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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operating Activities    
Net income $ 108,431 $ 106,100
Depreciation and amortization 29,284 28,339
Stock-based compensation (Note 11) 3,042 10,130
Pension expense (Note 14) 6,647 3,101
Deferred income tax (benefit) provision (Note 10) (1,312) 424
Loss on asset dispositions, net 189 271
Pension contributions (Note 14) (5,672) (5,300)
Currency exchange losses, net 3,821 17,338
Product liability expense (Note 17) 4,878 8,155
Collections on insurance receivables and notes receivable, insurance companies (Note 17) 10,844 18,724
Product liability payments (Note 17) (6,648) (43,851)
Changes in:    
Trade receivables 23,744 (5,414)
Inventories (Note 3) (70,148) (33,996)
Prepaid expenses and other current assets (7,673) (10,755)
Accounts payable and accrued liabilities 10,782 (3,647)
Other noncurrent assets and liabilities (54) (1,369)
Cash Flow From Operating Activities 110,155 88,250
Investing Activities    
Capital expenditures (32,698) (23,523)
Acquisition, net of cash acquired 0 (33,196)
Purchase of short-term investments (Note 16) (174,337) (149,359)
Proceeds from maturities of short-term investments (Note 16) 155,000 132,170
Property disposals 334 123
Cash Flow Used in Investing Activities (51,701) (73,785)
Financing Activities    
Payments on short-term debt, net 0 (63)
Proceeds from long-term debt (Note 12) 779,000 621,000
Payments on long-term debt (Note 12) (784,000) (608,000)
Cash dividends paid (49,811) (47,215)
Company stock purchases (Note 7) (28,691) (11,060)
Exercise of stock options (Note 7) 6,969 4,161
Employee stock purchase plan (Note 7) 390 344
Cash Flow Used in Financing Activities (76,143) (40,833)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (1,668) (5,378)
Decrease in cash, cash equivalents and restricted cash (19,357) (31,746)
Beginning cash, cash equivalents and restricted cash 152,543 140,604
Ending cash, cash equivalents and restricted cash 133,186 108,858
Supplemental cash flow information:    
Total cash, cash equivalents and restricted cash $ 133,186 $ 108,858