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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 earnings $ 90,071 $ 55,972 $ 59,722
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 44,379 46,202 39,964
Stock compensation expense 6,264 7,024 6,829
Deferred income taxes (28,777) (6,881) (2,857)
Provision for doubtful accounts 69 258 (53)
Foreign currency transaction loss 340 (16) 25
Loss on disposal of assets 254 320 301
Changes in assets and liabilities, net of acquired balances      
Accounts receivable (3,906) (15,659) 10,809
Inventories (319) 4,745 3,126
Prepaid expenses and other current assets (439) 240 1,233
Accounts payable and accrued expenses 1,511 17,841 (15,718)
Income taxes 449 (2,765) 633
Other 722 331 (188)
Net cash provided by operating activities 110,618 107,612 103,826
Cash flows from investing activities:      
Capital expenditures (27,526) (23,034) (41,300)
Cash paid for acquisitions, net of cash acquired (17,393) (110,601) 0
Proceeds from sale of property, plant and equipment 22 4 34
Proceeds from insurance 2,792 1,000 0
Intangible assets acquired (591) (963) (1,011)
Net cash used in investing activities (42,696) (133,594) (42,277)
Cash flows from financing activities:      
Principal payments on long-term debt (43,000) (35,000) (35,000)
Proceeds from revolving loan 25,000 72,500 0
Principal payments on revolving loan (44,000) (53,500) 0
Principal payment on acquired debt (2,384) (884) 0
Proceeds from stock options exercised 9,732 7,192 12,605
Excess tax benefits from stock compensation 0 2,546 7,009
Dividends paid (12,069) (10,720) (9,251)
Purchase of treasury stock (1,905) (1,588) (1,205)
Net cash used in by financing activities (68,626) (19,454) (25,842)
Effect of exchange rate changes on cash 2,477 (716) (1,199)
Increase/(Decrease) in cash and cash equivalents 1,773 (46,152) 34,508
Cash and cash equivalents beginning of period 38,643 84,795 50,287
Cash and cash equivalents end of period $ 40,416 $ 38,643 $ 84,795