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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:      
Net income $ 41,667 $ 190,954 $ 14,568
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 17,605 16,586 17,379
Inventory step-up amortization from acquisitions 3,112 0 0
Deferred taxes 24,594 (141,447) 128
Share-based compensation 12,647 8,965 7,542
Loss (gain) on disposal of long-lived assets and deferred gain amortization 1,490 (116) (1,006)
Gain on sale of investments in golf-related ventures 0 (17,662) 0
Unrealized losses (gains) on foreign currency forward contracts 1,023 (683) 0
Discount amortization on convertible notes 0 0 531
Changes in assets and liabilities, net of effects of acquisitions:      
Accounts receivable, net 51,618 (16,965) (11,591)
Inventories (52,010) 24,251 (5,347)
Other assets (6,533) 168 7,060
Accounts payable and accrued expenses 15,414 12,553 5,382
Accrued employee compensation and benefits 7,021 (489) (3,395)
Income taxes receivable and payable (2,155) 2,493 (370)
Accrued warranty expense 1,262 (311) 99
Other liabilities 944 (587) (399)
Net cash provided by operating activities 117,699 77,710 30,581
Cash flows from investing activities:      
Payments to Acquire Businesses, Net of Cash Acquired (183,478) 0 0
Capital expenditures (26,203) (16,152) (14,369)
Investment in golf-related ventures (21,499) (1,448) (940)
Proceeds from sale of property, plant and equipment 587 20 2
Proceeds from sale of investments in golf-related ventures 0 23,429 0
Note receivable 0 3,104 (3,104)
Net cash (used in) provided by investing activities (230,593) 8,953 (18,411)
Cash flows from financing activities:      
Repayment of asset-based credit facilities, net 75,789 (3,003) (266)
Proceeds from Long-term Debt 11,815 0 0
Exercise of stock options 5,362 2,637 6,565
Acquisition of treasury stock (16,617) (5,144) (1,960)
Dividends paid, net (3,773) (3,764) (3,391)
Credit facility amendment costs (2,246) 0 0
Noncontrolling Interest, Distributions to Noncontrolling Interest Holders (974) 0 0
Other financing activities 0 20 0
Net cash provided by (used in) financing activities 69,356 (9,254) 948
Effect of exchange rate changes on cash and cash equivalents 3,237 (1,235) (952)
Net (decrease) increase in cash and cash equivalents (40,301) 76,174 12,166
Cash and cash equivalents at beginning of year 125,975 49,801 37,635
Cash and cash equivalents at end of year 85,674 125,975 49,801
Supplemental disclosures:      
Cash paid for interest and fees 4,594 1,626 6,641
Cash paid for income taxes, net 10,788,000 6,143 5,454
Noncash investing and financing activities:      
Conversion of convertible notes to common stock, net of discount (Note 4) 2,007 736 2,255
Issuance of treasury stock and common stock for compensatory stock awards released from restriction 5,813 920 3,763
Conversion of convertible notes to common stock, net of discount (Note 3) $ 0 $ 0 $ 109,105