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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating Activities    
Net income (loss) $ 130,373 $ (83,083)
Depreciation and amortization 31,605 29,461
Tax-effected loss on divestiture of MSA LLC (Note 17) 0 199,578
Stock-based compensation (Note 11) 9,229 13,029
Pension income (Note 14) (3,108) (4,040)
Deferred income tax benefit (Note 10) (2,226) (393)
Loss (gain) on asset dispositions, net 752 (713)
Pension contributions (Note 14) (2,632) (4,092)
Currency exchange losses, net 1,730 7,285
Product liability expense (Note 17) 0 3
Product liability payments (Note 17) 0 (5,250)
Contribution on divestiture of MSA LLC (Note 17) 0 (341,186)
Changes in:    
Trade receivables (15,798) (10,410)
Inventories (Note 4) (32,798) 5,896
Accounts payable 20,980 (6,756)
Other current assets and liabilities (35,109) 5,943
Other noncurrent assets and liabilities 1,190 3,887
Cash Flow From (Used in) Operating Activities 104,188 (190,841)
Investing Activities    
Capital expenditures (25,560) (18,322)
Property disposals and other investing 74 2,674
Cash Flow Used in Investing Activities (25,486) (15,648)
Financing Activities    
Proceeds from long-term debt (Note 12) 598,000 1,108,000
Payments on long-term debt (Note 12) (611,260) (871,102)
Debt issuance costs 0 (963)
Cash dividends paid (38,589) (36,514)
Company stock purchases (Note 7) (16,829) (3,871)
Exercise of stock options (Note 7) 326 542
Employee stock purchase plan (Note 7) 634 497
Cash Flow (Used in) From Financing Activities (67,718) 196,589
Effect of exchange rate changes on cash, cash equivalents and restricted cash (10,557) (5,651)
Increase (decrease) in cash, cash equivalents and restricted cash 427 (15,551)
Beginning cash, cash equivalents and restricted cash 148,408 164,428
Ending cash, cash equivalents and restricted cash 148,835 148,877
Supplemental cash flow information:    
Cash and cash equivalents 146,830 146,897
Restricted cash included in prepaid expenses and other current assets 2,005 1,980
Total cash, cash equivalents and restricted cash $ 148,835 $ 148,877