XML 18 R8.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
OPERATING ACTIVITIES    
Net income $ 4,128 $ 20,712
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 48,913 42,630
Amortization of intangibles 1,986 2,218
Pension settlement expense 1,464 1,716
Share-based compensation expense 4,200 4,233
Provision for losses on accounts receivable 418 627
Deferred income tax provision (benefit) 13,535 (2,559)
Gain on sale of property and equipment (2,486) (1,049)
Changes in operating assets and liabilities:    
Receivables (3,815) (16,560)
Prepaid expenses (806) 1,691
Other assets (3,286) 385
Income taxes (4,262) 12,306
Accounts payable, accrued expenses, and other liabilities (7,539) 8,316
NET CASH PROVIDED BY OPERATING ACTIVITIES 52,450 74,666
INVESTING ACTIVITIES    
Purchases of property, plant and equipment, net of financings (26,082) (34,205)
Proceeds from sale of property and equipment 6,250 2,690
Purchases of short-term investments (18,685) (10,780)
Proceeds from sale of short-term investments 16,415 2,967
Business acquisitions, net of cash acquired 197 (5,219)
Capitalization of internally developed software (5,098) (4,099)
NET CASH USED IN INVESTING ACTIVITIES (27,003) (48,646)
FINANCING ACTIVITIES    
Borrowings under credit facilities   70,000
Borrowings under accounts receivable securitization program   35,000
Payments on long-term debt (22,827) (84,555)
Net change in book overdrafts (6,489) (1,522)
Net change in restricted cash 423 (1)
Deferred financing costs   (824)
Payment of common stock dividends (4,175) (3,162)
Purchase of treasury stock (5,116) (5,982)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES (38,184) 8,954
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (12,737) 34,974
Cash and cash equivalents at beginning of period 164,973 157,042
CASH AND CASH EQUIVALENTS AT END OF PERIOD 152,236 192,016
NONCASH INVESTING ACTIVITIES    
Accruals for equipment received 10,614 8,972
Equipment financed $ 35,768 $ 12,670