XML 24 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash Flows from Operating Activities      
Net income $ 62,560 $ 33,675 $ 23,448
Loss from discontinued operations (405) (44) (28)
Income from continuing operations 62,965 33,719 23,476
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 21,690 24,114 30,548
Intangible asset impairment 247 10,175 4,863
Loss on sale of business 0 (8,763) 0
Stock compensation expense 7,122 6,373 3,891
Net gain on sale of assets (123) (42) (6,431)
Exit activity (recoveries) costs, non-cash (1,877) 7,530 8,504
Benefit of deferred income taxes (7,105) (4,893) (2,051)
Other, net 2,118 1,934 4,759
Changes in operating assets and liabilities (excluding the effects of acquisitions):      
Accounts receivable (21,806) 37,828 (17,215)
Inventories 870 11,782 22,271
Other current assets and other assets (2,629) 2,511 759
Accounts payable 11,332 (17,060) (5,157)
Accrued expenses and other non-current liabilities (2,734) 1,253 19,004
Net cash provided by operating activities 70,070 123,987 87,221
Cash Flows from Investing Activities      
Purchases of property, plant, and equipment (11,399) (10,779) (12,373)
Acquisitions, net of cash acquired (18,494) (23,412) (140,621)
Net proceeds from sale of property and equipment 13,096 953 26,500
Net proceeds from sale of business 0 8,250 0
Other, net 0 1,118 1,154
Net cash used in investing activities (16,797) (23,870) (125,340)
Cash Flows from Financing Activities      
Long-term debt payments (400) (400) (73,642)
Proceeds from long-term debt 0 0 73,242
Payment of debt issuance costs 0 (54) (1,166)
Purchase of treasury stock at market prices (2,872) (1,539) (956)
Net proceeds from issuance of common stock 674 3,341 1,801
Net cash (used in) provided by financing activities (2,598) 1,348 (721)
Effect of exchange rate changes on cash 1,428 (146) (2,912)
Net increase (decrease) in cash and cash equivalents 52,103 101,319 (41,752)
Cash and cash equivalents at beginning of year 170,177 68,858 110,610
Cash and cash equivalents at end of year $ 222,280 $ 170,177 $ 68,858