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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:      
Net income $ 189,900 $ 14,568 $ 16,008
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 16,586 17,379 21,236
Deferred taxes (141,447) 128 604
Share-based compensation 8,965 7,542 5,740
Gain on disposal of long-lived assets and deferred gain amortization (116) (1,006) (1,331)
Gain on sale of investments in golf-related ventures (17,662) 0 0
Unrealized gains on foreign currency forward contracts (683) 0 0
Less: Net income attributable to non-controlling interests 1,054 0 0
Discount amortization on convertible notes 0 531 739
Changes in assets and liabilities:      
Accounts receivable, net (16,965) (11,591) (23,314)
Inventories 24,251 (5,347) 47,334
Other assets 168 7,060 2,884
Accounts payable and accrued expenses 12,553 5,382 (30,578)
Accrued employee compensation and benefits (489) (3,395) 6,328
Income taxes receivable and payable 2,493 (370) (4,125)
Accrued warranty expense (311) 99 (799)
Other liabilities (587) (399) (3,846)
Net cash provided by operating activities 77,710 30,581 36,880
Cash flows from investing activities:      
Proceeds from sale of investments in golf-related ventures 23,429 0 0
Investment in golf-related ventures (1,448) (940) (14,771)
Note receivable 3,104 (3,104) 0
Capital expenditures (16,152) (14,369) (10,753)
Proceeds from sale of property, plant and equipment 20 2 458
Net cash provided by (used in) investing activities 8,953 (18,411) (25,066)
Cash flows from financing activities:      
Exercise of stock options 2,637 6,565 2,291
Dividends paid, net (3,764) (3,391) (3,105)
Acquisition of treasury stock (5,144) (1,960) (1,006)
Repayment of asset-based credit facilities, net (3,003) (266) (10,425)
Credit facility amendment costs 0 0 (608)
Other financing activities 20 0 (33)
Net cash (used in) provided by financing activities (9,254) 948 (12,886)
Effect of exchange rate changes on cash and cash equivalents (1,235) (952) 1,914
Net increase in cash and cash equivalents 76,174 12,166 842
Cash and cash equivalents at beginning of year 49,801 37,635 36,793
Cash and cash equivalents at end of year 125,975 49,801 37,635
Supplemental disclosures:      
Cash paid for interest and fees 1,626 6,641 8,124
Cash paid for income taxes, net 6,143 5,454 8,098
Noncash investing and financing activities:      
Conversion of convertible notes to common stock, net of discount (Note 3) 0 109,105 0
Issuance of treasury stock and common stock for compensatory stock awards released from restriction 916 3,762 86
Accrued capital expenditures at period end 736 2,255 466
Acquisition of treasury stock for minimum statutory withholding taxes $ 0 $ 0 $ 7