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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net income $ 68,229 $ 35,770 $ 14,055
Adjustments to reconcile net income to net cash (used in) provided by operating activities:      
Depreciation 33,339 35,003 37,739
Amortization 10,913 9,149 11,053
Provision for doubtful accounts 489 0 2,160
Deferred income taxes (7,248) (6,883) (7,312)
Asset impairments 0 4,357 6,950
Loss (gain) on the sale of property, plant and equipment (289) 148 (155)
Gain on assets held for sale (393) 0 0
Stock-based compensation expense 18,485 15,262 10,398
Changes in operating assets and liabilities:      
Accounts receivable (136,455) (46,967) 13,586
Contract assets (28,370) (12,464) 18,282
Inventories (206,247) (197,867) (10,799)
Prepaid expenses and other assets (6,467) (12,201) 4,080
Accounts payable (16,656) 139,952 (15,553)
Advance payments from customers 79,813 34,002 46,611
Accrued liabilities 6,303 (508) (9,826)
Operating leases 441 (167) 724
Income taxes 6,646 792 (1,555)
Net cash (used in) provided by operations (177,467) (2,622) 120,438
Cash flows from investing activities:      
Additions to property, plant and equipment (43,357) (38,794) (34,584)
Proceeds from the sale of property, plant and equipment 321 239 368
Proceeds from the sale of assets held for sale 5,372 0 0
Additions to purchased software (3,417) (3,383) (4,935)
Cash received from business divestitures 0 0 4,714
Other (93) 63 54
Net cash used in investing activities (41,174) (41,875) (34,383)
Cash flows from financing activities:      
Debt issuance costs (574) (1,150) 0
Proceeds from stock options exercised 716 346 958
Employee taxes paid for with shares withheld (3,201) (3,174) (2,236)
Dividends paid (23,156) (23,260) (23,041)
Borrowings under credit agreement 828,000 150,000 110,000
Borrowings under finance leases 0 0 864
Principal payments on credit agreement (633,000) (155,625) (117,500)
Principal payments on finance leases (165) (873) (1,351)
Share repurchases (9,391) (40,216) (25,220)
Net cash provided by (used in) financing activities 159,229 (73,952) (57,526)
Effect of exchange rate changes (4,907) (5,792) 3,505
Net (decrease) increase in cash and cash equivalents and restricted cash (64,319) (124,241) 32,034
Cash and cash equivalents and restricted cash at beginning of year 271,749 395,990 363,956
Cash and cash equivalents and restricted cash at end of period $ 207,430 $ 271,749 $ 395,990