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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating activities:    
Net income $ 13,159 $ 20,484
Adjustments to reconcile net income to net cash provided (used) by operating activities:    
Depreciation and amortization 24,048 22,301
Gain on disposition of property, plant and equipment (55) (1)
Stock compensation expense 2,627 2,534
Changes in assets and liabilities:    
Accounts receivable (2,209) (10,961)
Inventories (7,062) (15,154)
Prepaid expenses and other current assets (3,412) (5,809)
Accounts payable 6,450 4,163
Accrued liabilities (636) (28,197)
Deferred income taxes 1,356 2,115
Long-term retirement benefits (3,883) (1,862)
Other 1,832 1,074
Net cash provided (used) by operating activities 32,215 (9,313)
Investing activities:    
Proceeds from disposition of property, plant and equipment 190 60
Capital expenditures (10,946) (7,405)
Other (525) (1,094)
Net cash used by investing activities (11,281) (8,439)
Financing activities:    
Net change in other borrowings (109) (784)
Payments on long-term debt (44,343) (34,918)
Proceeds from the issuance of long-term debt 31,208 35,000
Proceeds from the issuance of common stock 94 153
Dividends paid (8,096) (8,111)
Withholding taxes paid on stock issuances (252) (49)
Other (1,139) (3,665)
Net cash used by financing activities (22,637) (12,374)
Effect of exchange rate changes on cash flows 1,438 137
Decrease in cash, cash equivalents and restricted cash (265) (29,989)
Cash, cash equivalents and restricted cash at beginning of period 81,128 111,909
Cash, cash equivalents and restricted cash at end of period 80,863 81,920
Cash and cash equivalents at end of period 78,684 75,255
Prepaid Expenses and Other Current Assets    
Financing activities:    
Restricted cash (2,179) (4,434)
Other Noncurrent Assets    
Financing activities:    
Restricted cash $ 0 $ (2,231)