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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating Activities    
Net income (loss) $ (17,827) $ 128,141
Depreciation and amortization 44,965 41,883
Tax-effected loss on divestiture of MSA LLC (Note 17) 199,578 0
Stock-based compensation (Note 11) 21,506 11,325
Pension income (Note 14) (6,060) (7,956)
Deferred income tax benefit (Note 10) (531) (2,451)
(Gain) loss on asset dispositions, net (671) 4,776
Pension contributions (Note 14) (4,274) (5,743)
Currency exchange losses, net 8,781 4,788
Product liability expense (Note 17) 3 9,733
Collections on insurance receivables and notes receivable, insurance companies (Note 17) 0 9,510
Product liability payments (Note 17) (5,250) (9,076)
Contribution on divestiture of MSA LLC (Note 17) (341,186) 0
Changes in:    
Trade receivables (7,449) 1,958
Inventories (Note 4) 15,386 (86,599)
Accounts payable (4,225) 2,629
Other current assets and liabilities 26,518 270
Other noncurrent assets and liabilities 4,679 715
Cash Flow (Used in) From Operating Activities (66,057) 103,903
Investing Activities    
Capital expenditures (30,979) (28,753)
Proceeds from maturities of short-term investments (Note 16) 0 94,000
Purchase of short-term investments (Note 16) 0 (69,680)
Property disposals and other investing 2,690 38
Cash Flow Used in Investing Activities (28,289) (4,395)
Financing Activities    
Proceeds from long-term debt (Note 12) 1,507,000 798,000
Payments on long-term debt (Note 12) (1,338,352) (771,000)
Debt issuance costs (1,138) 0
Cash dividends paid (54,999) (53,447)
Company stock purchases (Note 7) (3,941) (34,365)
Exercise of stock options (Note 7) 1,440 4,163
Employee stock purchase plan (Note 7) 497 486
Cash Flow From (Used in) Financing Activities 110,507 (56,163)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (14,152) (23,498)
Increase in cash, cash equivalents and restricted cash 2,009 19,847
Beginning cash, cash equivalents and restricted cash 164,428 141,438
Ending cash, cash equivalents and restricted cash 166,437 161,285
Supplemental cash flow information:    
Cash and cash equivalents 164,499 159,613
Restricted cash included in prepaid expenses and other current assets 1,938 1,672
Total cash, cash equivalents and restricted cash $ 166,437 $ 161,285