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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash Flows from Operating Activities      
Net income $ 37,590 $ 54,988 $ 31,966
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 21,312 20,818 20,744
Amortization 4,490 3,995 3,334
Provision for doubtful accounts 482 280 18
Provision for warranties 16,725 18,912 13,743
Deferred compensation provision (benefit) (574) 1,742 241
Deferred income tax benefit (291) (3,521) (2,559)
Gain on disposition of fixed assets (388) (224) (529)
Tax benefit from stock incentive plans 0 0 (345)
Stock-based compensation 3,142 2,936 1,250
Distributions to SERP participants (206) (532) (2,986)
Change in operating assets and liabilities, net of effects of acquisitions:      
Sale (purchase) of trading securities, net 473 (1,873) (405)
Trade and other receivables (7,749) (4,895) 3,163
Inventories (19,618) 30,839 (6,499)
Prepaid expenses (5,181) 4,846 (3,016)
Other assets (779) 2,069 (968)
Accounts payable 630 8,836 (11,409)
Customer deposits 9,379 (762) (3,697)
Accrued product warranty (14,642) (15,125) (14,177)
Income taxes payable (597) 181 (4,093)
Accrued retirement benefit costs 45 (50) 24
Accrued loss reserves 122 229 103
Other accrued liabilities (1,118) 11,142 3,576
Other (1,366) (25) 3,387
Net cash provided by operating activities 41,881 134,806 30,866
Cash Flows from Investing Activities      
Business acquisition, net of cash acquired (26,443) (39,764) 178
Proceeds from sale of property and equipment 480 614 10,054
Expenditures for property and equipment (20,046) (27,367) (21,202)
Sale (purchase) of investments (891) 290 378
Net cash used by investing activities (46,900) (66,227) (10,592)
Cash Flows from Financing Activities      
Payment of dividends (9,226) (9,217) (9,193)
Borrowings under bank loans 0 5,973 106,034
Repayment of bank loans (7,242) (5,903) (104,567)
Proceeds from issuance of common stock 0 0 72
Tax benefit from stock option exercise 0 0 345
Purchase of shares of subsidiaries (106) (696) (653)
Sale (purchase) of Company shares by SERP, net 289 (153) 2,084
Withholding tax paid upon vesting of restricted stock units (507) (1,024) (600)
Proceeds from cash surrender value of life insurance 0 0 416
Net cash used by financing activities (16,792) (11,020) (6,062)
Effect of exchange rates on cash 1,720 (250) (2,173)
Increase (decrease) in cash and cash equivalents (20,091) 57,309 12,039
Cash and cash equivalents, beginning of year 82,371 25,062 13,023
Cash and cash equivalents, end of year 62,280 82,371 25,062
Cash paid during the year for:      
Interest 588 1,407 1,651
Income taxes, net of refunds $ 26,917 $ 28,455 $ 29,573