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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net income $ 85,990 $ 72,474 $ 15,462
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, depletion, and amortization 53,436 44,137 42,384
Amortization of deferred financing costs in interest expense 1,734 967 790
Stock-based compensation expense (non-cash) 8,813 6,517 5,528
Amortization of pension and post-retirement costs (146) 437 (151)
Loss (gain) on sale of property, plant, and equipment 14 (282) 466
Deferred income tax (benefit) expense 1,733 (12,957) (9,850)
Impairment charges 0 0 10,472
Net pension curtailments and settlements (551) 0 94
Changes in assets and liabilities, net of acquired assets and liabilities:      
Decrease (increase) in accounts receivable (4,377) (30,490) (707)
Decrease (increase) in inventory (63,986) (43,458) (1,288)
Decrease (increase) in prepaid and other current assets (1,604) (3,855) 2,475
Increase (decrease) in accounts payable and accrued expenses 12,860 40,219 (21,877)
Increase (decrease) in unearned revenue 207 106 2,935
Increase (decrease) in interest and taxes payable 154 (220) (157)
Increase (decrease) in unearned income due to customer prepayments 21,942 13,752 54,103
Other — net (261) 2,894 378
Net cash provided by operating activities 115,958 90,241 101,057
Cash flows from investing activities:      
Payments for acquisition, net of cash acquired (2,971) (392,240) (130,715)
Payments for purchase of property, plant, and equipment (77,608) (102,910) (67,274)
Proceeds from settlement of currency exchange contract 0 0 3,249
Proceeds from sale of property, plant, and equipment 850 881 33
Net cash used in investing activities (79,729) (494,269) (194,707)
Cash flows from financing activities:      
Proceeds from (repayments of) borrowings under revolving credit agreement, net (9,046) 118,297 34,000
Proceeds from issuance of debt 9,276 300,000 0
Repayment of debt (19,299) (2,054) (20,634)
Principal payments under finance lease obligations (2,736) (2,819) (2,213)
Cash dividends paid (10,160) (9,697) (9,257)
Deferred financing costs 0 (7,403) 0
Repurchase of common stock 0 0 (6,766)
Payments for withholding taxes for stock-based compensation awards (3,593) (3,318) (2,221)
Net cash provided by (used in) financing activities (35,558) 393,006 (7,091)
Effects of exchange rate changes (2,032) (394) 1,612
Net change in cash and cash equivalents (1,361) (11,416) (99,129)
Cash and cash equivalents at beginning of period 14,462 25,878 125,007
Cash and cash equivalents at end of period $ 13,101 $ 14,462 $ 25,878