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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities    
Net income $ 29,541 $ 19,821
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Amortization of debt issuance costs 353 1,187
Depreciation and amortization 20,246 20,447
Equity in undistributed earnings of associated companies, net of dividends (4,401) 2,135
Deferred compensation, deferred taxes and other, net (2,231) (3,801)
Share-based compensation 3,527 2,462
Combination and other acquisition-related expenses, net of payments 0 (4,246)
Restructuring and related charges, net 3,972 820
Pension and other postretirement benefits (415) (1,316)
(Decrease) increase in cash from changes in current assets and current liabilities, net of acquisitions:    
Accounts receivable (3,974) (26,270)
Inventories (5,792) (33,873)
Prepaid expenses and other current assets (6,765) (6,506)
Change in restructuring liabilities (2,747) (408)
Accounts payable and accrued liabilities 6,468 23,249
Net cash provided by (used in) operating activities 37,782 (6,299)
Cash flows from investing activities    
Investments in property, plant and equipment (6,161) (8,847)
Payments related to acquisitions, net of cash acquired 0 (9,383)
Net cash used in investing activities (6,161) (18,230)
Cash flows from financing activities    
Payments of long-term debt (4,703) (14,112)
(Payments) borrowings on revolving credit facilities, net (9,776) 43,000
Payments on other debt, net (469) (102)
Dividends paid (7,809) (7,428)
Other stock related activity (2,109) (801)
Net cash (used in) provided by financing activities (24,866) 20,557
Effect of foreign exchange rate changes on cash 2,154 348
Net decrease in cash and cash equivalents 8,909 (3,624)
Cash and cash equivalents at the beginning of the period 180,963 165,176
Cash and cash equivalents at the end of the period $ 189,872 $ 161,552