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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash Flows From Operating Activities:      
Net income $ 55,900 $ 30,800 $ 33,100
Loss from discontinued operations, net of income taxes 100 0 900
Income from continuing operations 56,000 30,800 34,000
Adjustments to reconcile net income from continuing operations to cash provided by operating activities of continuing operations:      
Depreciation 20,000 19,100 20,600
Amortization 9,600 6,200 4,400
Stock-based compensation 7,200 7,300 6,900
Pension and other post-retirement benefits expense (1,400) 2,700 1,300
Deferred income taxes 5,800 4,900 5,700
Other 100 (900) (3,500)
Changes in operating assets and liabilities, net of effects of acquisitions:      
Trade receivables, net (11,300) 9,800 800
Inventories 15,600 7,700 (9,600)
Accounts payable, trade and other 10,400 2,100 (1,900)
Advance payments and progress billings 26,900 1,400 14,100
Accrued pension and other post-retirement benefits, net (14,300) (19,900) (10,700)
Other assets and liabilities, net (12,400) 6,800 1,000
Cash provided by continuing operating activities 112,200 78,000 63,100
Net cash required by discontinued operating activities (300) (300) (1,100)
Cash provided by operating activities 111,900 77,700 62,000
Cash Flows From Investing Activities:      
Acquisitions, net of cash acquired (150,900) (91,300) 0
Capital expenditures (37,700) (36,700) (29,200)
Proceeds from disposal of assets 1,500 1,400 1,100
Proceeds from property available for sale 2,000 0 0
Cash required by investing activities (185,100) (126,600) (28,100)
Cash Flows From Financing Activities:      
Net increase (decrease) in short-term debt (1,500) 1,500 (300)
Cash provided by refinancing credit facility 183,700 0 0
Cash payments to settle existing credit facility (183,700) 0 0
Net borrowings (payments) on credit facilities 184,300 77,500 (97,000)
Issuance of long-term debt 0 4,500 8,000
Cash payments to settle private placement debt (75,000) 0 0
Repayment of long-term debt (1,400) (5,600) (200)
Excess tax benefits 2,200 1,000 500
Tax witholdings on stock-based compensation awards (5,800) (3,600) (2,300)
Purchase of treasury stock (7,700) (2,800) (200)
Dividends (11,200) (10,700) (10,100)
Other 0 100 0
Cash provided (required) by financing activities 83,900 61,900 (101,600)
Effect of foreign exchange rate changes on cash and cash equivalents (6,800) (9,100) (1,900)
Increase (decrease) in cash and cash equivalents 3,900 3,900 (69,600)
Cash and cash equivalents, beginning of period 33,300 29,400 99,000
Cash and cash equivalents, end of period 37,200 33,300 29,400
Supplemental Cash Flow Information:      
Interest paid 7,700 7,700 6,700
Income taxes paid $ 13,800 $ 8,200 $ 7,700