Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.20.4
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash Flows from Operating Activities      
Net (Loss) Income $ (115,781,000) $ 52,017,000 $ 46,803,000
Adjustments to Reconcile Net (Loss) Income to Cash from Operating Activities, Excluding the Effects of Acquisitions and Divestitures:      
Depreciation and Amortization 31,854,000 33,049,000 35,032,000
Provision for Losses on Inventory and Receivables 6,079,000 16,947,000 3,271,000
Equity-based Compensation Expense 5,184,000 3,843,000 3,098,000
Deferred Tax Expense (Benefit) 15,553,000 (14,385,000) (2,680,000)
Operating Lease Non-cash Expense 4,500,000 4,208,000 0
Net Gain on Sale of Businesses, Before Taxes 0 (78,801,000) 0
Impairment Loss 87,016,000 11,083,000 0
Accrued Litigation Claim 0 19,619,000 1,000,000
Equity Investment Other Than Temporary Impairment 3,493,000 5,000,000 0
Restructuring Activities 1,173,000 6,539,000 0
Deferral of Federal Payroll Taxes 5,877,000 0 0
Other 2,157,000 1,610,000 (668,000)
Cash Flows from Changes in Operating Assets and Liabilities:      
Accounts Receivable 53,928,000 34,083,000 (47,291,000)
Inventories (13,614,000) (12,711,000) (14,695,000)
Prepaid Expenses and Other Current Assets (45,000) (1,160,000) 464,000
Accounts Payable (9,930,000) (16,617,000) 9,171,000
Accrued Expenses (17,667,000) (10,737,000) 8,177,000
Income Taxes Payable/Receivable (10,440,000) 3,371,000 (4,460,000)
Customer Advanced Payments and Deferred Revenue (7,043,000) (11,919,000) 15,735,000
Operating Lease Liabilities (4,556,000) (3,840,000) 0
Supplemental Retirement Plan and Other Liabilities (403,000) 1,490,000 1,924,000
Cash Flows from Operating Activities 37,335,000 42,689,000 54,881,000
Cash Flows from Investing Activities      
Acquisitions of Businesses, Net of Cash Acquired 0 (28,907,000) 0
Proceeds from Sale of Businesses 0 104,877,000 0
Capital Expenditures (7,459,000) (12,083,000) (16,317,000)
Other Investing Activities 1,662,000 743,000 (3,350,000)
Cash Flows from Investing Activities (5,797,000) 64,630,000 (19,667,000)
Cash Flows from Financing Activities      
Proceeds From Long-term Debt 155,000,000 117,000,000 35,015,000
Principal Payments on Long-term Debt (170,228,000) (156,107,000) (72,834,000)
Purchase of Outstanding Shares for Treasury (7,732,000) (50,784,000) 0
Debt Acquisition Costs (360,000) 0 (516,000)
Stock Options Activity 666,000 (545,000) 2,201,000
Finance Lease Principal Payments (1,922,000) (1,746,000) 0
Cash Flows From Financing Activities (24,576,000) (92,182,000) (36,134,000)
Effect of Exchange Rates on Cash 1,544,000 147,000 (372,000)
Increase (Decrease) in Cash and Cash Equivalents 8,506,000 15,284,000 (1,292,000)
Cash and Cash Equivalents at Beginning of Year 31,906,000 16,622,000 17,914,000
Cash and Cash Equivalents at End of Year 40,412,000 31,906,000 16,622,000
Supplemental Cash Flow Information:      
Interest Paid 5,829,000 5,707,000 9,710,000
Income Taxes (Refunded) Paid, Net of Refunds $ (1,536,000) $ 27,343,000 $ 12,218,000