Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2022
Jun. 30, 2021
Dec. 31, 2021
Cash flows from operating activities:              
Net income (loss) $ 19,245 $ 7,875 $ (1,350) $ (92,518) $ 27,120 $ (93,868)  
Net loss from discontinued operations 0   (6,520)   0 83,250  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:              
Depreciation 16,142   17,529   32,153 33,533  
Amortization         7,051 5,952  
Amortization of deferred financing costs and original issue discount         1,002 730  
Debt extinguishment costs         0 5,981  
Foreign currency exchange loss         1,148 3,882  
Pension and postretirement healthcare benefit         (1,106) (1,190)  
Deferred income tax provision         11,285 4,279  
Net loss on asset disposals 573   1,601   706 2,379  
Stock compensation         12,679 12,644  
Equity in net income from affiliated companies (8,504)   (6,755)   (14,253) (11,965)  
Dividends received from affiliated companies         30,000 10,000  
Other, net         (3,258) (3,270)  
Working capital changes that provided (used) cash, excluding the effect of acquisitions and dispositions:              
Receivables         (33,152) (18,376)  
Inventories         (3,091) 5,501  
Prepaids and other current assets         (47) (1,756)  
Accounts payable         9,671 2,619  
Accrued liabilities         (25,053) (3,104)  
Net cash provided by operating activities, continuing operations         52,855 37,221  
Net cash provided by operating activities, discontinued operations         0 12,077  
Net cash provided by operating activities         52,855 49,298  
Cash flows from investing activities:              
Purchases of property, plant and equipment         (25,835) (28,039)  
Payments for business divestiture         (3,744) 0  
Business combinations, net of cash acquired         0 (41,994)  
Other, net         81 0  
Net cash used in investing activities, continuing operations         (29,498) (70,033)  
Net cash used in investing activities, discontinued operations         0 (32,010)  
Net cash used in investing activities         (29,498) (102,043)  
Cash flows from financing activities:              
Issuance of long-term debt, net of discount         0 897,750  
Debt issuance costs         0 (1,293)  
Repayments of long-term debt         (4,500) (900,000)  
Repurchases of common shares         (7,127) 0  
Tax withholdings on equity award vesting         (332) (1,470)  
Other, net         45 6  
Net cash used in financing activities, continuing operations         (11,914) (5,007)  
Net cash used in financing activities, discontinued operations         0 (1,117)  
Net cash used in financing activities         (11,914) (6,124)  
Effect of exchange rate changes on cash, cash equivalents and restricted cash         (1,104) (3,339)  
Net change in cash, cash equivalents and restricted cash         10,339 (62,208)  
Cash, cash equivalents and restricted cash at beginning of period   $ 140,889   $ 137,219 140,889 137,219 $ 137,219
Cash, cash equivalents and restricted cash at end of period 151,228   75,011   151,228 75,011 $ 140,889
Less: cash, cash equivalents, and restricted cash of discontinued operations 0   (17,603)   0 (17,603)  
Cash, cash equivalents and restricted cash at end of period of continuing operations $ 151,228   $ 57,408   $ 151,228 $ 57,408