Statement of Cash Flows - Noncash Investing and Financing Activities

12 Months Ended

Dec. 31, 2014

Supplemental Cash Flow Elements [Abstract]

Statement of Cash Flows - Noncash Investing and Financing Activities

24. Statement of Cash Flows – Noncash Investing and Financing Activities

Noncash financing activities for the years ended December 31, 2014, 2013 and 2012, included the receipt of shares of the Company’s common stock tendered in lieu of cash by employees exercising stock options. The tendered shares, which were owned by employees for more than six months, had values of $92,000 in 2013 (1,562 shares) and $8,400,000 in 2012 (176,114 shares) and were recorded as treasury stock. There were no tendered shares in lieu of cash for exercising stock options in 2014.  Noncash financing activities for the years ended December 31, 2013 and 2012 also included the issuance of 48,973 shares and 84,568 shares, respectively, of Company common stock (values of $2,999,000 and $3,659,000, respectively) related to the Company’s performance stock award plan. There was no issuance of shares in 2014 related to the Company’s performance stock award plan. Noncash investing activities included unpaid liabilities (accounts payable) incurred for fixed asset acquisitions of approximately $17,797,000 in 2014, $11,772,000 in 2013 and $10,467,000 in 2012.