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Interim Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating Activities    
Net income $ 32,457 $ 31,825
Adjustment to reconcile net income to net cash provided by operating activities:    
Provision for doubtful accounts 124 628
Depreciation 13,451 14,196
Amortization of intangibles 2,328 2,339
Amortization of debt issuance costs 159 159
Stock-based compensation expense 1,075 762
Excess tax benefits from stock-based payment arrangements (212) (80)
Provision for deferred income tax expense (benefit) 5,111 8
Gain on sale of property, plant and equipment (367) (113)
Changes in operating assets and liabilities, net of amounts acquired:    
Accounts receivable 2,552 (5,721)
Inventories (4,265) (12,935)
Rental equipment 199 (14,427)
Prepaid expenses and other assets (2,216) (2,257)
Trade accounts payable and accrued liabilities (1,895) 12,318
Income taxes payable (524) 4,989
Other long-term liabilities 59 (473)
Net cash provided by operating activities 48,036 31,218
Investing Activities    
Acquisitions, net of cash acquired (188) (3,465)
Purchase of property, plant and equipment (7,201) (7,030)
Proceeds from sale of property, plant and equipment 899 197
Purchase of patents (50) 0
Net cash used in investing activities (6,540) (10,298)
Financing Activities    
Borrowings on bank revolving credit facility 71,000 62,000
Repayments on bank revolving credit facility (81,000) (77,000)
Principal payments on long-term debt and capital leases (37) (28)
Proceeds from issuance of debt 1,149 0
Dividends paid (3,082) (2,719)
Proceeds from sale of common stock 1,254 2,008
Excess tax benefits from stock-based payment arrangements 212 80
Stock repurchased (19) 0
Net cash used in financing activities (10,523) (15,659)
Effect of exchange rate changes on cash and cash equivalents (1,410) (2,137)
Net change in cash and cash equivalents 29,563 3,124
Cash and cash equivalents at beginning of the period 26,922 39,533
Cash and cash equivalents at end of the period 56,485 42,657
Cash paid during the period for:    
Interest 4,433 5,075
Income taxes $ 14,178 $ 14,691