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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating activities      
Net income (loss) $ (95,695) $ (100,639) $ 93,221
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 35,312 40,974 31,857
Stock-based compensation expense 13,459 14,270 12,217
Impairment and other non-cash charges 98,602 60,968 0
Loss (gain) on sale of equipment (6,198) (168) (103)
Deferred income taxes (4,091) 17,231 (3,400)
Changes in operating assets and liabilities:      
Trade receivables, net (11,855) 26,112 106,544
Inventories, net 49,926 37,642 7,873
Prepaids and other assets (15,084) 10,107 9,816
Excess tax benefits of stock options and awards 0 0 (135)
Accounts payable and accrued expenses (18,755) 1,765 (11,368)
Other, net (118) (269) 0
Net cash provided by operating activities 45,503 107,993 246,522
Investing activities      
Purchase of property, plant and equipment (32,061) (27,622) (25,763)
Proceeds from sale of equipment 16,888 3,170 357
Acquisition of business, net of cash acquired 0 (20,440) (132,443)
Net cash used in investing activities (15,173) (44,892) (157,849)
Financing activities      
Proceeds from exercise of stock options 1,616 560 2,206
Excess tax benefits of stock options and awards 0 0 135
ABL Credit Facility issuance costs (815) 0 0
Repurchase of common shares (100,000) 0 (24,234)
Net cash used in financing activities (99,199) 560 (21,893)
Effect of exchange rate changes on cash activities (6,211) 6,022 (24,619)
Increase (decrease) in cash and cash equivalents (75,080) 69,683 42,161
Cash and cash equivalents at beginning of year 493,180 423,497 381,336
Cash and cash equivalents at end of year $ 418,100 $ 493,180 $ 423,497