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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
OPERATING ACTIVITIES    
Net income $ 28,075 $ 27,609
Adjustments to reconcile net income to net cash (used in)/provided by operating activities:    
Depreciation 15,597 16,589
Amortization 2,165 2,293
Change in deferred taxes and other liabilities 1,792 4,442
Impairment of property, plant, equipment, and inventory 2,868 185
Non-cash interest expense 282 45
Compensation and benefits paid or payable in Class A Common Stock 745 (13)
Provision for credit losses from uncollected receivables and contract assets 1,858 (110)
Foreign currency remeasurement (gain)/loss on intercompany loans (2,385) (308)
Fair value adjustment on foreign currency options (977) 139
Changes in operating assets and liabilities that (used)/provided cash:    
Accounts receivable (15,674) (3,236)
Contract assets 272 16,104
Inventories (7,549) (8,563)
Prepaid expenses and other current assets (1,976) (899)
Income taxes prepaid and receivable 1,829 (1,465)
Accounts payable (375) 9,188
Accrued liabilities (19,350) (19,485)
Income taxes payable (10,890) (8,077)
Noncurrent receivables 614 488
Other noncurrent liabilities (1,914) (2,097)
Other, net (398) 857
Net cash (used in)/provided by operating activities (5,391) 33,686
INVESTING ACTIVITIES    
Purchases of property, plant and equipment (15,719) (12,534)
Purchased software (35) (2)
Net cash used in investing activities (15,754) (12,536)
FINANCING ACTIVITIES    
Proceeds from borrowings 77,000 8,000
Principal payments on debt 0 (22,007)
Principal payments on finance lease liabilities (390) (349)
Purchase of Treasury shares (42,230) 0
Taxes paid in lieu of share issuance (770) (998)
Proceeds from options exercised 7 128
Dividends paid (6,742) (6,468)
Net cash provided by/(used in) financing activities 26,875 (21,694)
Effect of exchange rate changes on cash and cash equivalents (351) (2,901)
Increase/(decrease) in cash and cash equivalents 5,379 (3,445)
Cash and cash equivalents at beginning of period 302,036 241,316
Cash and cash equivalents at end of period $ 307,415 $ 237,871