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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows provided by operating activities    
Net income $ 16,546 $ 31,251
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 31,776 33,317
Amortization of deferred financing charges 322 322
Deferred income tax provision 242 7,006
Share-based compensation 5,188 4,143
Changes in assets and liabilities:    
Accounts receivable (3,655) (2,272)
Inventories 9,913 (23,094)
Other current assets (11,042) (9,362)
Accounts payable (18,060) (1,167)
Other current liabilities 5,041 10,291
Other long-term assets and liabilities, net (11,608) (15,071)
Net cash provided by operating activities 24,663 35,364
Cash flows used for investing activities:    
Capital expenditures (25,576) (47,800)
Net cash used for investing activities (25,576) (47,800)
Cash flows provided by financing activities:    
Long-term debt borrowings 51,000 86,000
Long-term debt repayments (11,000) (51,000)
Restricted stock forfeitures (235) (251)
Dividends paid (28,318) (28,197)
Net cash provided by financing activities 11,447 6,552
Effect of foreign exchange rate changes on cash and cash equivalents 0 181
Net change in cash 10,534 (5,703)
Cash and cash equivalents at beginning of period 20,197 28,782
Cash and cash equivalents at end of period 30,731 23,079
Non-cash investing and financing activities:    
Accrued additions to plant assets $ 5,242 $ 5,073