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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating activities:      
Net income $ 13,479 $ 99,873 $ 63,375
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 92,150 91,085 87,656
Gain on disposition of property, plant and equipment (821) (1,027) (94)
Stock compensation expense 12,804 11,470 10,300
Seeger divestiture charges 0 0 6,677
Non-cash goodwill impairment charge 68,194 0 0
Changes in assets and liabilities, net of the effects of divestitures:      
Accounts receivable (39,484) (18,793) 107,381
Inventories (48,591) (7,350) 2,147
Prepaid expenses and other current assets (9,257) (5,208) (5,721)
Accounts payable 15,998 22,909 (9,968)
Accrued liabilities (25,659) (1,630) (37,430)
Deferred income taxes 2,645 (19,354) (5,867)
Long-term retirement benefits (1,474) 3,423 (1,418)
Long-term tax liability (6,948) (6,949) (6,949)
Other 2,523 (643) 5,373
Net cash provided by operating activities 75,559 167,806 215,462
Investing activities:      
Proceeds from disposition of property, plant and equipment 1,825 3,007 449
Proceeds from the sale of businesses, net of cash sold 0 0 36,062
Capital expenditures (35,082) (34,117) (40,698)
Other (2,729) 1,304 0
Net cash used in investing activities (35,986) (29,806) (4,187)
Financing activities:      
Net change in other borrowings (1,333) (173) (5,855)
Payments on long-term debt (108,415) (115,507) (266,424)
Proceeds from the issuance of long-term debt 98,285 48,300 98,107
Proceeds from the issuance of common stock 513 1,427 1,989
Common stock repurchases (6,721) (5,229) (15,550)
Dividends paid (32,376) (32,402) (32,402)
Withholding taxes paid on stock issuances (1,144) (1,421) (3,368)
Other (13,638) (9,661) 3,837
Net cash used provided by financing activities (64,829) (114,666) (219,666)
Effect of exchange rate changes on cash flows (5,525) (2,893) 6,054
(Decrease) increase in cash, cash equivalents and restricted cash (30,781) 20,441 (2,337)
Cash, cash equivalents and restricted cash at beginning of year 111,909 91,468 93,805
Cash, cash equivalents and restricted cash at end of year 81,128 111,909 91,468
Cash and cash equivalents 76,858 102,860 79,145
Prepaid expenses and other current assets      
Financing activities:      
Restricted cash (2,135) (4,524) (4,944)
Other assets      
Financing activities:      
Restricted cash $ (2,135) $ (4,525) $ (7,379)