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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net earnings $ 20,773 $ 32,807
Adjustments to arrive at net cash provided by operating activities:    
Depreciation and amortization 12,404 13,672
Share-based compensation 1,177 687
Net loss (gain) on assets 14 (41)
Loss on divestitures 10,558 0
Deferred income taxes 4,077 2,674
Changes in operating assets and liabilities:    
Trade accounts receivable (41,684) (19,230)
Inventories 29,058 22,112
Prepaid expenses and other assets (6,048) (7,573)
Accounts payable and other accrued expenses 2,773 (21,857)
Accrued salaries, wages and withholdings from employees 1,611 (3,022)
Income taxes 1,662 2,213
Other liabilities 553 982
Net cash provided by operating activities 36,928 23,424
Cash flows from investing activities:    
Acquisition of property, plant, and equipment (9,411) (8,300)
Proceeds from sale of assets 6 45
Other investing activities 4,505 (301)
Net cash used in investing activities (4,900) (8,556)
Cash flows from financing activities:    
Proceeds from additional borrowings 9,669 16,689
Debt payments (11,104) (12,577)
Dividends paid (16,500) (15,218)
Other financing activities (249) (803)
Net cash used in financing activities (18,184) (11,909)
Effect of exchange rate changes on cash and cash equivalents (11,912) (964)
Net increase in cash and cash equivalents 1,932 1,995
Cash and cash equivalents at beginning of period 21,153 31,901
Cash and cash equivalents at end of period $ 23,085 $ 33,896