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Consolidated Statement of Cash Flows Statement - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Income from continuing operations $ 23,923 $ 17,992
Loss from discontinued operations, net of income taxes (346) (310)
Net income 23,577 17,682
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation 6,291 5,723
Depreciation and amortization 5,818 6,304
Changes to value of life insurance policies 29 946
Deferred income taxes (256) 6,603
Other non-cash items 98 571
Changes in assets and liabilities:    
Accounts receivable (5,913) (7,525)
Inventories (3,686) (3,898)
Prepaid expenses and other current assets (901) (1,647)
Other assets 742 (1,001)
Accounts payable 2,634 4,576
Accrued expenses (2,281) (3,590)
Unearned revenues 188 3,609
Other long-term liabilities (3,247) 1,408
Net cash provided by operating activities 23,093 29,761
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (4,443) (6,449)
Patents and other intangibles (72) (102)
Business acquisition, net of cash acquired 0 0
Proceeds from sale of assets 280 324
Premiums on life insurance (382) (399)
Net cash used in investing activities (4,617) (6,626)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayment of debt borrowings (29,000) (49,000)
Proceeds from debt borrowings 37,000 51,000
Excess tax benefits from stock-based compensation 0 0
Debt financing costs 0 0
Non-controlling interest - dividend 0 0
Dividends paid (24,322) (24,284)
Repurchase of common shares (3,310) (1,273)
Issuance of common shares 0 0
Net cash used in financing activities (19,632) (23,557)
NET CHANGE IN CASH AND CASH EQUIVALENTS (1,156) (422)
CASH AND CASH EQUIVALENTS, beginning of period 14,400 14,764
CASH AND CASH EQUIVALENTS, end of period $ 13,244 $ 14,342