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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating activities:      
Net income $ 15,996 $ 13,479 $ 99,873
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 115,818 92,150 91,085
Gain on disposition of property, plant and equipment (1,197) (821) (1,027)
Stock compensation expense 10,201 12,804 11,470
Non-cash goodwill impairment charge 0 68,194 0
Changes in assets and liabilities, net of the effects of acquisitions:      
Accounts receivable (6,073) (39,484) (18,793)
Inventories 622 (48,591) (7,350)
Prepaid expenses and other current assets 1,321 (9,257) (5,208)
Accounts payable (5,493) 15,998 22,909
Accrued liabilities 22,673 (25,659) (1,630)
Deferred income taxes (16,058) 2,645 (19,354)
Long-term retirement benefits (17,256) (1,474) 3,423
Long-term tax liability (13,029) (6,948) (6,949)
Other 4,890 2,523 (643)
Net cash provided by operating activities 112,415 75,559 167,806
Investing activities:      
Proceeds from disposition of property, plant and equipment 7,921 1,825 3,007
Capital expenditures (55,739) (35,082) (34,117)
Business acquisitions, net of cash acquired 718,782 0 0
Other (921) (2,729) 1,304
Net cash used in investing activities (767,521) (35,986) (29,806)
Financing activities:      
Net change in other borrowings (257) (1,333) (173)
Payments on long-term debt (314,167) (108,415) (115,507)
Proceeds from the issuance of long-term debt 1,019,708 98,285 48,300
Payments of debt issuance costs (11,341) 0 0
Proceeds from the issuance of common stock 353 513 1,427
Common stock repurchases 0 (6,721) (5,229)
Dividends paid (32,412) (32,376) (32,402)
Withholding taxes paid on stock issuances (908) (1,144) (1,421)
Other 5,586 (13,638) (9,661)
Net cash used provided by financing activities 666,562 (64,829) (114,666)
Effect of exchange rate changes on cash flows (545) (5,525) (2,893)
Increase (decrease) in cash, cash equivalents and restricted cash 10,911 (30,781) 20,441
Cash, cash equivalents and restricted cash at beginning of year 81,128 111,909 91,468
Cash, cash equivalents and restricted cash at end of year 92,039 81,128 111,909
Less: Restricted cash, included in Prepaid expenses and other current assets (2,212) (2,135) (4,524)
Less: Restricted cash, included in Other assets 0 (2,135) (4,525)
Cash and cash equivalents $ 89,827 $ 76,858 $ 102,860