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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating activities:    
Net (loss) income $ 8,780 $ (2,089)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 79,196 69,022
  Amortization of debt discount 58 0
(Gain) loss on disposition of property, plant and equipment (202) 14
Stock compensation expense 8,121 9,547
Non-cash goodwill impairment charge 0 (68,194)
Changes in assets and liabilities, net of the effects of acquisition:    
Accounts receivable (5,273) (17,923)
Inventories (8,699) (40,428)
Prepaid expenses and other current assets 5,367 (13,310)
Accounts payable (11,629) 10,509
Accrued liabilities 22,437 (28,637)
Deferred income taxes (3,541) (4,350)
Long-term retirement benefits (13,096) (660)
Long-term tax liability (13,029) (6,948)
Other 2,483 521
Net cash provided by operating activities 70,973 43,462
Investing activities:    
Proceeds from disposition of property, plant and equipment 6,990 104
Capital expenditures (37,405) (21,655)
Business acquisitions, net of cash acquired (718,782) 0
Other (921) (2,168)
Net cash used by investing activities (750,118) (23,719)
Financing activities:    
Net change in other borrowings (167) (941)
Payments on long-term debt (268,580) (80,777)
Proceeds from the issuance of long-term debt 1,006,333 85,082
Payments of debt issuance costs (11,341) 0
Proceeds from the issuance of common stock 277 338
Common stock repurchases 0 6,721
Dividends paid (24,302) (24,282)
Withholding taxes paid on stock issuances (857) (818)
Other (8,971) (18,548)
Net cash provided (used) by financing activities 692,392 (46,667)
Effect of exchange rate changes on cash flows (2,190) (9,467)
Increase (decrease) in cash, cash equivalents and restricted cash 11,057 (36,391)
Cash, cash equivalents and restricted cash at beginning of period 81,128 111,909
Cash, cash equivalents and restricted cash at end of period 92,185 75,518
Cash and cash equivalents at end of period 90,040 71,585
Prepaid Expenses and Other Current Assets    
Financing activities:    
Restricted cash (2,145) (1,976)
Other Noncurrent Assets    
Financing activities:    
Restricted cash $ 0 $ (1,957)