XML 18 R7.htm IDEA: XBRL DOCUMENT v3.4.0.3
Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating Activities    
Net income $ 12,073 $ 9,450
Depreciation and amortization 9,156 6,937
Pensions (Note 15) 1,698 2,939
Net gain from disposal of assets (18) (41)
Stock-based compensation (Note 11) 5,498 4,981
Deferred income tax (benefit) provision (919) 360
Other noncurrent assets and liabilities (7,369) (25,228)
Currency exchange losses (gains), net 1,968 (2,379)
Excess tax benefit related to stock plans (288) (832)
Other, net 2,861 (1,336)
Operating cash flow before changes in certain working capital items 24,660 (5,149)
(Increase) in trade receivables (7,332) (2,394)
(Increase) in inventories (Note 3) (4,316) (22,226)
(Increase) in income taxes receivable, prepaid expenses and other current assets (4,668) (8,485)
(Decrease) increase in accounts payable and accrued liabilities (19,350) 21,591
(Increase) in certain working capital items (35,666) (11,514)
Cash Flow (Used in) Operating Activities (11,006) (16,663)
Investing Activities    
Capital expenditures (5,819) (7,469)
Property disposals and other investing (Note 19) 15,708 0
Cash Flow From (Used in) Investing Activities 9,889 (7,469)
Financing Activities    
Proceeds from short-term debt, net 126 553
Proceeds from long-term debt (Note 12) 170,264 98,000
(Payments on) long-term debt (Note 12) (156,757) (77,000)
Restricted cash 155 30
Cash dividends paid (11,936) (11,553)
Company stock purchases (1,590) (2,756)
Exercise of stock options 2,703 1,159
Excess tax benefit related to stock plans 288 832
Cash Flow From Financing Activities 3,253 9,265
Effect of exchange rate changes on cash and cash equivalents 3,840 (4,830)
Increase (decrease) in cash and cash equivalents 5,976 (19,697)
Beginning cash and cash equivalents 105,925 105,998
Ending cash and cash equivalents $ 111,901 $ 86,301