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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net (loss) income $ (3,590) $ 83,706 $ 179,186
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 60,704 42,434 42,747
Loss on sale of the Australian wheel business 0 0 10,890
Deferred income tax benefit (6,358) (2,081) (23,385)
Income on indirect taxes 0 (3,096) (32,043)
Gain on fixed asset and investment sale (425) (644) (216)
Stock-based compensation 5,404 5,235 4,282
Issuance of stock under 401(k) plan 1,326 1,776 1,627
Gain from property insurance settlement (3,537) 0 0
Foreign currency (gain) loss (506) 19,734 2,661
(Increase) decrease in assets, net of acquisition:      
Accounts receivable 73,825 42,871 (27,201)
Inventories 51,481 31,635 (19,598)
Prepaid and other current assets 12,106 17,596 11,366
Other assets (5,482) (2) (1,288)
Increase (decrease) in liabilities, net of acquisition:      
Accounts payable (29,169) (62,725) (7,754)
Other current liabilities (15,290) 872 18,888
Other liabilities 998 2,039 516
Net cash provided by operating activities 141,487 179,350 160,678
Cash flows from investing activities:      
Capital expenditures (65,624) (60,799) (46,974)
Business acquisition, net of cash acquired (143,643) 0 0
Proceeds from sale of investments 1,791 2,085 9,293
Proceeds from property insurance settlement 3,537 0 0
Other investing activities 2,341 1,791 930
Net cash used for investing activities (201,598) (56,923) (36,751)
Cash flows from financing activities:      
Proceeds from borrowings 213,199 6,666 88,940
Payment on debt (70,291) (27,608) (124,739)
Payment of debt issuance costs (3,115) 0 0
Other financing activities (1,223) (2,495) (511)
Net cash provided by (used for) financing activities 64,551 (56,016) (61,310)
Effect of exchange rate changes on cash (28,717) (5,737) (1,148)
Net (decrease) increase in cash and cash equivalents (24,277) 60,674 61,469
Cash and cash equivalents, beginning of year 220,251 159,577 98,108
Cash and cash equivalents, end of year 195,974 220,251 159,577
Supplemental information:      
Interest paid 37,179 30,269 31,604
Income taxes paid, net of refunds received 20,360 21,801 24,105
Non cash financing activity:      
Issuance of common stock in connection with business acquisition 168,693 0 0
Related Party      
Cash flows from financing activities:      
Repurchase of common stock (57,636) 0 0
Nonrelated Party      
Cash flows from financing activities:      
Repurchase of common stock $ (16,383) $ (32,579) $ (25,000)