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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities:    
Net earnings $ 26,036 $ 30,088
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 22,666 19,891
Stock compensation expense 3,949 2,684
Deferred income taxes 293 55
Provision for doubtful accounts 108 (106)
Foreign currency transaction loss 15 60
Loss on disposal of assets 88 106
Changes in assets and liabilities    
Accounts receivable 1,071 7,962
Inventories 3,992 1,378
Prepaid expenses and other current assets 1,295 1,396
Accounts payable and accrued expenses 3,627 (9,786)
Income taxes (6,573) (4,046)
Other (609) 184
Net cash provided by operating activities 55,958 49,866
Cash flows from investing activities:    
Cash paid for acquisition, net of cash acquired (110,601) 0
Capital expenditures (14,736) (15,299)
Intangible assets acquired (586) (617)
Net cash used in investing activities (125,923) (15,916)
Cash flows from financing activities:    
Proceeds from revolving loan 65,000 0
Principal payments on revolving loan (20,000) 0
Principal payments on long-term debt (17,500) (17,500)
Principal payment on acquired debt (884) 0
Proceeds from stock options exercised 3,032 9,920
Excess tax benefits from stock compensation 792 5,785
Dividends paid (10,727) (9,251)
Purchase of treasury stock (1,478) (21)
Net cash provided by (used in) financing activities 18,235 (11,067)
Effect of exchange rate changes on cash 356 (927)
(Decrease) Increase in cash and cash equivalents (51,374) 21,956
Cash and cash equivalents beginning of period 84,795 50,287
Cash and cash equivalents end of period $ 33,421 $ 72,243