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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net income (loss) $ 23,220 $ (12,698)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation 18,420 19,373
Amortization 5,705 5,710
Provision for doubtful accounts (1,462) 0
Deferred income taxes 1,555 10,936
Asset impairments 834 96
Gain on the sale of property, plant and equipment (25) (116)
Stock-based compensation expense 5,720 5,405
Leases 574 0
Changes in operating assets and liabilities, net of effects from business acquisition:    
Accounts receivable 106,749 (8,980)
Contract assets (15,464) (1,735)
Inventories (6,327) (52,063)
Prepaid expenses and other assets 1,559 1,966
Accounts payable (49,428) 23,103
Accrued liabilities (13,243) (16,025)
Income taxes (9,615) 8,846
Net cash provided by (used in) operations 68,772 (16,182)
Cash flows from investing activities:    
Proceeds from sales of investments at par 50 522
Additions to property, plant and equipment (14,163) (36,708)
Proceeds from the sale of property, plant and equipment 28 137
Additions to purchased software (1,332) (1,655)
Business acquisitions, net of cash acquired 0 (2,731)
Other (29) (129)
Net cash used in investing activities (15,446) (40,564)
Cash flows from financing activities:    
Proceeds from stock options exercised 693 3,377
Employee taxes paid for shares withheld (1,242) (771)
Dividends paid (12,079) (7,136)
Borrowings under credit agreement 0 50,000
Principal payments on long-term debt (2,441) (59,121)
Share repurchases (100,039) (65,868)
Equity forward contract related to accelerated share repurchase 0 (10,000)
Net cash used in financing activities (115,108) (89,519)
Effect of exchange rate changes 293 (642)
Net decrease in cash and cash equivalents (61,489) (146,907)
Cash and cash equivalents at beginning of year 458,102 742,546
Cash and cash equivalents at end of period $ 396,613 $ 595,639