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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:    
Net income (loss) $ 2,351 $ (38,119)
Adjustments to reconcile net income (loss) from operations to net cash flows used from operating activities    
Depreciation and amortization 18,611 17,674
(Credit) charge for asbestos-related costs, net (4,101) 40,887
Deferred income tax provision (benefit) 259 (2,964)
Difference between net periodic pension and other postretirement costs and contributions (11,434) (6,541)
Stock-based compensation 1,478 2,146
Non-cash provisions – net 253 (64)
Sale-leaseback accretion 1,254 1,163
Other – net 443 (359)
Changes in assets/liabilities:    
Receivables 6,148 (5,473)
Inventories 4,762 (1,401)
Contract assets (4,150) 479
Other assets (3,248) 283
Insurance receivable – asbestos 18,037 12,780
Asbestos liability (24,574) (23,374)
Accounts payable (104) (6,358)
Accrued payrolls and employee benefits 2,859 2,740
Customer-related liabilities 6,169 2,828
Other liabilities 3,015 (13)
Net cash flows provided by (used in) operating activities 18,028 (3,686)
Cash flows from investing activities:    
Purchases of property, plant and equipment (12,194) (20,448)
Proceeds from government grant, for purchase of equipment 3,301  
Proceeds from sale of property, plant and equipment 10 128
Purchases of long-term marketable securities (372) (99)
Proceeds from sale of long-term marketable securities 1,010 734
Net cash flows used in investing activities (8,245) (19,685)
Cash flows from financing activities:    
Proceeds from revolving credit facility 23,964 32,595
Payments on revolving credit facility (23,964) (23,673)
Proceeds from sale-leaseback financing arrangements   2,500
Payments on sale-leaseback financing arrangements (372) (268)
Proceeds from equipment financing facility 1,692 10,331
Payments on equipment financing facility (1,629)  
Proceeds from related party debt   1,768
Repayment of related party debt (664) (1,096)
Repayment of debt (380) (469)
Net cash flows (used in) provided by financing activities (1,353) 21,688
Effect of exchange rate changes on cash and cash equivalents (289) 234
Net increase (decrease) in cash and cash equivalents 8,141 (1,449)
Cash and cash equivalents at beginning of year 7,286 8,735
Cash and cash equivalents at end of year 15,427 7,286
Supplemental disclosures of cash flow information:    
Income tax payments (net of refunds) 2,511 2,335
Interest payments (net of amounts capitalized) 10,167 7,921
Non-cash investing and financing activities:    
Purchases of property, plant and equipment in accounts payable 1,083 461
Finance lease right-of-use assets exchanged for lease liabilities 148 199
Operating lease right-of-use assets exchanged for lease liabilities $ 694 $ 1,956