XML 16 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net income $ 24,794 $ 19,982
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 12,778 8,634
Long-lived asset impairment charge 772 0
Inventory step-up amortization 1,025 0
Deferred income taxes 157 (553)
Stock-based compensation 2,287 2,074
Loss from equity method investment 68 0
Changes in operating assets and liabilities:    
Accounts receivable (8,197) (11,294)
Inventories (14,202) (704)
Accounts payable 15,479 8,226
Accrued payroll and other compensation (729) 2,859
Accrued taxes (977) 492
Other, net (5,460) 3,691
Net cash provided by operating activities 27,795 33,407
Cash flows from investing activities:    
Business acquisitions, net of cash acquired (353) 0
Capital expenditures (15,068) (15,549)
Net cash used for investing activities (15,421) (15,549)
Cash flows from financing activities:    
Debt repayments (21,566) (10,297)
Common stock issued 313 404
Common stock repurchased (2,497) (710)
Net cash used for financing activities (23,750) (10,603)
Effect of exchange rate changes on cash 2,984 (449)
(Decrease) Increase in cash and cash equivalents (8,392) 6,806
Cash and cash equivalents at beginning of period 71,934 75,909
Cash and cash equivalents at end of period $ 63,542 $ 82,715