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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash Flows from Operating Activities    
Net income $ 16,765 $ 27,641
Loss from discontinued operations (405) 0
Income from continuing operations 17,170 27,641
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 11,006 11,856
Stock compensation expense 3,191 3,218
Net gain on sale of assets (39) (198)
Loss on sale of business 0 8,533
Exit activity (recoveries) costs, non-cash (2,737) 1,074
Provision for deferred income taxes 0 196
Other, net 628 (449)
Changes in operating assets and liabilities, excluding the effects of acquisitions:    
Accounts receivable (14,446) 9,145
Inventories 2,245 4,988
Other current assets and other assets (2,174) (4,333)
Accounts payable 16,962 (2,427)
Accrued expenses and other non-current liabilities (10,086) (9,803)
Net cash provided by operating activities 21,720 49,441
Cash Flows from Investing Activities    
Cash paid for acquisitions, net of cash acquired (18,494) (2,314)
Net proceeds from sale of property and equipment 12,778 162
Purchases of property, plant, and equipment (3,274) (4,035)
Net proceeds from sale of business 0 8,479
Other, net 0 1,118
Net cash (used in) provided by investing activities (8,990) 3,410
Cash Flows from Financing Activities    
Payment of debt issuance costs 0 54
Purchase of treasury stock at market prices (1,003) (462)
Net proceeds from issuance of common stock 247 2,057
Net cash (used in) provided by financing activities (1,156) 1,141
Effect of exchange rate changes on cash 628 1,264
Net increase in cash and cash equivalents 12,202 55,256
Cash and cash equivalents at beginning of year 170,177 68,858
Cash and cash equivalents at end of period $ 182,379 $ 124,114