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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating Activities    
Net income $ 36,600 $ 43,802
Depreciation and amortization 10,504 9,640
Stock-based compensation (Note 10) 3,293 3,522
Pension (income) expense (Note 14) (480) 2,216
Deferred income tax benefit (Note 9) (595) (546)
Loss on asset dispositions, net 19 122
Pension contributions (Note 14) (1,923) (1,891)
Currency exchange (gains) losses, net (2,099) 270
Product liability expense (Note 17) 2,796 1,951
Collections on insurance receivables and notes receivable, insurance companies (Note 17) 1,765 3,000
Product liability payments (Note 17) (7,471) (2,328)
Changes in:    
Trade receivables 27,784 (15,339)
Inventories (Note 2) (10,781) (18,988)
Accounts payable 532 1,657
Other current assets and liabilities (13,966) (12,887)
Other noncurrent assets and liabilities (362) (594)
Cash Flow From Operating Activities 45,616 13,607
Investing Activities    
Capital expenditures (9,582) (6,562)
Acquisition, net of cash acquired (Note 18) (62,992) 0
Purchase of short-term investments (Note 16) (44,970) (69,612)
Proceeds from maturities of short-term investments (Note 16) 65,000 50,000
Property disposals 35 92
Cash Flow Used in Investing Activities (52,509) (26,082)
Financing Activities    
Proceeds from long-term debt (Note 11) 370,017 378,000
Payments on long-term debt (Note 11) (318,000) (350,000)
Cash dividends paid (16,820) (16,331)
Company stock purchases (Note 6) (5,348) (27,730)
Exercise of stock options (Note 6) 1,790 2,733
Cash Flow From (Used in) Financing Activities 31,639 (13,328)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (720) (3,756)
Increase (decrease) in cash, cash equivalents and restricted cash 24,026 (29,559)
Beginning cash, cash equivalents and restricted cash 161,034 152,543
Ending cash, cash equivalents and restricted cash 185,060 122,984
Supplemental cash flow information:    
Total cash, cash equivalents and restricted cash $ 185,060 $ 122,984