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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash Flows From Operating Activities    
Net income $ 13,893 $ 16,142
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 27,604 25,542
Deferred compensation 1,778 1,502
Realized and unrealized gains on long-term investments (2,267) (1,516)
Stock-based compensation 1,372 999
Deferred income taxes 2,201 (660)
Other non-cash items 650 36
Changes in assets and liabilities:    
Receivables, net (26,043) (40,420)
Inventories 3,202 38,265
Other current assets (5,931) (9,222)
Accounts payable and accrued liabilities 25,965 (98,523)
Pension liabilities (502) (531)
Environmental and legal liabilities (56) (3,464)
Deferred revenues (312) (208)
Net Cash Provided By (Used In) Operating Activities 41,554 (72,058)
Cash Flows From Investing Activities    
Expenditures for property, plant and equipment (30,157) (92,158)
Other, net 5,742 1,817
Net Cash Used In Investing Activities (24,415) (90,341)
Cash Flows From Financing Activities    
Revolving debt and bank overdrafts, net (Note 14) (8,415) 123,847
Dividends paid (8,422) (8,160)
Stock option exercises 865 1,514
Other, net (4,012) (3,665)
Net Cash Provided By (Used In) Financing Activities (19,984) 113,536
Effect of Exchange Rate Changes on Cash (1,203) 2,069
Net Decrease in Cash and Cash Equivalents (4,048) (46,794)
Cash and Cash Equivalents at Beginning of Period 129,823 173,750
Cash and Cash Equivalents at End of Period 125,775 126,956
Supplemental Cash Flow Information    
Cash payments of income taxes, net of refunds 4,818 15,518
Cash payments of interest $ 7,284 $ 6,007