XML 17 R6.htm IDEA: XBRL DOCUMENT v3.24.3
Consolidated Statement of Cash Flows Statement - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash Flows from Operating Activities:    
Net income $ 18,610 $ 32,420
Adjustments to reconcile income to net cash provided by operating activities, net of acquisition impact:    
Gain on dispositions of assets (1,040) (70)
Depreciation 29,940 29,830
Amortization of intangible assets 12,640 13,810
Amortization of debt issue costs 720 700
Deferred income taxes 3,540 2,650
Non-cash compensation expense 8,050 9,320
Provision for losses on accounts receivable 290 0
Change in asbestos liability estimate 5,510 0
Change in environmental liability estimate 2,490 0
Increase in receivables (15,910) (22,580)
(Increase) decrease in inventories (23,050) 1,800
Increase in prepaid expenses and other assets (4,570) (660)
Decrease in accounts payable and accrued liabilities (7,020) (10,390)
Other operating activities 6,500 740
Net cash provided by operating activities, net of acquisition impact 36,700 57,570
Cash Flows from Investing Activities:    
Capital expenditures (35,980) (34,940)
Acquisition of businesses, net of cash acquired 0 (77,340)
Cross-currency swap terminations (3,760) 0
Settlement of foreign currency exchange forward contract 3,760 0
Net proceeds from disposition of property and equipment 4,100 460
Net cash used for investing activities (31,880) (111,820)
Cash Flows from Financing Activities:    
Proceeds from borrowings on revolving credit facilities 248,730 74,410
Repayments of borrowings on revolving credit facilities (235,380) (73,350)
Payments to purchase common stock (19,270) (13,350)
Shares surrendered upon exercise and vesting of equity awards to cover taxes (1,620) (2,680)
Dividends paid (4,980) (5,020)
Other financing activities (280) (3,190)
Net cash used for financing activities (12,800) (23,180)
Decrease for the period (7,980) (77,430)
At beginning of period 34,890 112,090
At end of period 26,910 34,660
Supplemental disclosure of cash flow information:    
Cash paid for interest 9,860 7,560
Cash paid for taxes $ 9,080 $ 11,020