v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities    
Net income $ 29,032 $ 71,065
Adjustments to reconcile net income to operating cash flows:    
Depreciation and amortization 62,409 85,278
Share-based compensation expense 4,572 4,961
Non-cash interest expense 2,939 3,101
Gain on sale or disposal of assets, net (7,550) (22,264)
Loss on early extinguishment of debt 75 1,457
Asset impairments 0 2,075
Pension and other postretirement benefit obligations (6,977) (6,222)
Equity income in unconsolidated investees, net (1,207) (1,034)
Change in other assets and liabilities, net (28,659) (82,554)
Cash provided by operating activities 54,634 55,863
Investing activities    
Purchase of property, plant and equipment (28,690) (28,604)
Proceeds from sale of real estate and other assets 9,286 50,247
Proceeds from the sale of investments 0 6,161
Cash (used for) provided by investing activities (19,404) 27,804
Financing activities    
Payments of deferred financing costs 0 (966)
Borrowings of long-term debt 14,652 15,000
Repayments of long-term debt (21,710) (97,879)
Repurchase of convertible debt 0 (14,647)
Payment to former partner (28,475) 0
Treasury stock (2,744) (3,064)
Changes in other financing activities (5) (607)
Cash used for financing activities (38,282) (102,163)
Effect of currency exchange rate change on cash (518) (1,520)
Decrease in cash, cash equivalents and restricted cash (3,570) (20,016)
Cash, cash equivalents and restricted cash at beginning of period 97,812 116,181
Cash, cash equivalents and restricted cash at end of period $ 94,242 $ 96,165