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CONSOLIDATED STATEMENTS OF CASH FLOW (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
OPERATING ACTIVITIES        
Net income $ 30,306 $ 1,233 $ 40,788 $ 12,207
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation 17,114 15,201 35,416 29,845
Amortization 2,559 2,632 5,205 5,281
Change in other noncurrent liabilities (854) (758) (1,231) (2,354)
Change in deferred taxes and other liabilities (6,118) (6,745) (6,902) (7,357)
Provision for write-off of property, plant and equipment 853 534 1,124 830
Non-cash interest expense 154 212 154 423
Compensation and benefits paid or payable in Class A Common Stock 1,047 681 1,336 1,670
Fair value adjustment on foreign currency option 34 75 71 129
Changes in operating assets and liabilities that (used)/provided cash:        
Accounts receivable (12,903) (14,395) (44,370) (15,136)
Contract assets (13,877) (11,761)
Inventories (1,371) 1,655 (10,615) (13,266)
Prepaid expenses and other current assets (1,157) (780) (5,220) (2,697)
Income taxes prepaid and receivable (5) (2,817) 97 (2,817)
Accounts payable 11,420 (1,459) 8,882 2,065
Accrued liabilities 5,853 10,071 4,668 (900)
Income taxes payable 10,020 1,978 6,589 (508)
Noncurrent receivables (1,643) (3,621) (4,170) (7,536)
Other, net (5,745) 4,692 (3,321) 3,938
Net cash provided by operating activities 35,687 8,389 16,740 3,817
INVESTING ACTIVITIES        
Purchases of property, plant and equipment (23,352) (21,360) (39,123) (46,405)
Purchased software (23) (353) (52) (391)
Net cash used in investing activities (23,375) (21,713) (39,175) (46,796)
FINANCING ACTIVITIES        
Proceeds from borrowings 10,020 16,114 23,031 32,259
Principal payments on debt (5,653) (540) (14,143) (21,142)
Taxes paid in lieu of share issuance (1,652) (1,364)
Proceeds from options exercised 3 100 150 175
Dividends paid (5,482) (5,467) (10,956) (10,926)
Net cash (used in)/provided by financing activities (1,112) 10,207 (3,570) (998)
Effect of exchange rate changes on cash and cash equivalents (7,882) (1,424) (2,978) 1,027
(Decrease)/increase in cash and cash equivalents 3,318 (4,541) (28,983) (42,950)
Cash and cash equivalents at beginning of period 151,426 143,333 183,727 181,742
Cash and cash equivalents at end of period $ 154,744 $ 138,792 $ 154,744 $ 138,792