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CONSOLIDATED STATEMENTS OF CASH FLOW (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
OPERATING ACTIVITIES        
Net income $ 40,125 $ 28,005 $ 103,792 $ 65,747
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation 15,672 17,436 46,659 52,852
Amortization 1,582 2,366 6,305 7,571
Change in deferred taxes and other liabilities 13,548 1,199 12,802 (7,012)
Provision for write-off of property, plant and equipment (5) 2,131 1,101 3,255
Non-cash interest expense 151 150 454 304
Compensation and benefits paid or payable in Class A Common Stock 790 543 1,413 1,879
Fair value adjustment on foreign currency option (10) 61
Changes in operating assets and liabilities that provided cash:        
Accounts receivable (9,950) (2,813) (7,140) (39,954)
Contract assets (9,605) 3,040 (6,558) (8,721)
Inventories (3,760) (2,968) (21,927) (16,408)
Prepaid expenses and other current assets 131 103 (4,057) (5,117)
Income taxes prepaid and receivable 304 (551) 662 (454)
Accounts payable 363 (2,728) 7,837 6,154
Accrued liabilities 3,407 7,552 (8,762) 12,171
Income taxes payable (5,611) 6,766 1,619 13,355
Noncurrent receivables (339) (4,676) (679) (8,846)
Other noncurrent liabilities (2,251) (5,102) (4,411) (6,333)
Other, net (1,055) (5,728) (2,517) (9,049)
Net cash provided by operating activities 43,497 44,715 126,593 61,455
INVESTING ACTIVITIES        
Purchases of property, plant and equipment (13,442) (21,441) (48,846) (60,564)
Purchased software (257) (78) (306) (130)
Net cash used in investing activities (13,699) (21,519) (49,152) (60,694)
FINANCING ACTIVITIES        
Proceeds from borrowings 3,000 20,000 26,031
Principal payments on debt (58,006) (10,471) (95,014) (24,614)
Principal payments on finance lease liabilities (298) (876)
Taxes paid in lieu of share issuance (971) (1,652)
Proceeds from options exercised 33 52 105 202
Dividends paid (5,814) (5,485) (17,435) (16,441)
Net cash used in financing activities (64,085) (12,904) (94,191) (16,474)
Effect of exchange rate changes on cash and cash equivalents (7,207) (4,443) (7,266) (7,421)
(Decrease)/increase in cash and cash equivalents (41,494) 5,849 (24,016) (23,134)
Cash and cash equivalents at beginning of period 215,233 154,744 197,755 183,727
Cash and cash equivalents at end of period $ 173,739 $ 160,593 $ 173,739 $ 160,593