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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating Activities    
Net income (loss) $ (83,083) $ 83,235
Depreciation and amortization 29,461 28,087
Tax-effected loss on divestiture of MSA LLC (Note 17) 199,578 0
Stock-based compensation (Note 11) 13,029 8,358
Pension income (Note 14) (4,040) (5,304)
Deferred income tax benefit (Note 10) (393) (1,526)
(Gain) loss on asset dispositions, net (713) 124
Pension contributions (Note 14) (4,092) (3,829)
Currency exchange losses, net 7,285 1,809
Product liability expense (Note 17) 3 5,698
Collections on insurance receivables and notes receivable, insurance companies (Note 17) 0 3,906
Product liability payments (Note 17) (5,250) (3,653)
Contribution on divestiture of MSA LLC (Note 17) (341,186) 0
Changes in:    
Trade receivables (10,410) (12,505)
Inventories (Note 4) 5,896 (69,726)
Accounts payable (6,756) 7,106
Other current assets and liabilities 5,943 (3,590)
Other noncurrent assets and liabilities 3,887 1,786
Cash Flow (Used in) From Operating Activities (190,841) 39,976
Investing Activities    
Capital expenditures (18,322) (19,805)
Proceeds from maturities of short-term investments (Note 16) 0 69,000
Purchase of short-term investments (Note 16) 0 (54,793)
Property disposals and other investing 2,674 0
Cash Flow Used in Investing Activities (15,648) (5,598)
Financing Activities    
Proceeds from long-term debt (Note 12) 1,108,000 572,000
Payments on long-term debt (Note 12) (871,102) (535,000)
Debt issuance costs (963) 0
Cash dividends paid (36,514) (35,401)
Company stock purchases (Note 7) (3,871) (32,156)
Exercise of stock options (Note 7) 542 298
Employee stock purchase plan (Note 7) 497 486
Cash Flow From (Used in) Financing Activities 196,589 (29,773)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (5,651) (10,474)
Decrease in cash, cash equivalents and restricted cash (15,551) (5,869)
Beginning cash, cash equivalents and restricted cash 164,428 141,438
Ending cash, cash equivalents and restricted cash 148,877 135,569
Supplemental cash flow information:    
Cash and cash equivalents 146,897 134,047
Restricted cash included in prepaid expenses and other current assets 1,980 1,522
Total cash, cash equivalents and restricted cash $ 148,877 $ 135,569