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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 66,413 $ 55,786
Non-cash items included in net income from continuing operations:    
Depreciation and amortization 14,061 13,976
Income of investees, net of dividends (2,299) 1,779
Gains on asset disposals and impairments, net (8) 0
Recognition of losses for pension and postretirement plans 505 446
Stock-based compensation expense 4,461 3,412
Changes in assets and liabilities:    
Accounts receivable 16,943 (41,153)
Accounts payable 10,528 (14,003)
Contracts in progress and advance billings on contracts (74,153) (4,890)
Income taxes (5,502) (2,607)
Accrued and other current liabilities 364 (29,810)
Pension liability, accrued postretirement benefit obligation and employee benefits (48,929) (38,891)
Other, net (989) 1,279
NET CASH USED IN OPERATING ACTIVITIES (18,605) (54,676)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property, plant and equipment (17,634) (13,713)
Purchases of securities (1,033) (3,503)
Sales and maturities of securities 2,948 3,317
Investments, net of return of capital, in equity method investees 0 (1,701)
Proceeds from asset disposals 8 0
Other, net 0 691
NET CASH USED IN INVESTING ACTIVITIES (15,711) (14,909)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings under the Credit Agreement 0 73,600
Repayments under Credit Agreement (6,951) (30,476)
Dividends paid to common shareholders (15,947) (8,985)
Exercise of stock options 2,525 9,665
Cash paid for shares withheld to satisfy employee taxes (4,657) (4,973)
Other (226) (146)
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES (25,256) 38,685
EFFECTS OF EXCHANGE RATE CHANGES ON CASH (2,236) 1,013
TOTAL DECREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AND CASH EQUIVALENTS (61,808) (29,887)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 213,144 134,600
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AND CASH EQUIVALENTS AT END OF PERIOD 151,336 104,713
Cash paid during the period for:    
Interest 3,463 3,330
Income taxes (net of refunds) 24,370 27,082
SCHEDULE OF NON-CASH INVESTING ACTIVITY:    
Accrued capital expenditures included in accounts payable $ 4,735 $ 3,016