XML 16 R6.htm IDEA: XBRL DOCUMENT v3.4.0.3
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Cash Flows From Operating Activities    
Net income $ 27,657 $ 21,286
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 18,070 16,127
Deferred compensation [1] 2,720 1,577
Realized and unrealized (gains) losses on long-term investments 306 (531)
Stock-based compensation 2,423 798
Deferred income taxes 2,683 (1,261)
Other non-cash items 282 (1,397)
Changes in assets and liabilities:    
Receivables, net (36,263) (11,546)
Inventories (5,274) 4,969
Other current assets (315) (1,703)
Accounts payable and accrued liabilities (14,846) 5,647
Pension liabilities 156 111
Environmental and legal liabilities 837 90
Deferred revenues (282) (195)
Excess tax benefit from stock options and awards (262) (120)
Net Cash (Used In) Provided By Operating Activities (2,108) 33,852
Cash Flows From Investing Activities    
Expenditures for property, plant and equipment (19,340) (28,295)
Proceeds from sale of product line (Note14)   3,262
Other, net (3,119) (73)
Net Cash Used In Investing Activities (22,459) (25,106)
Cash Flows From Financing Activities    
Revolving debt and bank overdrafts, net (3,588) 14,241
Other debt repayments (159) (2,063)
Dividends paid (4,237) (4,047)
Company stock repurchased (908)  
Stock option exercises 258 167
Excess tax benefit from stock options and awards 262 120
Other, net (235) (275)
Net Cash (Used In) Provided By Financing Activities (8,607) 8,143
Effect of Exchange Rate Changes on Cash 2,700 (4,796)
Net Increase (Decrease) in Cash and Cash Equivalents (30,474) 12,093
Cash and Cash Equivalents at Beginning of Period 176,143 85,215
Cash and Cash Equivalents at End of Period 145,669 97,308
Supplemental Cash Flow Information    
Cash (refunds) of income taxes, net of payments (733) (2,920)
Cash payments of interest $ 2,124 $ 435
[1] In the first quarter of 2015, deferred compensation expense was included in administrative expenses. The 2015 amounts have been classified separately to conform to the current year presentation