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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
OPERATING ACTIVITIES        
Net income $ 10,823 $ 30,942 $ 78,267 $ 89,992
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation 15,588 15,925 46,864 48,485
Amortization 1,446 2,289 5,044 6,862
Change in deferred taxes and other liabilities (18,178) 1,606 (15,582) 7,022
Impairment of property, plant, equipment, and inventory (52) 25 2,610 563
Non-cash interest expense 279 283 840 593
Non-cash portion of pension settlement expense 42,657 0 42,657 0
Compensation and benefits paid or payable in Class A Common Stock 835 606 3,282 2,232
Provision/(recovery) for credit losses from uncollected receivables and contract assets (441) (1,075) 885 (1,158)
Foreign currency remeasurement (gain)/loss on intercompany loans (5,369) 480 (6,629) (551)
Fair value adjustment on foreign currency options (28) 29 (409) 169
Changes in operating assets and liabilities that provided/(used) cash:        
Accounts receivable (5,853) (10,927) (20,260) (14,292)
Contract assets (13,333) (3,473) (37,201) 22,170
Inventories (3,760) 546 (24,895) (9,838)
Prepaid expenses and other current assets 1,741 3,949 (2,733) 2,444
Income taxes prepaid and receivable (2,119) 2,717 (2,179) 2,408
Accounts payable (2,395) (296) 5,081 4,312
Accrued liabilities (879) 5,112 (12,624) (12,311)
Income taxes payable 10,378 2,871 2,639 (1,085)
Noncurrent receivables 1,112 1,245 2,976 2,832
Other noncurrent liabilities (2,708) (1,319) (5,960) (5,582)
Other, net (150) 1,324 4,634 3,232
Net cash provided by operating activities 29,594 52,859 67,307 148,499
INVESTING ACTIVITIES        
Purchases of property, plant and equipment (15,289) (8,918) (50,948) (31,754)
Purchased software (1,518) (106) (1,884) (394)
Net cash used in investing activities (16,807) (9,024) (52,832) (32,148)
FINANCING ACTIVITIES        
Proceeds from borrowings 10,000 0 145,000 8,000
Principal payments on debt (48,000) 0 (48,000) (56,009)
Principal payments on finance lease liabilities 0 (363) (654) (1,067)
Purchase of Treasury shares 0 0 (84,780) 0
Taxes paid in lieu of share issuance 0 0 (770) (998)
Proceeds from options exercised 10 4 17 153
Dividends paid (6,533) (6,476) (19,932) (19,418)
Net cash used in financing activities (44,523) (6,835) (9,119) (69,339)
Effect of exchange rate changes on cash and cash equivalents (12,652) (4,113) (30,910) (2,111)
(Decrease)/increase in cash and cash equivalents (44,388) 32,887 (25,554) 44,901
Cash and cash equivalents at beginning of period 320,870 253,330 302,036 241,316
Cash and cash equivalents at end of period $ 276,482 $ 286,217 $ 276,482 $ 286,217