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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net income $ 35,770 $ 14,055 $ 23,425
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation 35,003 37,739 37,112
Amortization 9,149 11,053 11,315
Provision for doubtful accounts 0 2,160 8,608
Deferred income taxes (6,883) (7,312) (2,367)
Asset impairments 4,357 6,950 834
Insurance recoveries 0 0 (5,000)
(Gain) loss on the sale of property, plant and equipment 148 (155) 53
Stock-based compensation expense 15,262 10,398 10,194
Changes in operating assets and liabilities:      
Accounts receivable (46,967) 13,586 134,926
Contract assets (12,464) 18,282 (20,979)
Inventories (197,867) (10,799) (5,238)
Prepaid expenses and other assets (12,201) 4,080 2,494
Accounts payable 139,952 (15,553) (121,860)
Advance payments from customers 34,002 46,611 9,254
Accrued liabilities (508) (9,826) 19,623
Operating leases (167) 724 1,029
Income taxes 792 (1,555) (10,287)
Net cash provided by (used in) operations (2,622) 120,438 93,136
Cash flows from investing activities:      
Proceeds from sales of investments at par 0 0 50
Additions to property, plant and equipment (38,794) (34,584) (32,576)
Proceeds from the sale of property, plant and equipment 239 368 259
Additions to purchased software (3,383) (4,935) (2,542)
Cash received from business divestitures 0 4,714 0
Other 63 54 (54)
Net cash used in investing activities (41,875) (34,383) (34,863)
Cash flows from financing activities:      
Debt issuance costs (1,150) 0 0
Proceeds from stock options exercised 346 958 1,585
Employee taxes paid for with shares withheld (3,174) (2,236) (2,231)
Dividends paid (23,260) (23,041) (23,287)
Borrowings under credit agreement 150,000 110,000 0
Borrowings under finance leases 0 864 0
Principal payments on credit agreement (155,625) (117,500) (5,626)
Principal payments on finance leases (873) (1,351) (1,168)
Share repurchases (40,216) (25,220) (122,110)
Net cash used in financing activities (73,952) (57,526) (152,837)
Effect of exchange rate changes (5,792) 3,505 418
Net (decrease) increase in cash and cash equivalents and restricted cash (124,241) 32,034 (94,146)
Cash and cash equivalents and restricted cash at beginning of year 395,990 363,956 458,102
Cash and cash equivalents and restricted cash at end of period $ 271,749 $ 395,990 $ 363,956