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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating Activities    
Net income $ 80,209 $ 63,488
Depreciation and amortization 19,428 18,792
Stock-based compensation (Note 11) 4,352 6,086
Pension expense (Note 14) 4,430 2,856
Deferred income (benefit) tax provision (Note 10) (711) 849
Loss on asset dispositions, net 127 233
Pension contributions (Note 14) (3,781) (3,534)
Currency exchange losses, net 1,063 18,251
Product liability expense (Note 17) 2,802 6,425
Collections on insurance receivables and notes receivable, insurance companies (Note 17) 5,736 11,289
Product liability payments (Note 17) (4,672) (34,170)
Changes in:    
Trade receivables 9,286 (9,189)
Inventories (Note 3) (46,886) (25,421)
Prepaid expenses and other current assets (10,424) (3,489)
Accounts payable and accrued liabilities 22,653 (13,401)
Other noncurrent assets and liabilities (581) (1,520)
Cash Flow From Operating Activities 83,031 37,545
Investing Activities    
Capital expenditures (19,834) (13,525)
Acquisition, net of cash acquired (Note 19) 0 (33,196)
Purchase of short-term investments (Note 16) (119,402) (87,260)
Proceeds from maturities of short-term investments (Note 16) 110,000 69,958
Property disposals 83 81
Cash Flow Used in Investing Activities (29,153) (63,942)
Financing Activities    
Payments on short-term debt, net 0 64
Proceeds from long-term debt (Note 12) 581,000 375,000
Payments on long-term debt (Note 12) (590,000) (338,000)
Cash dividends paid (33,052) (30,934)
Company stock purchases (Note 7) (28,254) (10,967)
Exercise of stock options (Note 7) 3,740 3,232
Employee stock purchase plan (Note 7) 390 344
Cash Flow Used in Financing Activities (66,176) (1,261)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (3,654) (985)
Decrease in cash, cash equivalents and restricted cash (15,952) (28,643)
Beginning cash, cash equivalents and restricted cash 152,543 140,604
Ending cash, cash equivalents and restricted cash 136,591 111,961
Supplemental cash flow information:    
Total cash, cash equivalents and restricted cash $ 136,591 $ 111,961