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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating Activities    
Net income $ 69,026 $ 48,881
Depreciation and amortization 26,651 22,646
Pensions (Note 15) 5,094 8,817
Net (gain) from disposal of assets (1,512) (1,958)
Stock-based compensation (Note 11) 8,292 6,931
Asset impairment charges 0 2,630
Deferred income tax (benefit) provision (184) 449
Other noncurrent assets and liabilities (209) (38,995)
Currency exchange losses, net 2,516 3,649
Excess tax provision (benefit) related to stock plans 434 (896)
Other, net 0 (6,686)
Operating cash flow before changes in certain working capital items 110,108 45,468
Decrease (increase) in trade receivables 16,215 (11,230)
(Increase) in inventories (Note 3) (9,961) (39,793)
(Increase) in income taxes receivable, prepaid expenses and other current assets (2,635) (12,003)
(Decrease) increase in accounts payable and accrued liabilities (82,290) 27,388
(Increase) in certain working capital items (78,671) (35,638)
Cash Flow From Operating Activities 31,437 9,830
Investing Activities    
Capital expenditures (16,146) (25,148)
Acquisition, net of cash acquired (Note 14) (18,261) 0
Property disposals and other investing (Note 19) 17,932 7,969
Cash Flow (Used in) Investing Activities (16,475) (17,179)
Financing Activities    
Proceeds from short-term debt, net 75 142
Proceeds from long-term debt (Note 12) 332,664 368,000
(Payments on) long-term debt (Note 12) (316,656) (225,000)
Restricted cash 1,304 278
Cash dividends paid (36,675) (35,448)
Distributions to noncontrolling interests (1,008) 0
Company stock purchases (1,881) (10,230)
Exercise of stock options 6,105 1,331
Employee stock purchase plan 252 230
Excess tax (provision) benefit related to stock plans (434) 896
Cash Flow (Used in) From Financing Activities (16,254) 100,199
Effect of exchange rate changes on cash and cash equivalents 1,400 (9,505)
Increase in cash and cash equivalents 108 83,345
Beginning cash and cash equivalents 105,925 105,998
Ending cash and cash equivalents $ 106,033 $ 189,343