XML 14 R5.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net earnings $ 61,872 $ 67,684
Adjustments to arrive at net cash provided by operating activities:    
Depreciation and amortization 29,725 28,590
Share-based compensation expense 4,911 4,766
Net (gain) loss on assets (195) 81
Portfolio Optimization Plan costs 1,495 0
Deferred income taxes 529 (2,643)
Changes in operating assets and liabilities:    
Trade accounts receivable (49,449) 6,062
Inventories 36,730 (16,927)
Prepaid expenses and other assets (6,612) 3,534
Accounts payable and other accrued expenses (22,722) (18,329)
Accrued salaries, wages, and withholdings from employees 7,824 (19,713)
Income taxes (6,591) (1,998)
Other liabilities 1,429 595
Net cash provided by operating activities 58,946 51,702
Cash flows from investing activities:    
Acquisition of property, plant, and equipment (22,850) (45,137)
Proceeds from sale of assets 296 53
Other investing activities (336) 2,054
Net cash used in investing activities (22,890) (43,030)
Cash flows from financing activities:    
Proceeds from additional borrowings 132,189 187,037
Debt payments (120,571) (143,923)
Dividends paid (34,685) (34,577)
Other financing activities (3,016) (8,003)
Net cash (used in) provided by financing activities (26,083) 534
Effect of exchange rate changes on cash and cash equivalents (8,568) 6,419
Net increase in cash and cash equivalents 1,405 15,625
Cash and cash equivalents at beginning of period 28,934 20,921
Cash and cash equivalents at end of period $ 30,339 $ 36,546