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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating Activities      
Net income $ 43,209 $ 41,151 $ 36,094
Adjustments to reconcile net income to cash provided by operating activities:      
Provision for doubtful accounts 965 469 31
Depreciation 18,988 10,645 8,898
Amortization of intangibles 3,113 2,005 0
Amortization of debt issuance 214 183 126
Stock-based compensation expense 1,057 1,986 1,501
Excess tax expense (benefit) from stock-based payment arrangements 142 (94) 0
Provision for deferred income tax expense (benefit) 2,804 (108) (877)
Gain on sale of property, plant and equipment (4,046) (911) (237)
Changes in operating assets and liabilities, net of effect of acquisitions:      
Accounts receivable (9,657) (12,596) (10,515)
Inventories 9,759 (10,993) 776
Rental equipment (11,699) (5,184) 0
Prepaid expenses and other (3,521) 6,661 (925)
Trade accounts payable and accrued liabilities (1,708) 1,202 4,420
Income taxes payable 3,700 (3,075) (4,565)
Other assets and liabilities, net (760) (1,131) (3,100)
Net cash provided by operating activities 52,560 30,210 31,627
Investing Activities      
Acquisitions, net of cash acquired (3,465) (196,467) (1,002)
Purchase of property, plant and equipment (15,479) (9,806) (13,639)
Proceeds from sale of property, plant and equipment 4,246 1,442 475
Net cash used in investing activities (14,698) (204,831) (14,166)
Financing Activities      
Borrowings on bank revolving credit facility 79,000 273,000 0
Repayment on bank revolving credit facility (125,000) (83,000) 0
Principal payments on long-term debt and capital leases (449) (682) (399)
Proceeds from issuance of long-term debt 0 767 0
Debt issuance cost 0 (818) 0
Dividends paid (3,628) (3,328) (3,371)
Proceeds from exercise of stock options 2,023 903 1,286
Treasury stock repurchased 0 (34,204) 0
Excess tax (benefit) expense from stock-based payment arrangements (142) 94 0
Net cash (used in) provided by financing activities (48,196) 152,732 (2,484)
Effect of exchange rate changes on cash (2,277) (2,538) 692
Net change in cash and cash equivalents (12,611) (24,427) 15,669
Cash and cash equivalents at beginning of the year 39,533 63,960 48,291
Cash and cash equivalents at end of the year 26,922 39,533 63,960
Cash paid during the year for:      
Interest 6,936 3,320 1,118
Income taxes $ 18,709 $ 22,243 $ 21,580