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CONSOLIDATED STATEMENTS OF CASH FLOW (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
OPERATING ACTIVITIES        
Net income $ 34,259 $ 29,843 $ 63,667 $ 37,742
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation 15,345 17,114 30,987 35,416
Amortization 2,409 2,559 4,723 5,205
Change in deferred taxes and other liabilities 319 (6,183) (746) (8,211)
Provision for write-off of property, plant and equipment 720 853 1,106 1,124
Non-cash interest expense 152 154 303 154
Compensation and benefits paid or payable in Class A Common Stock 1,170 1,047 623 1,336
Fair value adjustment on foreign currency option 34 71
Changes in operating assets and liabilities that provided cash:        
Accounts receivable 14,434 (12,052) 2,810 (37,141)
Contract assets 3,528 (13,877) 3,047 (11,761)
Inventories (1,505) (1,687) (18,167) (13,440)
Prepaid expenses and other current assets (1,384) (1,157) (4,188) (5,220)
Income taxes prepaid and receivable (316) (5) 358 97
Accounts payable (14,276) 11,420 7,474 8,882
Accrued liabilities (1,074) 5,846 (12,169) 4,619
Income taxes payable 5,724 10,020 7,230 6,589
Noncurrent receivables (46) (1,643) (340) (4,170)
Other noncurrent liabilities (481) (854) (2,160) (1,231)
Other, net (448) (5,745) (1,462) (3,321)
Net cash provided by operating activities 58,530 35,687 83,096 16,740
INVESTING ACTIVITIES        
Purchases of property, plant and equipment (14,606) (23,352) (35,404) (39,123)
Purchased software (27) (23) (49) (52)
Net cash used in investing activities (14,633) (23,375) (35,453) (39,175)
FINANCING ACTIVITIES        
Proceeds from borrowings 10,020 20,000 23,031
Principal payments on debt (9,004) (5,653) (37,008) (14,143)
Principal payments on finance lease liabilities (178) (578)
Taxes paid in lieu of share issuance (971) (1,652)
Proceeds from options exercised 28 3 72 150
Dividends paid (5,813) (5,482) (11,621) (10,956)
Net cash used in financing activities (14,967) (1,112) (30,106) (3,570)
Effect of exchange rate changes on cash and cash equivalents (1,082) (7,882) (59) (2,978)
Increase/(decrease) in cash and cash equivalents 27,848 3,318 17,478 (28,983)
Cash and cash equivalents at beginning of period 187,385 151,426 197,755 183,727
Cash and cash equivalents at end of period $ 215,233 $ 154,744 $ 215,233 $ 154,744