XML 17 R6.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating Activities    
Net income $ 63,488 $ 65,910
Depreciation and amortization 18,792 19,207
Stock-based compensation (Note 11) 6,086 7,692
Pension expense (Note 15) and other charges 2,856 2,976
Deferred income tax provision (benefit) (Note 10) 849 (2,626)
Loss on asset dispositions, net 233 1,148
Pension contributions (Note 15) (3,534) (2,486)
Currency exchange losses, net 18,251 2,823
Product liability expense (Note 18) 6,425 10,842
Collections on insurance receivables and notes receivable, insurance companies (Note 18) 11,289 20,028
Product liability payments (Note 18) (34,170) (27,700)
Changes in:    
Trade receivables (9,189) (1,897)
Inventories (Note 3) (25,421) (29,257)
Prepaid expenses and other current assets (3,489) 9,509
Accounts payable and accrued liabilities (13,401) 1,601
Other noncurrent assets and liabilities (1,520) (12,388)
Cash Flow From Operating Activities 37,545 65,382
Investing Activities    
Capital expenditures (13,525) (8,812)
Acquisition, net of cash acquired (Note 19) (33,196) 0
Purchase of short-term investments (Note 17) (87,260) 0
Proceeds from maturities of short-term investments (Note 17) 69,958 0
Property disposals 81 3,059
Cash Flow Used in Investing Activities (63,942) (5,753)
Financing Activities    
Payments on short-term debt, net 64 215
Proceeds from long-term debt (Note 12) 375,000 248,500
Payments on long-term debt (Note 12) (338,000) (291,000)
Cash dividends paid (30,934) (27,981)
Company stock purchases (Note 7) (10,967) (3,835)
Exercise of stock options (Note 7) 3,232 4,293
Employee stock purchase plan (Note 7) 344 280
Cash Flow Used in Financing Activities (1,261) (69,528)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (985) (8,130)
Decrease in cash, cash equivalents and restricted cash (28,643) (18,029)
Beginning cash, cash equivalents and restricted cash 140,604 137,889
Ending cash, cash equivalents and restricted cash 111,961 119,860
Supplemental cash flow information:    
Total cash, cash equivalents and restricted cash $ 140,604 $ 137,889