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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating activities      
Net income (loss) $ (100,639) $ 93,221 $ 192,008
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 40,974 31,857 30,477
Stock-based compensation expense 14,270 12,217 13,125
Impairment and other non-cash charges 60,968 0 0
Loss (gain) on sale of equipment (168) (103) 69
Deferred income taxes 17,231 (3,400) (3,465)
Changes in operating assets and liabilities:      
Trade receivables, net 26,112 106,544 36,729
Inventories, net 37,642 7,873 28,539
Prepaids and other assets 10,107 9,816 (17,883)
Excess tax benefits of stock options and awards 0 (135) (70)
Accounts payable and accrued expenses 1,765 (11,368) (89,374)
Other, net (269) 0 0
Net cash provided by operating activities 107,993 246,522 190,155
Investing activities      
Purchase of property, plant and equipment (27,622) (25,763) (27,079)
Proceeds from sale of equipment 3,170 357 424
Acquisition of business, net of cash acquired (20,440) (132,443) 0
Net cash used in investing activities (44,892) (157,849) (26,655)
Financing activities      
Proceeds from exercise of stock options 560 2,206 2,170
Excess tax benefits of stock options and awards 0 135 70
Repurchase of common shares 0 (24,234) (75,805)
Net cash used in financing activities 560 (21,893) (73,565)
Effect of exchange rate changes on cash activities 6,022 (24,619) (7,304)
Increase (decrease) in cash and cash equivalents 69,683 42,161 82,631
Cash and cash equivalents at beginning of year 423,497 381,336 298,705
Cash and cash equivalents at end of year $ 493,180 $ 423,497 $ 381,336