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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Operating activities:    
Net income $ 43,873 $ 30,300
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 44,683 45,258
Gain on disposition of property, plant and equipment (76) (111)
Stock compensation expense 5,632 5,798
Seeger divestiture charges 0 6,620
Changes in assets and liabilities, net of the effects of divestitures:    
Accounts receivable (12,660) 89,426
Inventories 89 (32,551)
Prepaid expenses and other current assets (3,473) (6,607)
Accounts payable 13,880 (12,401)
Accrued liabilities 1,721 2,581
Deferred income taxes (5,101) (5,417)
Long-term retirement benefits 889 (2,730)
Long-term tax liability (6,949) 0
Other 3,213 3,028
Net cash provided by operating activities 85,721 123,194
Investing activities:    
Proceeds from disposition of property, plant and equipment 136 230
Proceeds from the sale of businesses, net of cash sold 0 36,879
Capital expenditures (17,567) (19,800)
Other 2,924 0
Net cash (used) provided by investing activities (14,507) 17,309
Financing activities:    
Net change in other borrowings (2,184) (2,167)
Payments on long-term debt (56,502) (189,370)
Proceeds from the issuance of long-term debt 25,000 75,000
Proceeds from the issuance of common stock 210 350
Common stock repurchases (5,229) (15,550)
Dividends paid (16,194) (16,205)
Withholding taxes paid on stock issuances (191) (137)
Other (3,477) (3,531)
Net cash used by financing activities (58,567) (151,610)
Effect of exchange rate changes on cash flows (1,252) (1,722)
Increase (decrease) in cash, cash equivalents and restricted cash 11,395 (12,829)
Cash, cash equivalents and restricted cash at beginning of period 91,468 93,805
Cash, cash equivalents and restricted cash at end of period 102,863 80,976
Cash and cash equivalents at end of period 91,134 74,238
Prepaid Expenses and Other Current Assets    
Financing activities:    
Restricted cash (6,970) 0
Other Noncurrent Assets    
Financing activities:    
Restricted cash $ (4,759) $ (6,738)