Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

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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) $ (63,600,000) $ (58,500,000) $ (163,000,000.0)
Adjustments to reconcile net (loss) to net cash (used for) provided by operating activities:      
Depreciation and amortization 47,800,000 50,700,000 55,100,000
(Gain) loss on disposal of discontinued operations 0 (10,400,000) 153,800,000
Inventory write down 0 13,600,000 0
Deferred income taxes (1,600,000) 1,100,000 2,400,000
Stock-based compensation 2,700,000 1,200,000 5,400,000
Gains from postretirement plan changes (2,900,000) 0 0
U.S. pension expense 3,800,000 5,600,000 6,800,000
Write off of debt financing costs 0 800,000 600,000
Other non-cash adjustments, net 300,000 200,000 (800,000)
Changes in operating assets and liabilities:      
Receivables (2,700,000) 2,900,000 16,300,000
Inventories (9,700,000) 14,100,000 (39,400,000)
Accounts payable and accrued expenses 5,000,000.0 (26,000,000.0) 16,800,000
Income taxes payable and receivable 900,000 (500,000) 2,800,000
Other assets and liabilities (8,200,000) (800,000) 5,700,000
Net cash (used for) provided by operating activities (28,200,000) (6,000,000.0) 62,500,000
Cash flows from investing activities:      
Purchases of property, plant and equipment (22,800,000) (28,900,000) (35,300,000)
Proceeds from the sale of assets 1,700,000 1,400,000 5,700,000
Net (payments) proceeds related to sale of discontinued operations 0 (1,900,000) 90,200,000
Net cash (used for) provided by investing activities (21,100,000) (29,400,000) 60,600,000
Cash flows from financing activities:      
Proceeds from revolving credit facility and other short-term debt 58,200,000 47,200,000 82,000,000.0
Payments on revolving credit facility and other short-term debt (85,100,000) (30,000,000.0) (142,000,000.0)
Issuance of long-term debt 70,000,000.0 0 75,000,000.0
Payments of long-term debt (300,000) (75,300,000) 0
Financing costs (7,700,000) (800,000) (700,000)
Payments on capital lease 0 0 (200,000)
Purchases of treasury stock 0 (51,400,000) (1,000,000.0)
Proceeds from exercised stock options 0 100,000 800,000
Value of shares withheld related to employee tax withholding (100,000) (900,000) (600,000)
Net cash provided by financing activities 35,000,000.0 (111,100,000) 13,300,000
Effect of exchange rate changes on cash and cash equivalents 900,000 (200,000) (1,600,000)
Net (decrease) increase in cash and cash equivalents (13,400,000) (146,700,000) 134,800,000
Cash and cash equivalents at beginning of year 27,100,000 173,800,000 39,000,000.0
Cash and cash equivalents at end of year 13,700,000 27,100,000 173,800,000
Cash and cash equivalents at end of year of continuing operations 13,700,000 27,100,000 173,800,000
Supplemental Cash Flow Disclosure:      
Amounts in accounts payable for capital expenditures 5,900,000 5,600,000 8,500,000
Interest Paid, Excluding Capitalized Interest, Operating Activities 6,200,000 3,100,000 3,400,000
Income taxes (refunded) paid, net $ 100,000 $ 1,000,000.0 $ (1,400,000)