XML 17 R6.htm IDEA: XBRL DOCUMENT v3.20.2
CONSOLIDATED STATEMENTS OF CASH FLOW (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Net Cash Provided by (Used in) Operating Activities, Continuing Operations [Abstract]        
Net income $ 29,590 $ 40,125 $ 69,633 $ 103,792
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation 16,285 15,672 47,289 46,659
Amortization 1,997 1,582 7,017 6,305
Change in deferred taxes and other liabilities 3,074 13,548 12,434 12,802
Provision for write-off of property, plant and equipment 303 (5) 536 1,101
Non-cash interest (income)/expense (309) 151 (138) 454
Compensation and benefits paid or payable in Class A Common Stock 80 790 596 1,413
Fair value adjustment on foreign currency option (64) 0 0 0
Provision for credit losses from uncollected receivables and contract assets (105) 332 1,664 1,136
Foreign currency remeasurement loss/(gain) on intercompany loans 169 (1,049) 15,750 (2,656)
Changes in operating assets and liabilities that provided/(used) cash:        
Accounts receivable (2,048) (10,282) 6,069 (8,276)
Contract assets (7,923) (9,605) (27,932) (6,558)
Inventories 4,585 (3,760) (20,043) (21,927)
Prepaid expenses and other current assets (4,532) 131 (6,989) (4,057)
Income taxes prepaid and receivable (454) 304 (662) 662
Accounts payable (5,108) 363 (15,491) 7,837
Accrued liabilities 2,838 3,407 (8,063) (8,762)
Income taxes payable 1,786 (5,611) 3,741 1,619
Noncurrent receivables (228) (339) 169 (679)
Other noncurrent liabilities 111 (2,251) (413) (4,411)
Other, net (388) (6) (1,474) 139
Net cash provided by operating activities 39,659 43,497 83,693 126,593
INVESTING ACTIVITIES        
Purchases of property, plant and equipment (9,349) (13,442) (31,320) (48,846)
Purchased software (109) (257) (155) (306)
Net Cash Provided by (Used in) Investing Activities, Total (9,458) (13,699) (31,475) (49,152)
FINANCING ACTIVITIES        
Proceeds from borrowings 0 0 70,000 20,000
Principal payments on debt (17,005) (58,006) (76,016) (95,014)
Principal payments on finance lease liabilities (335) (298) (6,798) (876)
Taxes paid in lieu of share issuance 0 0 (490) (971)
Proceeds from options exercised 5 33 25 105
Dividends paid (6,144) (5,814) (18,424) (17,435)
Net cash used in financing activities (23,479) (64,085) (31,703) (94,191)
Effect of exchange rate changes on cash and cash equivalents 4,545 (7,207) (751) (7,266)
Increase/(decrease) in cash and cash equivalents 11,267 (41,494) 19,764 (24,016)
Cash and cash equivalents at beginning of period 204,037 215,233 195,540 197,755
Cash and cash equivalents at end of period $ 215,304 $ 173,739 $ 215,304 $ 173,739