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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating activities      
Net income (loss) $ 6,937 $ 21,298 $ (21,541)
Income from discontinued operations, net of tax (216) (515) (3,670)
Adjustments to reconcile to net cash provided by operating activities:      
Depreciation, depletion and amortization 61,421 56,600 50,820
Amortization of debt issue costs and original issue discount 865 590 1,672
Pension settlement charge 0 0 75,326
Asset impairment charge 0 900 0
Deferred income tax benefit (13,619) (2,071) (22,971)
Gains on dispositions of plant, equipment and timberlands, net (5,069) (1,332) (2,060)
Share-based compensation 5,063 5,655 3,583
Change in operating assets and liabilities      
Accounts receivable (14,794) 9,563 (5,473)
Inventories (40,019) 6,860 (17,387)
Prepaid and other current assets 5,770 1,679 (2,833)
Accounts payable 65,828 (7,234) 10,337
Accruals and other current liabilities (4,165) 12,143 (19,536)
Pension assets received 0 0 53,401
Other 2,975 4,857 3,167
Net cash provided by operating activities 70,977 108,993 102,835
Investing activities      
Expenditures for purchases of plant, equipment and timberlands (30,037) (28,136) (27,765)
Proceeds from disposals of plant, equipment and timberlands, net 5,567 1,413 2,198
Acquisitions, net of cash acquired (464,856) 0 (1,383)
Other investing (440) (50) (163)
Net cash used by investing activities (489,766) (26,773) (27,113)
Financing activities      
Proceeds from note offerings 500,000 0 0
Proceeds from term loans 46,849 0 248,644
Repayment of term loans (26,088) (23,246) (16,660)
Repayments of note offerings 0 0 (250,000)
Net repayments under revolving credit facility (23,481) (53,392) (28,062)
Payments of borrowing costs (10,132) (39) (2,204)
Payments of dividends (24,458) (23,492) (22,936)
Proceeds from government grants 479 358 0
Payments related to share-based compensation awards and other (817) (495) (1,556)
Net cash provided (used) by financing activities 462,352 (100,306) (72,774)
Effect of exchange rate changes on cash (5,418) 5,163 (269)
Net increase (decrease) in cash, cash equivalents and restricted cash 38,145 (12,923) 2,679
Change in cash and cash equivalents from discontinued operations (996) (1,613) (19,163)
Cash, cash equivalents and restricted cash at the beginning of period 111,665 126,201 142,685
Cash, cash equivalents and restricted cash at the end of period 148,814 111,665 126,201
Less: restricted cash in Prepaid and other current assets (2,000) (2,000) 0
Less: restricted cash in Other assets (8,378) (10,084) 0
Cash and cash equivalents at the end of period 138,436 99,581 126,201
Cash paid (refunded) for:      
Interest, net of amounts capitalized 6,957 6,180 10,208
Income taxes, net $ 15,500 $ (9,993) $ 14,242