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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Operating Activities    
Net income (loss) $ 197,021 $ (17,827)
Depreciation and amortization 47,563 44,965
Loss on divestiture of MSA LLC (Note 17) 0 199,578
Stock-based compensation (Note 11) 13,446 21,506
Pension income (Note 14) (5,316) (6,060)
Deferred income tax benefit (Note 10) (1,928) (531)
Loss (gain) on asset dispositions, net 959 (671)
Pension contributions (Note 14) (3,948) (4,274)
Currency exchange losses, net 4,715 8,781
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 7,965 (7,449)
Inventories (Note 4) (59,531) 15,386
Accounts payable 17,309 (4,225)
Other current assets and liabilities (34,186) 26,518
Other noncurrent assets and liabilities 4,451 4,679
Cash Flow From (Used in) Operating Activities 188,520 (66,057)
Investing Activities    
Capital expenditures (39,814) (30,979)
Property disposals and other investing 90 2,690
Cash Flow Used in Investing Activities (39,724) (28,289)
Financing Activities    
Proceeds from long-term debt (Note 12) 868,644 1,507,000
Payments on long-term debt (Note 12) (919,647) (1,338,352)
Debt issuance costs (200) (1,138)
Cash dividends paid (58,670) (54,999)
Company stock purchases (Note 7) (27,427) (3,941)
Exercise of stock options (Note 7) 494 1,440
Employee stock purchase plan (Note 7) 634 497
Cash Flow (Used in) From Financing Activities (136,172) 110,507
Effect of exchange rate changes on cash, cash equivalents and restricted cash (6,062) (14,152)
Change in cash, cash equivalents and restricted cash 6,562 2,009
Beginning cash, cash equivalents and restricted cash 148,408 164,428
Ending cash, cash equivalents and restricted cash 154,970 166,437
Supplemental cash flow information:    
Cash and cash equivalents 154,371 164,499
Restricted cash included in prepaid expenses and other current assets 599 1,938
Total cash, cash equivalents and restricted cash $ 154,970 $ 166,437