XML 15 R5.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net income $ 19,376 $ 1,594
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 9,006 9,758
Amortization 21,492 18,442
Stock-based compensation 4,953 4,221
Deferred income taxes 118 (4,275)
Increase in cash flows from changes in assets and liabilities:    
Accounts receivable 3,506 6,298
Inventories (3,014) 572
Accounts payable 9,981 4,393
Accrued compensation and benefits (2,371) (7,233)
Other assets (16,306) (15,005)
Other liabilities (1,094) 12,561
Total operating 26,271 29,732
Net cash provided by operating activities 45,647 31,326
Cash flows from investing activities:    
Purchases of property, plant and equipment (7,291) (5,525)
Payments to Acquire Businesses Net of Cash Acquired and Asset Acquisitions 0 (1,765)
Net cash used in investing activities (7,291) (7,290)
Cash flows from financing activities:    
Payments on term loan (6,563) (4,375)
Payments on revolving line of credit (87,000) (68,000)
Proceeds from revolving line of credit 57,000 71,000
Dividends paid on common stock (11,198) (11,138)
Other, net 684 (1,218)
Net cash used in financing activities (47,077) (13,731)
Effect of exchange rate changes on cash and cash equivalents (500) 2,408
Net increase (decrease) in cash and cash equivalents (9,221) 12,713
Cash and cash equivalents at beginning of period 32,622 27,428
Cash and cash equivalents at end of period 23,401 40,141
Non-cash investing and financing activities:    
Contractual obligations from asset acquisition 25,849 0
Dividends payable $ 5,620 $ 5,584