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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
OPERATING ACTIVITIES      
Net income $ 62,971 $ 141,907 $ 8,122
Adjustments to reconcile net income to cash used in operating activities:      
Depreciation and amortization 133,969 125,100 111,273
Deferred income taxes 21,838 (35,804) 96,224
(Gain) loss on sale of business units, property and equipment (1,377) 845 206
Adjustment to carrying value of assets 6,625 1,230 1,479
Equity earnings in non-consolidated entities 0 (738) (3,639)
Amortization of deferred financing costs 1,971 2,107 9,422
Loss on extinguishment of debt 0 0 23,262
Non-cash gain on previously held shares of an equity investment 0 (20,767) 0
Stock-based compensation 13,315 15,052 19,785
Contributions to U.S. pension plan (7,760) (4,125) (10,000)
Amortization of U.S. pension expense 8,919 9,314 12,680
Other items, net (3,320) 2,263 (6,873)
Net change in operating assets and liabilities, net of effect of acquisitions:      
Accounts receivable 8,426 16,507 1,295
Inventories 4,190 (33,092) (30,518)
Other assets 6,938 (18,966) (5,673)
Accounts payable and accrued expenses 37,611 39,540 26,740
Change in short term and long-term tax liabilities 8,393 (20,720) 12,008
Net cash provided by operating activities 302,709 219,653 265,793
INVESTING ACTIVITIES      
Purchases of property and equipment (101,506) (97,399) (59,599)
Proceeds from sale of business units, property and equipment 8,632 1,973 2,713
Purchase of intangible assets (34,686) (21,301) (3,450)
Purchases of businesses, net of cash acquired (57,799) (167,688) (131,448)
Cash received for notes receivable 411 274 1,991
Net cash used in investing activities (184,948) (284,141) (189,793)
FINANCING ACTIVITIES      
Change in long-term debt 13,101 70,468  
Change in long-term debt     (389,665)
Payments of notes payable 0 0 205
Employee note repayments 0 39 26
Contingent consideration for acquisitions 0 (3,701) 0
Common stock issued for exercise of options 1,977 201 1,029
Common stock repurchased (19,994) (125,030) 0
Payments to tax authorities for employee share-based compensation (1,495) (9,452) (25,335)
Proceeds from sale of common stock, net of underwriting fees and commissions 0 0 480,306
Payments associated with initial public offering 0 0 (2,066)
Net cash (used in) provided by financing activities (6,411) (67,475) 64,090
Effect of foreign currency exchange rates on cash 903 (6,648) 12,692
Net increase (decrease) in cash and cash equivalents 112,253 (138,611) 152,782
Cash, cash equivalents and restricted cash, beginning 117,623 256,234 103,452
Cash, cash equivalents and restricted cash, ending $ 229,876 $ 117,623 $ 256,234