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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash Flows From Operating Activities    
Net income [1] $ 31,912 $ 27,919 [2]
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 18,707 18,070
Deferred compensation 376 2,720
Realized and unrealized (gains) losses on long-term investments (1,645) 306
Stock-based compensation 1,385 2,423
Deferred income taxes 2,543 2,683
Other non-cash items 721 20
Changes in assets and liabilities:    
Receivables, net (20,263) (36,263)
Inventories (14,396) (5,274)
Other current assets (1,694) (315)
Accounts payable and accrued liabilities (14,184) (14,846)
Pension liabilities (127) 156
Environmental and legal liabilities 24 837
Deferred revenues (81) (282)
Net Cash (Used In) Provided By Operating Activities [3] 3,278 (1,846)
Cash Flows From Investing Activities    
Expenditures for property, plant and equipment (20,396) (19,340)
Business acquisition (Note 15) (4,339)  
Other, net (1,887) (3,119)
Net Cash Used In Investing Activities (26,622) (22,459)
Cash Flows From Financing Activities    
Revolving debt and bank overdrafts, net   (3,588)
Other debt repayments (441) (159)
Dividends paid (4,606) (4,237)
Company stock repurchased (1,500) (908)
Stock option exercises 835 258
Other, net (1,486) (235)
Net Cash Used In Financing Activities [3] (7,198) (8,869)
Effect of Exchange Rate Changes on Cash 2,608 2,700
Net Decrease in Cash and Cash Equivalents (27,934) (30,474)
Cash and Cash Equivalents at Beginning of Period 225,743 176,143
Cash and Cash Equivalents at End of Period 197,809 145,669
Supplemental Cash Flow Information    
Cash payments (refunds) of income taxes, net of payments/refunds 5,603 (733)
Cash payments of interest $ 2,164 $ 2,124
[1] The 2016 amounts for the noted line items have been immaterially changed from the amounts originally reported as a result of the Company’s fourth quarter 2016 adoption of Accounting Standards Update (ASU) No. 2019-9, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting.
[2] Amounts for the noted line items have been immaterially changed from the amounts originally reported as a result of the Company’s fourth quarter 2016 adoption of ASU No. 2016-9, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting.
[3] The amounts for the first quarter of 2016 have been immaterially changed from the originally reported amounts as a result of the Company’s fourth quarter 2016 adoption of ASU No. 2019-9, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting