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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows provided by (used in) operating activities:      
Net income $ 223,994 $ 269,659 $ 153,351
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Depreciation and amortization 191,737 174,062 143,058
Amortization of debt issuance costs 3,774 4,259 4,139
Rationalization charges 6,253 5,826 19,061
Stock compensation expense 14,923 14,639 13,018
Loss on early extinguishment of debt 2,493 7,052 0
Deferred income tax provision (benefit) 23,740 (114,969) 45,011
Other changes that provided (used) cash, net of effects from acquisition:      
Trade accounts receivable, net 516 (37,107) (10,867)
Inventories 20,366 (17,228) 19,960
Trade accounts payable 61,095 84,102 52,752
Accrued liabilities 3,564 4,321 (20,145)
Other, net (45,935) (4,851) (24,787)
Net cash provided by operating activities 506,520 389,765 394,551
Cash flows provided by (used in) investing activities:      
Purchase of business, net of cash acquired 0 (1,023,848) 0
Capital expenditures (190,973) (174,429) (191,893)
Other, net 1,051 600 11,555
Net cash used in investing activities (189,922) (1,197,677) (180,338)
Cash flows provided by (used in) financing activities:      
Borrowings under revolving loans 1,043,370 1,172,079 919,482
Repayments under revolving loans (991,006) (1,316,758) (797,106)
Changes in outstanding checks – principally vendors (4,125) 8,851 (22,819)
Proceeds from issuance of long-term debt 0 1,789,200 0
Repayments of long-term debt (286,200) (755,037) (67,412)
Debt issuance costs (3,272) (16,964) 0
Dividends paid on common stock (44,549) (40,493) (40,877)
Repurchase of common stock (7,828) (4,123) (280,736)
Net cash (used in) provided by financing activities (293,610) 836,755 (289,468)
Effect of exchange rate changes on cash and cash equivalents (3,702) 0 0
Cash and cash equivalents:      
Net increase (decrease) 19,286 28,843 (75,255)
Balance at beginning of year 53,533 24,690 99,945
Balance at end of year 72,819 53,533 24,690
Interest paid, net 118,377 97,595 65,471
Income taxes paid, net of refunds $ 47,172 $ 70,239 $ 58,147