XML 17 R6.htm IDEA: XBRL DOCUMENT v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating Activities    
Net income $ 157,463 $ 122,378
Depreciation and amortization 37,674 34,350
Stock-based compensation (Note 12) 11,621 7,999
Pension (income) expense (8,756) (6,917)
Deferred income tax benefit (Note 11) 0 (307)
Loss on asset dispositions, net 388 892
Pension contributions (Note 16) (4,458) (3,729)
Currency exchange losses, net 2,095 9,363
Changes in:    
Trade receivables (41,234) (37,070)
Inventories (Note 5) (6,421) (11,147)
Accounts payable 12,651 12,916
Other current assets and liabilities 7,951 (831)
Other noncurrent assets and liabilities 2,089 1,154
Cash Flow From Operating Activities 171,063 129,051
Investing Activities    
Capital expenditures (23,260) (40,118)
Acquisitions, net of cash acquired (Note 15) 0 (187,774)
Property disposals and other investing 36 19
Cash Flow Used in Investing Activities (23,224) (227,873)
Financing Activities    
Proceeds from long-term debt (Note 13) 796,000 600,686
Payments on long-term debt (Note 13) (775,240) (435,466)
Debt issuance costs 0 3,064
Cash dividends paid (41,414) (40,881)
Company stock purchases (Note 8) (86,396) (48,875)
Exercise of stock options (Note 8) 23 497
Employee stock purchase plan (Note 8) 1,079 1,082
Cash Flow (Used in) From Financing Activities (105,948) 73,979
Effect of exchange rate changes on cash, cash equivalents and restricted cash (6,577) 7,692
Change in cash, cash equivalents and restricted cash 35,314 (17,151)
Beginning cash, cash equivalents and restricted cash 165,992 165,097
Ending cash, cash equivalents and restricted cash 201,306 147,946
Supplemental cash flow information:    
Cash and cash equivalents 200,057 146,988
Restricted cash included in prepaid expenses and other current assets 1,249 958
Total cash, cash equivalents and restricted cash $ 201,306 $ 147,946