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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Consolidated net income $ 10,771 $ 11,528
Adjustments to reconcile net income to net cash provided by operating activities:    
Loss on extinguishment of debt 0 5,706
Loss (gain) on sale of property, plant, and equipment 1 (2)
Depreciation expense 871 788
Amortization of other intangible assets 463 477
Amortization of deferred financing costs 645 604
Deferred income tax (benefit) expense (34) 552
Stock compensation expense 1,159 1,498
Noncash lease (income) expense (5) 6
Gain on investments (14) (13)
Changes in operating assets and liabilities:    
Accounts receivable (2,958) 2,735
Inventories (18,258) (12,461)
Other current assets 1,081 1,283
Other assets 382 464
Accounts payable 22,101 14,882
Accrued liabilities and other (3,165) (3,806)
Net cash provided by operating activities 13,040 24,241
Cash flows from investing activities:    
Capital expenditures (2,787) (842)
Restricted cash, MSA escrow deposits (8,468) (14,920)
Proceeds on the sale of property, plant and equipment 1 2
Net cash used in investing activities (11,254) (15,760)
Cash flows from financing activities:    
Proceeds from Senior Secured Notes 0 250,000
Payments of 2018 first lien term loan 0 (130,000)
Settlement of interest rate swaps 0 (3,573)
Payment of dividends (1,022) (958)
Payments of financing costs 0 (6,614)
Exercise of options 245 425
Redemption of options 0 (1,466)
Redemption of performance restricted stock units (1,141) 0
Common stock repurchased (10,622) (5,733)
Net cash provided by (used in) financing activities (12,540) 102,081
Net (decrease) increase in cash (10,754) 110,562
Effect of foreign currency translation on cash (3) 101
Cash, beginning of period:    
Unrestricted 128,320 41,765
Restricted 15,155 35,074
Total cash at beginning of period 143,475 76,839
Cash, end of period:    
Unrestricted 126,045 167,361
Restricted 6,673 20,141
Total cash at end of period 132,718 187,502
Supplemental schedule of noncash investing activities:    
Accrued capital expenditures 187 177
Supplemental schedule of noncash financing activities:    
Dividends declared not paid 1,131 1,071
Accrued expenses for incurred financing costs $ 0 $ 301