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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
OPERATING ACTIVITIES        
Net income $ 28,484 $ 15,220 $ 69,272 $ 27,427
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation 17,436 15,522 52,852 45,367
Amortization 2,366 2,608 7,571 7,889
Change in other noncurrent liabilities (5,102) (168) (6,333) (2,522)
Change in deferred taxes and other liabilities 1,331 (3,263) (5,571) (10,620)
Provision for write-off of property, plant and equipment 2,131 1,086 3,255 1,916
Non-cash interest expense 150 211 304 634
Compensation and benefits paid or payable in Class A Common Stock 543 195 1,879 1,865
Fair value adjustment on foreign currency option (10) 2 61 131
Write-off of intangible assets in a discontinued product line 4,149 4,149
Changes in operating assets and liabilities that provided/(used) cash:        
Accounts receivable (4,177) (4,645) (48,547) (19,781)
Contract assets 3,040 (8,721)
Inventories (2,228) (3,944) (12,843) (17,210)
Prepaid expenses and other current assets 103 (601) (5,117) (3,298)
Income taxes prepaid and receivable (551) (454) (2,817)
Accounts payable (2,728) (4,769) 6,154 (2,704)
Accrued liabilities 7,565 5,425 12,233 4,525
Income taxes payable 6,766 3,472 13,355 2,964
Noncurrent receivables (4,676) (8,107) (8,846) (15,643)
Other, net (5,728) (4,495) (9,049) (557)
Net cash provided by operating activities 44,715 17,898 61,455 21,715
INVESTING ACTIVITIES        
Purchases of property, plant and equipment (21,441) (15,319) (60,564) (61,724)
Purchased software (78) (147) (130) (538)
Net cash used in investing activities (21,519) (15,466) (60,694) (62,262)
FINANCING ACTIVITIES        
Proceeds from borrowings 3,000 13,076 26,031 45,335
Principal payments on debt (10,471) (3,569) (24,614) (24,711)
Taxes paid in lieu of share issuance (1,652) (1,364)
Proceeds from options exercised 52 356 202 531
Dividends paid (5,485) (5,470) (16,441) (16,396)
Net cash (used in)/provided by financing activities (12,904) 4,393 (16,474) 3,395
Effect of exchange rate changes on cash and cash equivalents (4,443) 7,848 (7,421) 8,875
(Decrease)/increase in cash and cash equivalents 5,849 14,673 (23,134) (28,277)
Cash and cash equivalents at beginning of period 154,744 138,792 183,727 181,742
Cash and cash equivalents at end of period $ 160,593 $ 153,465 $ 160,593 $ 153,465