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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating activities:    
Net income $ 28,848 $ 29,076
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 18,786 19,122
Gain on disposition of property, plant and equipment (252) (1,334)
Stock compensation expense 3,011 2,577
Withholding taxes paid on stock issuances (369) (488)
Changes in assets and liabilities:    
Accounts receivable (4,213) (13,777)
Inventories (153) (6,229)
Prepaid expenses and other current assets (524) (5,944)
Accounts payable (285) 9,921
Accrued liabilities 2,248 (13,493)
Deferred income taxes 251 3,740
Long-term retirement benefits (16,631) (2,878)
Other (601) 2,373
Net cash provided by operating activities 30,116 22,666
Investing activities:    
Proceeds from disposition of property, plant and equipment 313 2,010
Capital expenditures (13,297) (10,960)
Business acquisitions (1,546) 0
Component Repair Program payments (900) 0
Other 0 (321)
Net cash used by investing activities (15,430) (9,271)
Financing activities:    
Net change in other borrowings (14,179) 8,425
Payments on long-term debt (69,013) (55,821)
Proceeds from the issuance of long-term debt 76,503 26,722
Proceeds from the issuance of common stock 196 4,956
Common stock repurchases (8,000) 0
Dividends paid (6,468) (6,571)
Excess tax benefit on stock awards 44 914
Other (2,921) 10,033
Net cash used by financing activities (23,838) (11,342)
Effect of exchange rate changes on cash flows 2,085 (2,470)
Decrease in cash and cash equivalents (7,067) (417)
Cash and cash equivalents at beginning of period 83,926 46,039
Cash and cash equivalents at end of period $ 76,859 $ 45,622