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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Operating Activities    
Net income $ 27,304 $ 44,004
Depreciation and amortization 17,736 17,732
Non-cash restructuring charges (Note 4) 11,384 0
Stock-based compensation (Note 11) 8,233 6,951
Pension expense (Note 15) 3,538 3,396
Deferred income tax benefit (10,725) (1,231)
Loss (gain) on asset dispositions, net 48 (2,713)
Pension contributions (Note 15) (2,950) (3,100)
Currency exchange losses, net 3,431 1,726
Non cash other operating expense (Note 18) 29,610 0
Trade receivables (3,710) 9,559
Inventories (Note 3) (22,280) (11,531)
Income taxes receivable, prepaid expenses and other current assets 22,473 (5,907)
Accounts payable and accrued liabilities (7,591) (33,678)
Other noncurrent assets and liabilities 69,781 (12,686)
Cash Flow From Operating Activities 146,282 12,522
Investing Activities    
Capital expenditures (6,127) (10,595)
Property disposals and other investing (Note 19) 677 16,965
Cash Flow (Used in) From Investing Activities (5,450) 6,370
Financing Activities    
Proceeds from short-term debt, net 160 156
Proceeds from long-term debt (Note 12) 182,500 234,664
Payments on long-term debt (Note 12) (307,300) (238,196)
Restricted cash 389 1,433
Cash dividends paid (25,824) (24,284)
Distributions to noncontrolling interests 0 759
Company stock purchases (4,784) (1,644)
Exercise of stock options 12,057 4,387
Employee stock purchase plan 282 252
Excess tax benefit related to stock plans 0 (508)
Cash Flow (Used in) Financing Activities (142,520) (24,499)
Effect of exchange rate changes on cash and cash equivalents 3,290 2,831
Increase (decrease) in cash and cash equivalents 1,602 (2,776)
Beginning cash and cash equivalents 113,759 105,925
Ending cash and cash equivalents $ 115,361 $ 103,149