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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities    
Net income $ 28,008 $ 25,710
Adjustments to reconcile net income to net operating cash flows:    
Depreciation 13,779 12,930
Amortization of intangible assets 4,900 4,685
Amortization of deferred financing costs 299 299
Loss on foreign currency, net 4 132
Loss on settlement of pension plan 5,086  
(Gain)/Loss on disposal / impairment of fixed assets 298 (74)
Loss on extinguishment of debt   1,797
Stock based compensation 2,680 3,153
Amortization of inventory fair value adjustment   2,347
Changes in assets and liabilities:    
Trade receivables (12,971) (12,812)
Inventories (5,478) (1,473)
Accounts payable and accrued liabilities 2,024 (9,212)
Other current assets and liabilities (3,956) (1,146)
Other operating assets and liabilities (5,564) (380)
Net cash provided by operating activities 29,109 25,956
Cash flows from investing activities    
Purchase of property, plant and equipment (14,936) (14,416)
Net cash used in investing activities (17,599) (11,533)
Working capital settlement from prior year acquisitions   2,883
Acquisition of Aluminum Die Casting, S.r.L. (2,663)  
Cash flows from financing activities    
Payments on Revolving Credit Facility (24,449) (24,054)
Dividend payments (9,972) (8,300)
Borrowing under Revolving Credit Facility 11,000 5,000
Payments of equipment, working capital notes, mortgages, and other debts (568) (505)
Cash paid to redeem Convertible Notes   (954)
Shares surrendered for tax withholding (1,490) (386)
Net cash used in financing activities (25,479) (29,199)
Effect of exchange rate changes on cash and cash equivalents 89 4,639
Net change in cash and cash equivalents (13,880) (10,137)
Cash and cash equivalents at beginning of year 51,994 69,118
Cash and cash equivalents at end of period 38,114 58,981
Cash paid during the period for:    
Interest 3,636 3,752
Income taxes $ 8,120 11,802
Non-cash Financing and Investing    
Conversion of Convertible Notes to common stock   $ 51,851