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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net earnings $ 135,665 $ 118,431
Adjustments to reconcile net earnings to net cash provided by operating activities    
Depreciation and amortization 51,600 51,257
Gain (Loss) on Disposition of Business 0 (2,149)
Gain on fixed asset disposals (6,080) (897)
Deferred income taxes 1,450 5,554
Share-based compensation 6,980 7,801
Change in operating assets and liabilities, net of businesses acquired and divested:    
Accounts receivable, net (37,621) (57,522)
Inventories, net (11,080) (43,625)
Progress payments (356) 6,718
Accounts payable and accrued expenses (87,430) (38,621)
Deferred revenue 5,278 17,865
Income taxes payable 2,872 (7,712)
Net pension and postretirement liabilities 311 (48,265)
Other current and long-term assets and liabilities (21,203) 17,850
Net cash provided by operating activities 40,386 26,685
Cash flows from investing activities:    
Proceeds from sales and disposals of long lived assets 8,920 4,328
Proceeds from Divestiture of Businesses   (268)
Payments to Acquire Intangible Assets (147) (1,500)
Additions to property, plant, and equipment (33,471) (19,852)
Acquisition of businesses, net of cash acquired (50,075) (212,737)
Payments for (Proceeds from) Previous Acquisition   (460)
Net cash used for investing activities (74,773) (230,489)
Cash flows from financing activities:    
Borrowings under revolving credit facility 7,318 367,762
Payment of revolving credit facility (7,561) (366,953)
Repurchases of common stock (25,065) (46,115)
Proceeds from share-based compensation 5,411 6,360
Dividends paid (6,420) (6,623)
Proceeds from (Payments for) Other Financing Activities (395) (365)
Net cash used for financing activities (26,712) (45,934)
Effect of exchange-rate changes on cash 1,377 (6,484)
Net decrease in cash and cash equivalents (59,722) (256,222)
Cash and cash equivalents at beginning of period 276,066 475,120
Cash and cash equivalents at end of period 216,344 218,898
Supplemental disclosure of non-cash activities:    
Capital expenditures incurred but not yet paid $ 85 $ 425