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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
OPERATING ACTIVITIES      
Net income $ 118,768 $ 97,243 $ 133,383
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 65,130 63,328 62,085
Amortization 9,125 9,377 8,710
Change in deferred taxes and other liabilities 12,181 11,101 13,702
Impairment of property, plant and equipment 856 1,173 3,119
Non-cash interest expense 875 (290) 605
Write-off of pension liability adjustments due to settlement/curtailment 0 411 450
Compensation and benefits paid or payable in Class A Common Stock 3,146 1,505 2,063
Provision for credit losses from uncollected receivables and contract assets (1,299) 1,628 309
Foreign currency remeasurement (gain)/loss on intercompany loans (3,150) 14,246 (3,730)
Fair value adjustment on foreign currency options 169 0 0
Changes in operating assets and liabilities that provided/(used) cash:      
Accounts receivable (7,734) 31,522 9,278
Contract assets 25,446 (59,122) (19,199)
Inventories (9,942) (13,685) (8,923)
Prepaid expenses and other current assets (998) (7,811) (2,291)
Income taxes prepaid and receivable 3,944 113 1,390
Accounts payable 9,492 (15,586) 10,524
Accrued liabilities (774) (3,856) (7,393)
Income taxes payable (477) 5,939 3,979
Noncurrent receivables 4,355 4,158 (1,341)
Other noncurrent liabilities (13,713) (2,437) (6,573)
Other, net 2,075 1,296 205
Net cash provided by operating activities 217,475 140,253 200,352
INVESTING ACTIVITIES      
Purchase of business, net of cash acquired 0 0 (30,793)
Purchases of property, plant and equipment (52,793) (41,463) (67,358)
Purchased software (906) (927) (597)
Net cash used in investing activities (53,699) (42,390) (98,748)
FINANCING ACTIVITIES      
Proceeds from borrowings 8,000 75,000 45,000
Principal payments on debt (56,009) (101,020) (120,017)
Principal payments on finance lease liabilities (1,438) (7,214) (1,180)
Debt acquisition costs 0 (2,432) 0
Purchase of Treasury shares (23,449) 0 0
Taxes paid in lieu of share issuance (998) (490) (971)
Proceeds from options exercised 153 55 112
Dividends paid (25,894) (24,568) (23,251)
Net cash used in financing activities (99,635) (60,669) (100,307)
Effect of exchange rate changes on cash and cash equivalents (3,421) 8,582 (3,512)
Increase/(decrease) in cash and cash equivalents 60,720 45,776 (2,215)
Cash and cash equivalents at beginning of period 241,316 195,540 197,755
Cash and cash equivalents at end of period $ 302,036 $ 241,316 $ 195,540