XML 23 R7.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Statement of Cash Flows Statement - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash Flows from Operating Activities:      
Net income (loss) $ 24,250 $ 40,360 $ 66,170
Adjustments to reconcile income to net cash provided by operating activities, net of acquisition impact:      
Impairment of indefinite-lived intangible assets 230 1,120 0
(Gain) loss on dispositions of assets (1,000) 180 (21,950)
Depreciation 48,120 39,410 34,120
Amortization of intangible assets 16,800 18,180 19,100
Amortization of debt issue costs 960 930 910
Deferred income taxes (3,240) (1,710) (1,400)
Non-cash compensation expense 6,960 9,670 9,840
Provision for losses on accounts receivable (1,000) 2,450 0
Change in asbestos liability estimate 5,510 0 5,590
Change in environmental liability estimate 3,340 0 0
(Increase) decrease in receivables (20,520) (5,520) (6,650)
(Increase) decrease in inventories (21,200) (7,070) (6,970)
Decrease in prepaid expenses and other assets (2,340) 4,760 6,120
Increase (decrease) in accounts payable and accrued liabilities 560 (14,520) (29,130)
Other operating activities 6,350 (80) (3,180)
Net cash provided by operating activities 63,780 88,160 72,570
Cash Flows from Investing Activities:      
Capital expenditures (50,960) (54,190) (45,960)
Acquisition of businesses, net of cash acquired 0 (77,340) (64,100)
Cross-currency swap terminations (3,760) (3,370) 26,230
Settlement of foreign currency exchange forward contract 3,760 0 0
Net proceeds from dispositions businesses, property and equipment 4,000 480 28,790
Net cash used for investing activities (46,960) (134,420) (55,040)
Cash Flows from Financing Activities:      
Proceeds from borrowings on revolving credit facilities 308,930 117,990 12,000
Repayments of borrowings on revolving credit facilities (307,580) (117,430) (12,000)
Payments to purchase common stock (19,270) (18,780) (36,920)
Shares surrendered upon exercise and vesting of equity awards to cover taxes (1,760) (2,700) (2,380)
Dividends paid (6,630) (6,700) (6,880)
Other financing activities (2,330) (3,320) 0
Net cash provided by (used for) financing activities (28,640) (30,940) (46,180)
Increase (decrease) for the year (11,820) (77,200) (28,650)
At beginning of year 34,890 112,090 140,740
At end of year 23,070 34,890 112,090
Supplemental disclosure of cash flow information:      
Cash paid for interest 18,730 14,320 12,960
Cash paid for income taxes $ 11,870 $ 16,770 $ 20,060