XML 17 R6.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 20,563 $ 7,637
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 69,068 75,446
Income tax, non-cash changes 3,637 (4,198)
Stock-based compensation 6,542 6,844
Amortization of debt issuance costs 3,702 3,195
Other non-cash items (1,727) (10,710)
Accounts receivable (57,430) (47,899)
Inventories (37,054) (66,513)
Other assets and liabilities 1,883 14,538
Accounts payable 64,131 7,181
Income taxes 1,116 (99)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES 74,431 (14,578)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to property, plant, and equipment (45,710) (47,571)
Proceeds from sale of fixed assets 150 6,589
NET CASH USED IN INVESTING ACTIVITIES (45,560) (40,982)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of long-term debt   1,658
Repayments of debt (3,572) (3,569)
Cash dividends paid (10,245) (10,140)
Financing costs paid and other   (4,339)
Payments related to tax withholdings for stock-based compensation (1,788) (1,473)
Finance lease payments (805) (1,012)
NET CASH USED IN FINANCING ACTIVITIES (16,410) (18,875)
Effect of exchange rate changes on cash (4,093) (1,871)
Net increase (decrease) in cash and cash equivalents 8,368 (76,306)
Cash and cash equivalents at the beginning of the period 113,473 152,423
Cash and cash equivalents at the end of the period $ 121,841 $ 76,117