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CONSOLIDATED STATEMENTS OF CASH FLOW (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
OPERATING ACTIVITIES    
Net income $ 7,594 $ 29,408
Adjustments to reconcile net income to net cash (used in)/provided by operating activities:    
Depreciation 15,506 15,642
Amortization 2,564 2,314
Change in deferred taxes and other liabilities 5,817 (1,065)
Provision for write-off of property, plant and equipment 197 386
Non-cash interest expense 151 151
Compensation and benefits paid or payable in Class A Common Stock (682) (547)
Fair value adjustment on foreign currency option 64
Provision for credit losses from uncollected receivables and contract assets 1,655 585
Foreign currency remeasurement loss/(gain) on intercompany loans 15,387 (1,707)
Changes in operating assets and liabilities that (used)/provided cash:    
Accounts receivable (3,394) (12,209)
Contract assets (8,840) (481)
Inventories (19,750) (16,662)
Prepaid expenses and other current assets (2,156) (2,804)
Income taxes prepaid and receivable (237) 674
Accounts payable (1,046) 21,750
Accrued liabilities (15,072) (11,095)
Income taxes payable (3,571) 1,506
Noncurrent receivables (231) (294)
Other noncurrent liabilities (60) (1,679)
Other, net (534) 693
Net cash (used in)/provided by operating activities (6,638) 24,566
INVESTING ACTIVITIES    
Purchases of property, plant and equipment (12,759) (20,798)
Purchased software (46) (22)
Net cash used in investing activities (12,805) (20,820)
FINANCING ACTIVITIES    
Proceeds from borrowings 70,000 20,000
Principal payments on debt (3,006) (28,004)
Principal payments on finance lease liabilities (6,134) (400)
Taxes paid in lieu of share issuance (490) (971)
Proceeds from options exercised 44
Dividends paid (6,139) (5,808)
Net cash provided by/(used in) financing activities 54,231 (15,139)
Effect of exchange rate changes on cash and cash equivalents (7,648) 1,023
Increase/(decrease) in cash and cash equivalents 27,140 (10,370)
Cash and cash equivalents at beginning of period 195,540 197,755
Cash and cash equivalents at end of period $ 222,680 $ 187,385