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Consolidated Statement of Cash Flows Statement - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 17,682 $ 15,117
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation 5,723 5,462
Depreciation and amortization 6,427 6,847
Changes to value of life insurance policies 946 (568)
Deferred income taxes 6,603 (923)
Other non-cash items 571 (1,334)
Changes in assets and liabilities:    
Accounts receivable (7,525) 23,895
Inventories (3,898) (916)
Prepaid expenses and other current assets (1,647) (254)
Other assets (1,001) 1,109
Accounts payable 4,576 1,819
Accrued expenses (3,590) (3,222)
Increase (Decrease) in Deferred Revenue 3,609 170
Other long-term liabilities 1,285 (1,105)
Net cash provided by operating activities 29,761 46,097
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (6,449) (2,858)
Patents and other intangibles (102) (36)
Proceeds from sale of assets 324 408
Premiums on life insurance (399) (532)
Net cash used in investing activities (6,626) (3,018)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayment of debt borrowings (49,000) (37,838)
Proceeds from debt borrowings 51,000 13,000
Excess tax benefits from stock-based compensation 0 (68)
Payments of Dividends (24,284) (23,306)
Repurchase of common shares (1,273) (696)
Net cash used in financing activities (23,557) (48,908)
NET CHANGE IN CASH AND CASH EQUIVALENTS (422) (5,829)
CASH AND CASH EQUIVALENTS, beginning of period 14,764 22,494
CASH AND CASH EQUIVALENTS, end of period $ 14,342 $ 16,665