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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Operating activities:    
Net income $ 63,303 $ 52,981
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 39,642 42,515
Amortization of convertible debt discount 0 731
(Gain) loss on disposition of property, plant and equipment (1,302) 78
Stock compensation expense 4,890 4,108
Withholding taxes paid on stock issuances (746) (806)
Changes in assets and liabilities:    
Accounts receivable (8,902) (39,359)
Inventories (2,768) (6,409)
Prepaid expenses and other current assets (10,448) (3,204)
Accounts payable 14,742 12,796
Accrued liabilities (14,202) 2,934
Deferred income taxes 629 1,307
Long-term retirement benefits (745) (4,326)
Other 1,818 1,567
Net cash provided by operating activities 85,911 64,913
Investing activities:    
Proceeds from disposition of property, plant and equipment 2,058 474
Payments for the sale of businesses 0 (1,181)
Capital expenditures (22,376) (25,802)
Component Repair Program payments (19,000) (41,000)
Other (651) (858)
Net cash used by investing activities (39,969) (68,367)
Financing activities:    
Net change in other borrowings 13,738 11,186
Payments on long-term debt (85,821) (78,467)
Proceeds from the issuance of long-term debt 68,722 90,383
Payment of assumed liability to Otto Männer Holding AG 0 (19,796)
Proceeds from the issuance of common stock 9,691 9,395
Common stock repurchases (11,465) (8,389)
Dividends paid (13,126) (11,937)
Excess tax benefit on stock awards 1,574 2,671
Other 8,487 (137)
Net cash used by financing activities (8,200) (5,091)
Effect of exchange rate changes on cash flows (1,814) (71)
Increase (decrease) in cash and cash equivalents 35,928 (8,616)
Cash and cash equivalents at beginning of period 46,039 70,856
Cash and cash equivalents at end of period $ 81,967 62,240
Intangible assets acquired   $ 39,000