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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Operating Activities    
Net income $ 99,973 $ 59,530
Depreciation and amortization 28,585 27,665
Restructuring charges (Note 5) 0 11,384
Stock-based compensation (Note 12) 9,595 9,668
Pension expense (Note 16) 4,464 5,307
Deferred income tax benefit (Note 11) (5,152) (9,590)
Loss on asset dispositions, net 416 65
Pension contributions (Note 16) (3,729) (4,425)
Currency exchange losses, net 2,571 3,994
Other operating expense (Note 19) 25,469 32,956
Collections on insurance receivables 94,875 109,769
Product liability payments (44,041) (21,279)
Loss on extinguishment of debt (Note 13) 1,494 0
Trade receivables 598 10,108
Inventories (Note 4) (36,467) (36,894)
Prepaid expenses and other current assets (16,758) (4,252)
Accounts payable and accrued liabilities 32,465 5,183
Other noncurrent assets and liabilities (8,161) (9,943)
Cash Flow From Operating Activities 186,197 189,246
Investing Activities    
Capital expenditures (18,620) (11,730)
Acquisition, net of cash acquired (Note 14) 0 213,990
Purchase of short-term investments (Note 18) (57,090) 0
Property disposals 4,001 729
Cash Flow Used in Investing Activities (71,709) (224,991)
Financing Activities    
Payments on short-term debt, net (8) 0
Proceeds from long-term debt (Note 13) 340,500 491,500
Payments on long-term debt (Note 13) (421,167) (415,600)
Payments of Debt Issuance Costs (1,216) 0
Cash dividends paid (42,605) (39,200)
Company stock purchases (Note 8) (4,299) (16,656)
Exercise of stock options (Note 8) 6,154 12,392
Employee stock purchase plan (Note 8) 280 282
Other, net (1,494) (590)
Cash Flow (Used in) Provided by Financing Activities (123,855) 32,128
Effect of exchange rate changes on cash, cash equivalents and restricted cash (9,952) 1,622
Decrease in cash, cash equivalents and restricted cash (19,319) (1,995)
Beginning cash, cash equivalents and restricted cash 137,889 114,962
Ending cash, cash equivalents and restricted cash 118,570 112,967
Cash and cash equivalents 118,161 112,185
Restricted cash included in prepaid expenses and other current assets $ 409 $ 782