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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating Activities    
Net income $ 43,802 $ 23,376
Depreciation and amortization 9,640 9,326
Stock-based compensation (Note 11) 3,522 2,745
Pension expense (Note 14) 2,216 48
Deferred income tax provision (Note 10) (546) 1,834
Loss on asset dispositions, net 122 25
Pension contributions (Note 14) (1,891) (1,767)
Currency exchange losses, net 270 16,961
Product liability expense (Note 17) 1,951 2,896
Collections on insurance receivables and notes receivable, insurance companies (Note 17) 3,000 8,122
Product liability payments (Note 17) (2,328) (20,003)
Changes in:    
Trade receivables (15,339) (7,720)
Inventories (Note 3) (18,988) (16,127)
Prepaid expenses and other current assets (4,396) (8,055)
Accounts payable and accrued liabilities (6,834) (10,523)
Other noncurrent assets and liabilities (594) 79
Cash Flow From Operating Activities 13,607 1,217
Investing Activities    
Capital expenditures (6,562) (4,897)
Purchase of short-term investments (Note 16) (69,612) (52,541)
Proceeds from maturities of short-term investments (Note 16) 50,000 33,600
Property disposals 92 12
Cash Flow Used in Investing Activities (26,082) (23,826)
Financing Activities    
Payments on short-term debt, net 0 91
Proceeds from long-term debt (Note 12) 378,000 133,000
Payments on long-term debt (Note 12) (350,000) (119,000)
Cash dividends paid (16,331) (14,652)
Company stock purchases (Note 7) (27,730) (7,446)
Exercise of stock options (Note 7) 2,733 1,465
Cash Flow Used in Financing Activities (13,328) (6,542)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (3,756) (3,221)
Decrease in cash, cash equivalents and restricted cash (29,559) (32,372)
Beginning cash, cash equivalents and restricted cash 152,543 140,604
Ending cash, cash equivalents and restricted cash 122,984 108,232
Supplemental cash flow information:    
Total cash, cash equivalents and restricted cash $ 122,984 $ 108,232