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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities:    
Net earnings $ 11,886 $ 15,172
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 11,016 10,026
Stock compensation expense 2,197 1,174
Deferred income taxes 0 4
Provision for doubtful accounts 49 (16)
Foreign currency transaction loss 50 34
Loss on disposal of assets 89 85
Changes in assets and liabilities    
Accounts receivable (1,049) 7,125
Inventories 1,257 (1,286)
Prepaid expenses and other current assets 386 1,322
Accounts payable and accrued expenses 7,065 (6,999)
Income taxes (3,443) (168)
Other (180) 125
Net cash provided by operating activities 29,323 26,598
Cash flows from investing activities:    
Cash paid for acquisition, net of cash acquired (110,601) 0
Capital expenditures (10,660) (6,368)
Intangible assets acquired (153) (387)
Net cash used in investing activities (121,414) (6,755)
Cash flows from financing activities:    
Proceeds from revolving loan 65,000 0
Principal payments on long-term debt (9,634) (8,750)
Proceeds from stock options exercised 1,345 3,175
Excess tax benefits from stock compensation 483 2,488
Dividends paid (10,727) (9,251)
Purchase of treasury stock (615) 0
Net cash provided by (used in) financing activities 45,852 (12,338)
Effect of exchange rate changes on cash 616 (1,179)
(Decrease) Increase in cash and cash equivalents (45,623) 6,326
Cash and cash equivalents beginning of period 84,795 50,287
Cash and cash equivalents end of period $ 39,172 $ 56,613