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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities    
Net Income $ 38,987 $ 23,472
Adjustments to reconcile net income to net operating cash flows:    
Depreciation 19,764 16,235
Amortization of intangible assets 7,139 6,384
Amortization of deferred financing costs 449 590
Loss/(Gain) on foreign currency, net 241 (130)
Accretion of debt discount, net   2,970
(Gain)/Loss on disposal / impairment of fixed assets (36) 582
Loss on extinguishment of convertible debt 1,797  
Stock based compensation 4,543 3,370
Amortization of inventory fair value adjustment 2,347  
Changes in assets and liabilities:    
Trade receivables (9,701) (10,461)
Inventories (9,478) (837)
Accounts payable and accrued liabilities (8,799) 3,226
Other current assets and liabilities (2,392) 728
Other operating assets and liabilities (1,572) 765
Net cash provided by operating activities 43,289 46,894
Cash flows from investing activities    
Purchase of property, plant and equipment (23,261) (15,684)
Proceeds from sale of Altra Industrial Motion Changzhou 3,221  
Working capital settlement from prior year acquisitions 2,883  
Net cash used in investing activities (17,157) (15,684)
Cash flows from financing activities    
Payments on 2015 Revolving Credit Facility (39,036) (30,870)
Dividend payments (13,256) (7,784)
Borrowing under 2015 Revolving Credit Facility 7,000 3,000
Payments of equipment and working capital notes (913) (3,181)
Cash paid to redeem Convertible Notes (954)  
Proceeds from mortgages and other debt   2,893
Shares surrendered for tax withholding (2,089) (1,288)
Purchases of common stock under share repurchase program   (4,713)
Net cash used in financing activities (49,248) (41,943)
Effect of exchange rate changes on cash and cash equivalents 7,149 178
Net change in cash and cash equivalents (15,967) (10,555)
Cash and cash equivalents at beginning of year 69,118 50,320
Cash and cash equivalents at end of period 53,151 39,765
Cash paid during the period for:    
Interest 5,413 5,856
Income taxes 18,505 $ 7,665
Non-cash Financing and Investing    
Conversion of Convertible Notes to common stock $ 51,851