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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating Activities    
Net income $ 35,542 $ 36,636
Depreciation and amortization 14,165 10,504
Stock-based compensation (Note 11) 3,730 3,293
Pension expense (Note 15) (2,652) (480)
Deferred income tax benefit (Note 10) (572) (586)
Loss on asset dispositions, net 4 19
Pension contributions (Note 15) (1,914) (1,923)
Currency exchange losses (gains), net 3,271 (2,099)
Product liability expense (Note 18) 2,772 2,796
Collections on insurance receivables and notes receivable, insurance companies (Note 18) 3,865 1,765
Product liability payments (Note 18) (1,758) (7,471)
Changes in:    
Trade receivables 13,365 27,784
Inventories (Note 4) (40,816) (10,826)
Accounts payable 1,408 532
Other current assets and liabilities (6,858) (13,966)
Other noncurrent assets and liabilities 971 (362)
Cash Flow From Operating Activities 24,523 45,616
Investing Activities    
Capital expenditures (7,976) (9,582)
Acquisition, net of cash acquired (Note 14) 0 (62,992)
Purchase of short-term investments (Note 17) (19,973) (44,970)
Proceeds from maturities of short-term investments (Note 17) 29,000 65,000
Property disposals and other investing 0 35
Cash Flow From (Used in) Investing Activities 1,051 (52,509)
Financing Activities    
Proceeds from long-term debt (Note 12) 263,000 370,017
Payments on long-term debt (Note 12) (258,000) (318,000)
Cash dividends paid (17,292) (16,820)
Company stock purchases (Note 7) (3,659) (5,348)
Exercise of stock options (Note 7) 51 1,790
Cash Flow (Used In) From Financing Activities (15,900) 31,639
Effect of exchange rate changes on cash, cash equivalents and restricted cash (3,361) (720)
Increase in cash, cash equivalents and restricted cash 6,313 24,026
Beginning cash, cash equivalents and restricted cash 141,438 161,034
Ending cash, cash equivalents and restricted cash 147,751 185,060
Supplemental cash flow information:    
Cash and cash equivalents 147,300 184,728
Restricted cash included in prepaid expenses and other current assets 451 332
Total cash, cash equivalents and restricted cash $ 147,751 $ 185,060