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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 earnings (loss) $ 59,575 $ (41,866) $ 34,686
Adjustments to reconcile net (loss) earnings to net cash provided by operating activities:      
Depreciation and amortization 29,753 26,930 26,670
Non-cash inventory charges 4,048 0 0
Pensions and other post-retirement plan expense (1,792) 132,650 2,698
Stock-based compensation 7,726 6,105 3,417
Asset impairment charges 0 0 1,016
Restructuring non-cash charges 0 0 300
Deferred income taxes 492 (30,982) (2,048)
Gain on foreign current hedges, net of tax (214) (35) (20)
Changes in assets and liabilities, net of acquisitions:      
Accounts receivable (5,913) (928) (343)
Inventories (8,211) (3,570) (578)
Operating lease assets 1,266 1,687 1,363
Other assets 5,625 (2,076) 3,701
Accounts payable (2,293) 3,136 3,860
Accrued payroll and benefits 450 5,023 2,518
Operating lease liabilities (1,431) (1,709) (1,257)
Accrued expenses and other liabilities (1,381) (7,937) 1,056
Pension and other post-retirement plans 33,497 (287) (256)
Net cash provided by operating activities 121,197 86,141 76,783
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital expenditures (14,333) (15,641) (14,858)
Payments for acquisitions, net of cash acquired (96,855) (255) (8,309)
Net cash used in investing activities (111,188) (15,896) (23,167)
CASH FLOWS FROM FINANCING ACTVITIES:      
Payments of long-term debt (722,942) (808,800) (3,792,550)
Proceeds from borrowings of long-term debt 756,580 804,200 3,747,450
Purchase of treasury stock (21,447) (8,786) (8,080)
Dividends paid (5,131) (5,173) (5,179)
Taxes paid on behalf of equity award participants (1,524) (1,503) (1,917)
Contingent consideration payments (1,200) (650) (1,057)
Net cash (used in) provided by financing activities 4,336 (20,712) (61,333)
Effect of exchange rate on cash and cash equivalents 1,100 159 (751)
Net increase (decrease) in cash and cash equivalents 15,445 49,692 (8,468)
Cash and cash equivalents at beginning of year 141,465 91,773 100,241
Cash and cash equivalents at end of year 156,910 141,465 91,773
Supplemental cash flow information:      
Cash paid for interest 2,016 1,950 2,597
Cash paid for income taxes, net 20,080 16,887 11,967
Capital expenditures incurred not paid $ 2,480 $ 2,348 $ 729