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CONSOLIDATED STATEMENTS OF CASH FLOW (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
OPERATING ACTIVITIES        
Net income $ 15,220 $ 13,409 $ 27,427 $ 36,826
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation 15,522 16,470 45,367 44,736
Amortization 2,608 1,975 7,889 6,488
Change in other noncurrent liabilities (168) (275) (2,522) (5,010)
Change in deferred taxes and other liabilities (3,263) (1,712) (10,620) (640)
Provision for write-off of property, plant and equipment 1,086 333 1,916 1,409
Non-cash interest expense 211 634
Compensation and benefits paid or payable in Class A Common Stock 195 350 1,865 1,882
Write-off of intangible assets in a discontinued product line 4,149 4,149
Changes in operating assets and liabilities that provided/(used) cash, net of impact of business acquisition:        
Accounts receivable (4,645) 4,794 (19,781) (6,492)
Inventories (3,944) (5,511) (17,210) (12,886)
Prepaid expenses and other current assets (599) (481) (3,167) (3,302)
Income taxes prepaid and receivable (100) (2,817) 1,737
Accounts payable (4,769) (4,443) (2,704) (1,544)
Accrued liabilities 5,425 4,418 4,525 (3,736)
Income taxes payable 3,472 4,932 2,964 3,999
Contract receivables (8,107) (15,643)
Other, net (4,495) (4,974) (557) (10,252)
Net cash provided by operating activities 17,898 29,185 21,715 53,215
INVESTING ACTIVITIES        
Purchase of business, net of cash acquired (187,000)
Purchases of property, plant and equipment (15,319) (21,924) (61,724) (50,029)
Purchased software (147) (591) (538) (1,262)
Proceeds from sale or involuntary conversion of assets 4,686 6,422
Net cash used in investing activities (15,466) (17,829) (62,262) (231,869)
FINANCING ACTIVITIES        
Proceeds from borrowings 13,076 13,265 45,335 232,795
Principal payments on debt (3,569) (871) (24,711) (23,695)
Debt acquisition costs (1,771)
Swap termination payment (5,175)
Taxes paid in lieu of share issuance (1,364) (1,272)
Proceeds from options exercised 356 64 531 454
Dividends paid (5,470) (5,457) (16,396) (16,354)
Net cash provided by financing activities 4,393 7,001 3,395 184,982
Effect of exchange rate changes on cash and cash equivalents 7,848 1,788 8,875 4,729
(Decrease)/increase in cash and cash equivalents 14,673 20,145 (28,277) 11,057
Cash and cash equivalents at beginning of period 138,792 176,025 181,742 185,113
Cash and cash equivalents at end of period $ 153,465 $ 196,170 $ 153,465 $ 196,170