XML 17 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Operating activities    
Net income $ 110 $ 72,906
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 22,713 15,500
Stock-based compensation expense 6,783 6,254
Loss (gain) on sale of equipment (88) (29)
Deferred income taxes (1,486) (3,828)
Changes in operating assets and liabilities:    
Trade receivables, net (4,823) 64,200
Inventories 29,246 763
Prepaids and other assets 4,471 20,658
Excess tax benefits of stock options and awards 0 (26)
Accounts payable and accrued expenses (18,226) (13,537)
Net cash provided by operating activities 38,700 162,861
Investing activities    
Purchase of property, plant and equipment (12,936) (15,276)
Proceeds from sale of equipment 610 139
Acquisition of business, net of cash acquired (21,289) 0
Net cash used in investing activities (33,615) (15,137)
Financing activities    
Repurchase of common stock 0 24,238
Proceeds from exercise of stock options 403 508
Excess tax benefits of stock options and awards 0 26
Net cash used in financing activities 403 (23,704)
Effect of exchange rate changes on cash activities 8,002 (13,627)
Increase (decrease) in cash and cash equivalents 13,490 110,393
Cash and cash equivalents at beginning of period 423,497 381,336
Cash and cash equivalents at end of period $ 436,987 $ 491,729