v3.25.2
Statements of Consolidated Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
OPERATING ACTIVITIES    
Net income $ 24,253 $ 18,970
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation and amortization 11,083 10,660
Deferred income taxes (806) (1,913)
Share-based compensation expense 2,598 1,317
Gain on sale of property and equipment (18) (1,852)
Other, net 1,043 467
Changes in operating assets and liabilities (5,570) 6,398
NET CASH PROVIDED BY OPERATING ACTIVITIES 32,583 34,047
INVESTING ACTIVITIES    
Capital expenditures (19,354) (7,646)
Proceeds from the sale of property and equipment 97 3,365
Proceeds from sale of investments 1,679 0
Purchases of investments (451) 0
Acquisition of businesses, net of cash (4,180) 0
NET CASH USED IN INVESTING ACTIVITIES (22,209) (4,281)
FINANCING ACTIVITIES    
(Payments) proceeds of notes payable to banks (3,436) 163
Proceeds from long-term debt 10,837 53,099
Payments of long-term debt (1,563) (76,219)
Dividends paid (2,152) (2,114)
Proceeds from issuance of common shares 160 61
Stock incentive plan payments (3,799) 0
Purchase of common shares for treasury (131) (113)
Purchase of common shares for treasury from related parties (3,232) (5,908)
Other (1,474) (2,473)
NET CASH USED IN FINANCING ACTIVITIES (4,790) (33,504)
Effects of exchange rate changes on cash, cash equivalents and restricted cash 4,080 (2,445)
Net increase (decrease) in cash, cash equivalents and restricted cash 9,664 (6,183)
Cash, cash equivalents and restricted cash at beginning of year 57,244 53,607
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD $ 66,908 $ 47,424