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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Operating activities:      
Net income $ 158,350,000 $ 166,186,000 $ 59,415,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 99,059,000 94,238,000 90,150,000
Loss (gain) on disposition of property, plant and equipment 236,000 71,000 (246,000)
Stock compensation expense 13,306,000 12,158,000 12,279,000
Effect of U.S. Tax Reform on deferred tax assets 0 0 4,152,000
Non-cash impairment charge related to divestiture 5,600,000 0 0
Changes in assets and liabilities, net of the effects of acquisitions:      
Accounts receivable 29,212,000 (10,960,000) (50,082,000)
Inventories 11,482,000 (12,369,000) (173,000)
Prepaid expenses and other current assets (10,640,000) (2,890,000) (4,241,000)
Accounts payable (22,546,000) 12,489,000 12,018,000
Accrued liabilities 2,336,000 (580,000) 14,439,000
Deferred income taxes (12,025,000) (18,876,000) 3,589,000
Long-term retirement benefits (16,233,000) 1,632,000 (16,349,000)
Long-term tax liability (6,949,000) (6,809,000) 79,770,000
Other (2,887,000) 2,909,000 (801,000)
Net cash provided by operating activities 248,301,000 237,199,000 203,920,000
Investing activities:      
Proceeds from disposition of property, plant and equipment 577,000 1,374,000 2,594,000
Capital expenditures (53,286,000) (57,273,000) (58,712,000)
Business acquisitions, net of cash acquired (6,061,000) (430,487,000) (8,922,000)
Revenue Sharing Program payments 0 (5,800,000) 0
Other (3,450,000) (1,000,000) (3,000,000)
Net cash used in investing activities (62,220,000) (493,186,000) (68,040,000)
Financing activities:      
Net change in other borrowings 5,490,000 (5,145,000) (25,304,000)
Payments on long-term debt (341,419,000) (433,904,000) (73,161,000)
Proceeds from the issuance of long-term debt 236,552,000 841,036,000 129,118,000
Proceeds from the issuance of common stock 5,492,000 1,131,000 2,408,000
Common stock repurchases (50,347,000) (138,275,000) (40,791,000)
Dividends paid (32,544,000) (32,206,000) (29,551,000)
Withholding taxes paid on stock issuances (6,059,000) (5,395,000) (5,380,000)
Other (9,158,000) (11,678,000) (21,090,000)
Net cash (used) provided by financing activities (191,993,000) 215,564,000 (63,751,000)
Effect of exchange rate changes on cash flows (1,002,000) (4,148,000) 6,714,000
(Decrease) increase in cash and cash equivalents (6,914,000) (44,571,000) 78,843,000
Cash and cash equivalents at beginning of year 100,719,000 145,290,000 66,447,000
Cash and cash equivalents at end of year $ 93,805,000 $ 100,719,000 $ 145,290,000