XML 17 R6.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities    
Net income (loss) $ 15,469 $ (106,793)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities    
Depreciation 12,881 11,657
Amortization of intangibles 11,597 10,988
Net gain on sale of property, plant and equipment and business divestiture (2,043) (1,690)
Loss on debt extinguishment 452 0
Deferred income taxes (1,799) (2,648)
Stock-based compensation 4,216 416
Impairment 817 107,114
Non-cash interest expense 591 535
Accounts receivable (25,758) 48,785
Inventories (89,733) (14,154)
Prepaid expenses and other 2,500 (8,195)
Accounts payable and accrued liabilities 56,074 (22,126)
Other, net 1,650 (1,235)
Net cash (used in) provided by operating activities (13,086) 22,654
Cash flows from investing activities    
Capital expenditures (11,063) (10,921)
Proceeds from the sale of assets and business divestiture 20,978 2,725
Net cash provided by (used in) investing activities 9,915 (8,196)
Cash flows from financing activities    
Proceeds from exercise of stock options 1,450 0
Dividends paid (8,437) (8,742)
Borrowings under revolving credit facilities 232 45,449
Payments under revolving credit facilities (232) (45,449)
Principal payments under finance lease obligations (172) (162)
Principal payments under term loan credit facility (30,000) 0
Debt issuance costs paid 0 (12)
Stock repurchases (41,302) (10,065)
Net cash used in financing activities (78,461) (18,981)
Cash and cash equivalents:    
Net decrease in cash, cash equivalents, and restricted cash (81,632) (4,523)
Cash, cash equivalents, and restricted cash at beginning of period 217,677 140,516
Cash, cash equivalents, and restricted cash at end of period 136,045 135,993
Supplemental disclosures of cash flow information:    
Cash paid for interest 11,508 11,732
Refunds received for income taxes $ (247) $ (520)