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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating activities:    
Net income $ 20,484 $ 19,382
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 22,301 21,992
Gain on disposition of property, plant and equipment (1) (50)
Stock compensation expense 2,534 2,306
Changes in assets and liabilities:    
Accounts receivable (10,961) (7,590)
Inventories (15,154) 78
Prepaid expenses and other current assets (5,809) (4,882)
Accounts payable 4,163 9,121
Accrued liabilities (28,197) (6,456)
Deferred income taxes 2,115 (101)
Long-term retirement benefits (1,862) (569)
Other 1,074 2,381
Net cash (used) provided by operating activities (9,313) 35,612
Investing activities:    
Proceeds from disposition of property, plant and equipment 60 83
Capital expenditures (7,405) (7,855)
Other (1,094) 3,758
Net cash used by investing activities (8,439) (4,014)
Financing activities:    
Net change in other borrowings (784) 5,354
Payments on long-term debt (34,918) (30,933)
Proceeds from the issuance of long-term debt 35,000 15,000
Proceeds from the issuance of common stock 153 125
Dividends paid (8,111) (8,104)
Withholding taxes paid on stock issuances (49) (68)
Other (3,665) (5,816)
Net cash used by financing activities (12,374) (24,442)
Effect of exchange rate changes on cash flows 137 (2,331)
(Decrease) increase in cash, cash equivalents and restricted cash (29,989) 4,825
Cash, cash equivalents and restricted cash at beginning of period 111,909 91,468
Cash, cash equivalents and restricted cash at end of period 81,920 96,293
Cash and cash equivalents at end of period 75,255 84,900
Prepaid Expenses and Other Current Assets    
Financing activities:    
Restricted cash (4,434) (6,198)
Other Noncurrent Assets    
Financing activities:    
Restricted cash $ (2,231) $ (5,195)