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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating activities    
Net income (loss) $ (159,875) $ 17,331
Loss (income) from discontinued operations, net of taxes (129) 614
Adjustments to reconcile to net cash provided (used) by continuing operations:    
Depreciation, depletion and amortization 50,482 44,176
Amortization of debt issue costs and original issue discount 1,420 478
Goodwill and other asset impairment charges 159,890 0
Inventory and accounts receivable charges 3,948 0
Deferred income tax benefit (19,032) (419)
Gains on dispositions of plant, equipment and timberlands, net (2,868) (4,638)
Share-based compensation 37 4,015
Change in operating assets and liabilities:    
Accounts receivable (42,890) (19,304)
Inventories (70,818) (34,640)
Prepaid and other current assets 7,227 8,742
Accounts payable 17,702 19,815
Accruals and other current liabilities (3,868) 4,689
Other (5,579) (2,362)
Net cash provided (used) by operating activities from continuing operations (64,353) 38,497
Investing activities    
Expenditures for purchases of plant, equipment and timberlands (30,084) (18,519)
Proceeds from disposals of plant, equipment and timberlands, net 3,194 4,951
Acquisition, net of cash acquired 1,413 (172,331)
Other (25) (104)
Net cash used by investing activities from continuing operations (25,502) (186,003)
Financing activities    
Proceeds from term loans 0 23,559
Repayment of term loans (29,528) (18,154)
Net borrowings under revolving credit facility 102,957 166,092
Payments of borrowing costs (1,285) (1,855)
Payments of dividends (18,766) (18,224)
Payments related to share-based compensation awards and other (1,294) (154)
Net cash provided by financing activities from continuing operations 52,084 151,264
Effect of exchange rate changes on cash (6,760) (4,082)
Net decrease in cash, cash equivalents and restricted cash (44,531) (324)
Decrease in cash, cash equivalents and restricted cash from discontinued operations 45 (481)
Cash, cash equivalents and restricted cash at the beginning of period 148,814 111,665
Cash, cash equivalents and restricted cash at the end of period 104,328 110,860
Less: restricted cash in Prepaid expenses and other current assets (2,000) (2,000)
Less: restricted cash in Other assets (6,993) (8,828)
Cash and cash equivalents at the end of period 95,335 100,032
Cash paid for:    
Interest 17,885 4,709
Income taxes, net $ 19,085 $ 9,794