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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities    
Net income $ 12,728 $ 74,941
Adjustments to reconcile net income to cash (used in) provided by operating activities    
Depreciation and amortization 20,571 19,596
Unrealized foreign exchange losses 2,184 730
Amortization of debt issuance costs 425 738
Share-based compensation 6,403 5,386
(Gain) loss on disposals of property, plant and equipment (53) 2
Deferred income taxes (4,244) 17,355
Changes in operating assets and liabilities    
Accounts receivable (56,640) (120,056)
Inventories 30,066 37,420
Accounts payable (23,187) 9,675
Accrued taxes (1,626) (15,230)
Other assets and liabilities 12,534 9,454
Cash flows (used in) provided by operating activities (839) 40,011
Cash flows from investing activities    
Additions to property, plant and equipment (10,355) (10,595)
Cash flows used in investing activities (10,355) (10,595)
Cash flows from financing activities    
Proceeds from short-term borrowings, net 127,616 41,939
Repayments of term loan facility (8,750) (14,063)
Repayments of delayed draw term loan A facility 0 (3,750)
Purchases of common stock (6,976) (6,178)
Debt issuance costs (14) 0
Dividends paid on common stock (23,034) (22,433)
Dividends paid to noncontrolling interests 0 (1,853)
Payment of employee restricted stock tax withholdings (496) (10,924)
Cash flows provided by (used in) financing activities 88,346 (17,262)
Effect of foreign exchange rate changes on cash and restricted cash (307) (202)
Net increase in cash and restricted cash 76,845 11,952
Cash and restricted cash, beginning of year 34,184 31,014
Cash and restricted cash, end of period 111,029 42,966
Supplemental information    
Non-cash additions to property, plant and equipment 1,014 830
Non-cash additions to right-of-use assets obtained in exchange for operating lease obligations 3,237 3,005
Non-cash additions to right-of-use assets obtained in exchange for finance lease obligations 427 0
Dividend equivalents rights ("DERs") declared not paid 477 387
Share repurchase liability (Note 9) $ 6,976 $ 6,178