XML 21 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating Activities      
Net income $ 32,585 $ 52,812 $ 57,265
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 61,517 58,106 52,974
Amortization 10,439 9,355 7,140
Change in other noncurrent liabilities (10,145) (5,232) 3,608
Change in deferred taxes and other liabilities (1,264) 5,889 (29,517)
Provision for write-off of property, plant and equipment 2,870 2,778 867
Fair value adjustment on available-for-sale assets 3,212
Gain on disposition or involuntary conversion of assets (1,056)
Non-cash interest expense 660 564
Write-off of pension liability adjustment due to settlement 51 103
Compensation and benefits paid or payable in Class A Common Stock 2,133 2,433 1,707
Write-off of intangible assets in a discontinued product line 4,149
Changes in operating assets and liabilities that provide/(use) cash, net of impact of business acquisition:      
Accounts receivable (21,859) (12,697) (404)
Inventories 3,090 (12,520) (8,277)
Prepaid expenses and other current assets (4,989) (2,595) 1,253
Income taxes prepaid and receivable (941) (2,206) (3,156)
Contract receivable (18,766) (14,045)
Accounts payable 2,910 2,108 (6,001)
Accrued liabilities 5,303 1,312 2,081
Income taxes payable (799) 1,398 9,072
Other, net (2,677) (6,571) 7,139
Net cash provided by operating activities 64,216 80,940 98,010
Investing Activities      
Purchase of business, net of cash acquired (187,000)
Purchases of property, plant and equipment (85,510) (71,244) (48,622)
Purchased software (2,127) (2,248) (1,973)
Proceeds from sale or involuntary conversion of assets 6,939 2,797
Net cash used in investing activities (87,637) (253,553) (47,798)
Financing Activities      
Proceeds from borrowings 115,334 235,907 95,126
Principal payments on debt (84,047) (34,356) (102,215)
Debt acquisition costs (2,130) (1,771) (1,673)
Cash received/(paid) to settle swap agreements 6,346 (5,175)
Proceeds from options exercised 597 517 1,897
Taxes paid in lieu of share issuance (1,364) (1,272) (1,449)
Dividends paid (21,869) (21,812) (21,088)
Net cash provided by/(used in) financing activities 12,867 172,038 (29,402)
Effect of exchange rate changes on cash and cash equivalents 12,539 (2,796) (15,499)
Increase/(decrease) in cash and cash equivalents 1,985 (3,371) 5,311
Cash and cash equivalents at beginning of year 181,742 185,113 179,802
Cash and cash equivalents at end of year $ 183,727 $ 181,742 $ 185,113