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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating activities:    
Net income $ 19,382 $ 29,733
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 21,992 23,617
Gain on disposition of property, plant and equipment (50) (123)
Stock compensation expense 2,306 2,552
Seeger divestiture charges 0 6,620
Changes in assets and liabilities, net of the effects of divestitures:    
Accounts receivable (7,590) 9,592
Inventories 78 (12,788)
Prepaid expenses and other current assets (4,882) (3,227)
Accounts payable 9,121 1,328
Accrued liabilities (6,456) (7,885)
Deferred income taxes (101) 462
Long-term retirement benefits (569) (3,518)
Other 2,381 826
Net cash provided by operating activities 35,612 47,189
Investing activities:    
Proceeds from disposition of property, plant and equipment 83 185
Proceeds from the sale of businesses, net of cash sold 0 36,879
Capital expenditures (7,855) (11,912)
Other 3,758 0
Net cash (used) provided by investing activities (4,014) 25,152
Financing activities:    
Net change in other borrowings 5,354 20,775
Payments on long-term debt (30,933) (108,521)
Proceeds from the issuance of long-term debt 15,000 75,000
Proceeds from the issuance of common stock 125 183
Common stock repurchases 0 (15,550)
Dividends paid (8,104) (8,133)
Withholding taxes paid on stock issuances (68) (84)
Other (5,816) (7,252)
Net cash used by financing activities (24,442) (43,582)
Effect of exchange rate changes on cash flows (2,331) (3,111)
Increase in cash, cash equivalents and restricted cash 4,825 25,648
Cash, cash equivalents and restricted cash at beginning of period 91,468 93,805
Cash, cash equivalents and restricted cash at end of period 96,293 119,453
Cash and cash equivalents 84,900 112,827
Prepaid Expenses and Other Current Assets    
Financing activities:    
Restricted cash (6,198) 0
Other Noncurrent Assets    
Financing activities:    
Restricted cash $ (5,195) $ (6,626)