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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash Flows From Operating Activities      
Net income [1] $ 103,101 $ 111,105 [2],[3] $ 100,743 [3]
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 78,701 81,115 79,022
Deferred compensation 15,140 (2,329) 4,857
Realized and unrealized gain on long-term investments (3,955) 2,966 (4,178)
Stock-based compensation 8,872 6,837 7,151
Deferred income taxes [1] (5,016) 10,355 (1,001)
Other non-cash items 2,240 4,622 4,857
Changes in assets and liabilities, excluding effects of acquisitions:      
Receivables, net 4,894 5,196 (16,358)
Inventories [1] 28,460 (24,678) (1,990)
Other current assets (680) 832 (489)
Accounts payable and accrued liabilities (15,084) (19,023) 30,476
Pension liabilities (790) (5,065) (1,960)
Environmental and legal liabilities 2,519 (478) (1,142)
Deferred revenues 26 (324) (1,125)
Net Cash Provided By Operating Activities 218,428 171,131 198,863
Cash Flows From Investing Activities      
Expenditures for property, plant and equipment (105,572) (86,647) (78,613)
Business acquisitions, net of cash acquired (Note 21) (9,000) (22,852) (4,339)
Other, net 1,905 1,684 269
Net Cash Used In Investing Activities (112,667) (107,815) (82,683)
Cash Flows From Financing Activities      
Revolving debt and bank overdrafts, net (7,495) 6,045 (6,008)
Other debt repayments (46,429) (20,714) (20,714)
Dividends paid (23,097) (20,857) (18,907)
Company stock repurchased (13,184) (15,500) (6,000)
Stock option exercises 3,037 4,163 3,370
Other, net (3,326) (4,785) (2,238)
Net Cash Used In Financing Activities (90,494) (51,648) (50,497)
Effect of Exchange Rate Changes on Cash (78) (10,368) 7,468
Net Increase in Cash and Cash Equivalents 15,189 1,300 73,151
Cash and Cash Equivalents at Beginning of Year 300,194 298,894 225,743
Cash and Cash Equivalents at End of Year 315,383 300,194 298,894
Supplemental Cash Flow Information      
Cash payments of income taxes, net of refunds 29,331 32,973 25,661
Cash payments of interest $ 12,250 $ 12,829 $ 13,889
[1] The 2018 and 2017 amounts for the noted line items have been retrospectively changed from the amounts originally reported as a result of the Company’s first quarter 2019 change in method of accounting for U.S. inventory valuation from LIFO to FIFO.
[2] The 2018 amounts for the noted line items have been retrospectively changed from the amounts originally reported as a result of the Company’s first quarter 2019 change in method of accounting for U.S. inventory valuation from LIFO to FIFO
[3] The retained earnings and net income amounts for the noted line items have been retrospectively changed from the amounts originally reported as a result of the Company’s first quarter 2019 change in method of accounting for U.S. inventory valuation from LIFO to FIFO.