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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash Flows from Operating Activities      
Net income $ 35,600,000 $ 139,100,000 $ 133,000,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 43,500,000 39,300,000 40,100,000
Adjustment to fair value of contingent consideration 3,400,000 0 0
Deferred taxes (39,300,000) 3,600,000 (5,500,000)
Profit on disposal of property, plant and equipment (200,000) 0 0
Non-cash income of defined benefit pension plans 151,900,000 (3,300,000) (2,500,000)
Stock option compensation 8,500,000 8,000,000 6,700,000
Changes in assets and liabilities, net of effects of acquired and divested companies:      
Trade and other accounts receivable 4,300,000 (12,600,000) (55,500,000)
Inventories (11,800,000) 83,000,000 (98,500,000)
Prepaid expenses (2,800,000) (4,200,000) 4,600,000
Accounts payable and accrued liabilities (4,500,000) (26,900,000) 54,200,000
Plant closure provisions 900,000 4,000,000 1,100,000
Accrued income taxes 6,300,000 (25,900,000) 9,400,000
Unrecognized tax benefits (14,800,000) 1,400,000 (2,900,000)
Other assets and liabilities 3,500,000 1,800,000 (2,500,000)
Net cash provided by operating activities 184,500,000 207,300,000 81,700,000
Cash Flows from Investing Activities      
Capital expenditures (41,400,000) (62,100,000) (39,600,000)
Proceeds on disposal of property, plant and equipment 500,000 100,000 200,000
Business combinations, net of cash acquired (200,000) (34,700,000) 0
Internally developed software (20,900,000) (15,100,000) (2,700,000)
Net cash used in investing activities (62,000,000) (111,800,000) (42,100,000)
Cash Flows from Financing Activities      
Non-controlling interest 2,400,000 0 1,800,000
Repayments of revolving credit facility 0 0 0
Repayment of term loan 0 (2,300,000) 0
Repayment of finance leases 0 0 (100,000)
Refinancing costs (300,000) (1,400,000) 0
Dividend paid (38,800,000) (35,100,000) (31,700,000)
Issue of treasury stock 2,100,000 900,000 2,200,000
Repurchase of common stock (700,000) (1,100,000) (5,900,000)
Net cash used in financing activities (35,300,000) (39,000,000) (33,700,000)
Effect of foreign currency exchange rate changes on cash (1,700,000) 100,000 (600,000)
Net change in cash and cash equivalents 85,500,000 56,600,000 5,300,000
Cash and cash equivalents at beginning of year 203,700,000 147,100,000 141,800,000
Cash and cash equivalents at end of year $ 289,200,000 $ 203,700,000 $ 147,100,000