XML 17 R6.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Operating Activities    
Net income $ 61,987 $ 80,209
Depreciation and amortization 22,088 19,428
Stock-based compensation (Note 10) 10,695 4,352
Pension expense (Note 14) 919 4,430
Deferred income tax benefit (Note 9) (3,448) (711)
Loss on asset dispositions, net 48 127
Pension contributions (Note 14) (3,845) (3,781)
Currency exchange (gains) losses, net (459) 1,063
Product liability expense (Note 17) 14,547 2,802
Collections on insurance receivables and notes receivable, insurance companies (Note 17) 6,069 5,736
Product liability payments (Note 17) (22,574) (4,672)
Changes in:    
Trade receivables 27,248 9,286
Inventories (Note 2) (21,431) (46,886)
Accounts payable (1,563) 8,806
Other current assets and liabilities (6,503) 3,423
Other noncurrent assets and liabilities 136 (581)
Cash Flow From Operating Activities 83,914 83,031
Investing Activities    
Capital expenditures (20,288) (19,834)
Acquisition, net of cash acquired (Note 18) (62,992) 0
Purchase of short-term investments (Note 16) (74,955) (119,402)
Proceeds from maturities of short-term investments (Note 16) 100,000 110,000
Property disposals 60 83
Cash Flow Used in Investing Activities (58,175) (29,153)
Financing Activities    
Proceeds from long-term debt (Note 11) 605,733 581,000
Payments on long-term debt (Note 11) (578,729) (590,000)
Debt issuance costs (1,494) 0
Cash dividends paid (34,067) (33,052)
Company stock purchases (Note 6) (5,511) (28,254)
Exercise of stock options (Note 6) 2,161 3,740
Employee stock purchase plan (Note 6) 452 390
Cash Flow Used in Financing Activities (11,455) (66,176)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (907) (3,654)
Increase (decrease) in cash, cash equivalents and restricted cash 13,377 (15,952)
Beginning cash, cash equivalents and restricted cash 161,034 152,543
Ending cash, cash equivalents and restricted cash 174,411 136,591
Supplemental cash flow information:    
Cash and cash equivalents 174,078 136,238
Restricted cash included in prepaid expenses and other current assets 333 353
Total cash, cash equivalents and restricted cash $ 174,411 $ 136,591