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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities      
Net income $ 25,140 $ 35,343 $ 40,182
Adjustments to reconcile net income to net cash flows:      
Depreciation 21,604 21,559 23,118
Amortization of intangible assets 8,294 8,562 9,019
Amortization of deferred financing costs 802 1,366 927
Loss(Gain) on foreign currency, net 259 (395) (157)
Amortization of inventory fair value adjustment     2,376
Accretion of debt discount, net 4,005 3,694 3,407
Loss on disposals and impairments 8,273 2,003 (92)
Loss on extinguishment of debt 1,989    
(Benefit) provision for deferred taxes (2,850) (170) 2,712
Stock based compensation 4,230 4,004 3,101
Changes in assets and liabilities:      
Trade receivables (4,140) 7,223 (1,050)
Inventories 2,324 6,049 5,402
Accounts payable and accrued liabilities 4,333 2,816 (6,055)
Other current assets and liabilities 529 (3,343) 860
Other operating assets and liabilities 1,849 (1,895) 749
Net cash provided by operating activities 76,641 86,816 84,499
Cash flows from investing activities      
Purchase of property, plant and equipment (18,941) (22,906) (28,050)
Proceeds from sale of property   1,201 848
Acquisition of Stromag and Guardian businesses, net of cash acquired (187,967)   (15,092)
Net cash used in investing activities (206,908) (21,705) (42,294)
Cash flows from financing activities      
Payment of debt issuance costs (650) (1,006)  
Payments on term loan facility   (130,063) (23,247)
Payments on Revolving Credit Facility (31,861) (14,998) (9,190)
Dividend payments (11,667) (14,928) (15,033)
Borrowing under Revolving Credit Facility 200,579 120,036 8,000
Payments of equipment, working capital notes, mortgages and other debt (3,308) (3,864) (2,236)
Proceeds from equipment, working capital notes, mortgages and other debt 2,729 8,398 6,517
Shares surrendered for tax withholding (1,337) (1,182) (1,158)
Purchase of non-controlling interest in Lamiflex   (878)  
Purchases of common stock under share repurchase program (4,713) (17,298) (17,618)
Net cash provided by financing activities 149,772 (55,783) (53,965)
Effect of exchange rate changes on cash and cash equivalents (707) (6,511) (4,341)
Net change in cash and cash equivalents 18,798 2,817 (16,101)
Cash and cash equivalents at beginning of year 50,320 47,503 63,604
Cash and cash equivalents at end of period 69,118 50,320 47,503
Cash paid during the period for:      
Interest 7,161 7,237 7,618
Income taxes 10,855 15,729 31,631
Non-cash Financing and Investing:      
Acquisition of property, plant and equipment included in accounts payable 459 $ 1,129 1,642
Conversion of convertible senior notes to common stock $ 45,286    
Acquisition of property, plant and equipment through capital leases     $ 539