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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 $ 20,121 $ 23,802 $ 22,974
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 43,755 37,425 35,929
Losses (gains) on sales and/or abandonment of property and equipment 530 (23) 916
Write-off of patents and intangible assets 101 141 1,427
Acquired in-process research and development 461 1,000 0
Amortization of deferred credits (170) (171) (175)
Amortization of long-term debt issuance costs 952 987 987
Deferred income taxes (962) 3,450 3,870
Excess tax benefits from stock-based compensation (669) (2,124) (576)
Stock-based compensation expense 2,506 2,243 1,460
Changes in operating assets and liabilities, net of effects from acquisitions:      
Trade receivables (6,816) (5,872) (13,599)
Employee receivables 15 (52) 46
Other receivables 1,146 387 (3,042)
Inventories (3,656) (13,113) (9,396)
Prepaid expenses 271 (696) (58)
Prepaid income taxes 404 (1,788) (41)
Income tax refund receivables 406 (784) 11
Other assets (3,763) (362) (1,388)
Trade payables (6,835) 14,766 5,326
Accrued expenses 3,245 5,656 6,137
Advances from employees (3) 217 142
Income taxes payable 1,451 2,199 1,083
Liabilities related to unrecognized tax benefits 597 536 (76)
Deferred compensation payable 712 (135) 802
Other long-term obligations (200) 1,769 566
Total adjustments 33,478 45,656 30,351
Net cash provided by operating activities 53,599 69,458 53,325
Capital expenditures for:      
Property and equipment (32,837) (50,959) (34,181)
Intangible assets (2,217) (1,956) (1,714)
Proceeds from sale-leaseback transactions 0 2,017 5,521
Proceeds from Sale of Other Assets, Investing Activities 1,089 0 0
Proceeds from the sale of property and equipment 19 1,247 98
Cash paid in acquisitions, net of cash acquired (125,161) (12,368) (5,927)
Net cash used in investing activities (159,107) (62,019) (36,203)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from issuance of common stock 5,271 6,668 8,146
Proceeds from issuance of long-term debt 219,505 152,375 144,018
Payments on long-term debt (102,098) (169,272) (169,392)
Excess tax benefits from stock-based compensation 669 2,124 576
Long-term debt issuance costs (1,948) 0 0
Contingent payments related to acquisitions (218) (1,212) (67)
Payment of taxes related to an exchange of common stock (86) (918) (249)
Net cash provided by (used in) financing activities 121,095 (10,235) (16,968)
EFFECT OF EXCHANGE RATES ON CASH (593) (382) (258)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 14,994 (3,178) (104)
CASH AND CASH EQUIVALENTS:      
Beginning of year 4,177 7,355 7,459
End of year 19,171 4,177 7,355
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION      
Interest (net of capitalized interest of $460, $325 and $389, respectively) 8,872 6,273 9,014
Income taxes 2,318 3,409 3,289
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES      
Property and equipment purchases in accounts payable 2,398 3,199 2,896
Receivable due for sale of equipment 0 0 1,256
Cost method investment converted to intangible asset in acquisition in lieu of additional cash payment 0 1,010 0
Contingent receivable in exchange for sale of cost method investment 711 0 0
Acquisition purchases in accrued expenses and other long-term obligations 0 1,300 1,000
Merit common stock surrendered (14, 185 and 127 shares, respectively) in exchange for exercise of stock options $ 346 $ 3,802 $ 1,941