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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating activities    
Net income $ 8,394 $ 7,406
Adjustments to reconcile to net cash used by continuing operations:    
Depreciation, depletion and amortization 13,733 15,402
Amortization of debt issue costs and original issue discount 153 147
Deferred income tax benefit (410) (2,612)
Gains on dispositions of plant, equipment and timberlands, net (850)  
Share-based compensation 1,208 1,085
Change in operating assets and liabilities    
Accounts receivable (7,002) (7,203)
Inventories (13,248) (3,688)
Prepaid and other current assets 167 (2,315)
Accounts payable (7,460) (11,605)
Accruals and other current liabilities (3,447) (2,931)
Other 2,716 711
Net cash used by operating activities from continuing operations (6,046) (5,603)
Investing activities    
Expenditures for purchases of plant, equipment and timberlands (5,379) (7,014)
Proceeds from disposals of plant, equipment and timberlands, net 876  
Other (100)  
Net cash used by investing activities from continuing operations (4,603) (7,014)
Financing activities    
Proceeds from short-term debt 11,725  
Net borrowings under revolving credit facility 1,151 2,452
Payments of borrowing costs (35)  
Repayment of term loans (6,136) (3,089)
Payments of dividends (5,990) (5,752)
Payments related to share-based compensation awards and other (536) (458)
Net cash provided (used) by financing activities from continuing operations 179 (6,847)
Effect of exchange rate changes on cash (2,213) (937)
Net decrease in cash, cash equivalents and restricted cash (12,683) (20,401)
Decrease in cash, cash equivalents and restricted cash from discontinued operations (78) (316)
Cash, cash equivalents and restricted cash at the beginning of period 111,665 126,201
Cash, cash equivalents and restricted cash at the end of period 98,904 105,484
Less: restricted cash in Prepaid expenses and other current assets (2,000) (1,259)
Less: restricted cash in Other assets (9,538)  
Cash and cash equivalents at the end of period 87,366 104,225
Cash paid for:    
Interest 1,408 1,443
Income taxes, net $ 3,493 $ 3,446