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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net income (loss) for the year $ 1,164 $ (97,412) $ 89,575
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:      
Depreciation 25,984 25,989 21,886
Amortization of intangibles 22,858 21,981 20,471
Net gain on sale of assets and business divestiture (1,594) (1,567) (109)
Loss on debt extinguishment 9,504 396 165
Deferred income taxes (8,147) 5,016 3,420
Stock-based compensation 7,059 4,509 9,036
Non-cash interest expense 1,082 1,112 1,045
Impairment 29,163 107,114 0
Accounts receivable (80,879) 71,436 8,327
Inventories (74,804) 21,099 (2,510)
Prepaid expenses and other 8,570 (2,875) (3,809)
Accounts payable and accrued liabilities 54,862 (28,266) (817)
Other, net (2,292) (4,398) (396)
Net cash (used in) provided by operating activities (7,470) 124,134 146,284
Cash flows from investing activities:      
Capital expenditures (49,105) (20,131) (37,645)
Proceeds from sale of assets and business divestiture 22,029 17,115 785
Net cash used in investing activities (27,076) (3,016) (36,860)
Cash flows from financing activities:      
Proceeds from exercise of stock options 2,228 1,273 848
Dividends paid (16,435) (17,324) (17,797)
Borrowings under revolving credit facilities 50,823 45,794 619
Payments under revolving credit facilities (17,788) (45,794) (619)
Principal payments under finance lease obligations (319) (327) (308)
Borrowings under new senior notes 400,000 0 0
Principal payments against old senior notes (315,000) (10,000) 0
Borrowings under term loan credit facility, net of original issuance discount 0 148,500 0
Principal payments under term loan credit facility (138,835) (146,393) (50,470)
Debt issuance costs paid (9,296) (791) (164)
Stock repurchases (66,731) (18,895) (33,707)
Net cash used in financing activities (111,353) (43,957) (101,598)
Cash, cash equivalents, and restricted cash:      
Net (decrease) increase in cash, cash equivalents, and restricted cash (145,899) 77,161 7,826
Cash, cash equivalents, and restricted cash at beginning of period 217,677 140,516 132,690
Cash, cash equivalents, and restricted cash at end of period 71,778 217,677 140,516
Supplemental disclosures of cash flow information:      
Cash paid for interest 22,040 23,411 26,234
Net (refunds received) cash paid for income taxes $ (467) $ (4,670) $ 20,379