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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating Activities      
Net income $ 133,383 $ 83,019 $ 32,585
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 62,085 68,800 61,517
Amortization 8,710 10,236 10,439
Change in deferred taxes and other liabilities 13,702 8,972 (1,264)
Provision for write-off of property, plant and equipment 3,119 3,707 2,870
Non-cash interest expense 605 459 660
Write-off of pension liability adjustment due to settlement/curtailment 450 1,494
Compensation and benefits paid or payable in Class A Common Stock 2,063 2,203 2,133
Write-off of intangible assets in a discontinued product line 4,149
Changes in operating assets and liabilities that provided/(used) cash, net of impact of business acquisition:      
Accounts receivable 9,587 (19,139) (21,859)
Contract assets (19,199) (10,267)
Inventories (8,923) (968) 3,090
Prepaid expenses and other current assets (2,291) (5,815) (4,989)
Income taxes prepaid and receivable 1,390 (1,402) (941)
Accounts payable 10,524 9,340 2,910
Accrued liabilities (7,393) 8,209 5,303
Income taxes payable 3,979 (824) (799)
Noncurrent receivable (1,341) (12,249) (18,766)
Noncurrent liabilities (6,573) (5,479) (10,145)
Other, net (3,525) (7,811) (2,677)
Net cash provided by operating activities 200,352 132,485 64,216
Investing Activities      
Purchase of business, net of cash acquired (30,793)
Purchases of property, plant and equipment (67,358) (81,579) (85,510)
Purchased software (597) (1,307) (2,127)
Net cash used in investing activities (98,748) (82,886) (87,637)
Financing Activities      
Proceeds from borrowings 45,000 26,031 115,334
Principal payments on debt (120,017) (29,913) (84,047)
Principal payments on finance lease liabilities (1,180)
Debt acquisition costs (2,130)
Cash received to settle swap agreements 6,346
Taxes paid in lieu of share issuance (971) (1,652) (1,364)
Proceeds from options exercised 112 202 597
Dividends paid (23,251) (21,926) (21,869)
Net cash (used in)/provided by financing activities (100,307) (27,258) 12,867
Effect of exchange rate changes on cash and cash equivalents (3,512) (8,313) 12,539
Increase/(decrease) in cash and cash equivalents (2,215) 14,028 1,985
Cash and cash equivalents at beginning of year 197,755 183,727 181,742
Cash and cash equivalents at end of year $ 195,540 $ 197,755 $ 183,727