,192)
Withholding taxes paid on stock issuances (376) (154)
Other (3,764) (9,825)
Net cash used by financing activities (24,090) (24,387)
Effect of exchange rate changes on cash flows (466) (4,475)
Decrease in cash, cash equivalents and restricted cash (4,279) (35,419)
Cash, cash equivalents and restricted cash at beginning of period 81,128 111,909
Cash, cash equivalents and restricted cash at end of period 76,849 76,490
Cash and cash equivalents at end of period 74,673 72,278
Prepaid Expenses and Other Current Assets    
Financing activities:    
Restricted cash (2,176) (2,122)
Other Noncurrent Assets    
Financing activities:    
Restricted cash $ 0 $ (2,090)