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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities    
Net Income $ 18,159 $ 19,015
Adjustments to reconcile net income to net cash flows:    
Depreciation 10,487 10,832
Amortization of intangible assets 4,262 4,300
Amortization of deferred financing costs 393 468
Gain on foreign currency, net (100) (125)
Accretion of debt discount, net 1,962 1,810
Loss on disposal / impairment of fixed assets 411 1,127
Stock based compensation 2,312 2,215
Changes in assets and liabilities:    
Trade receivables (8,890) (13,320)
Inventories 238 2,742
Accounts payable and accrued liabilities 1,470 2,262
Other current assets and liabilities (698) 74
Other operating assets and liabilities 526 (1,286)
Net cash provided by operating activities 30,532 30,114
Cash flows from investing activities    
Purchase of property, plant and equipment (10,861) (13,482)
Net cash used in investing activities (10,861) (13,482)
Cash flows from financing activities    
Payments on term loan facility 0 (11,445)
Payments on Revolving Credit Facility (26,507) (2,000)
Dividend payments (3,903) (3,178)
Proceeds from equipment and working capital notes 0 1,100
Borrowing under Revolving Credit Facility 0 6,000
Payments of equipment and working capital notes (2,477) (2,396)
Proceeds from mortgages and other debt 3,112 3,012
Shares surrendered for tax withholding (103) (128)
Payments on mortgages and other debt (68) (254)
Purchase of non-controlling interest in Lamiflex 0 (878)
Purchases of common stock under share repurchase program (4,391) (8,006)
Net cash used in financing activities (34,337) (18,173)
Effect of exchange rate changes on cash and cash equivalents (1,324) (3,685)
Net change in cash and cash equivalents (15,990) (5,226)
Cash and cash equivalents at beginning of year 50,320 47,503
Cash and cash equivalents at end of period 34,330 42,277
Cash paid during the period for:    
Interest 3,584 3,795
Income taxes $ 5,176 $ 7,096