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Consolidated Statements of Cash Flows Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Income from continuing operations $ 71,253 $ 59,313
Income from discontinued operations, net of income taxes (466) 2,131
Net income 70,787 61,444
Adjustments to reconcile net income to net cash provided by operating activities:    
Stock-based compensation 18,533 17,323
Depreciation and amortization 17,366 18,486
Changes to value of life insurance policies (3,459) (4,541)
Deferred income taxes (311) 3,914
Other non-cash items 1,114 (362)
Changes in assets and liabilities, net of effect of acquisitions:    
Accounts receivable (11,972) (15,488)
Inventories (12,121) (796)
Prepaid expenses and other current assets (935) (1,545)
Other assets (451) 1,960
Accounts payable (2,571) 2,307
Accrued expenses (1,452) (10,676)
Unearned revenues 742 (1,393)
Other long-term liabilities (1,344) 7,722
Net cash provided by operating activities 73,926 78,355
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (16,063) (14,264)
Patents and other intangibles (970) (282)
Business acquisitions, net of cash acquired 47,314 0
Proceeds from sale of assets 270 643
Premiums on life insurance (788) (1,351)
Net cash used in investing activities (64,865) (15,254)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayment of debt borrowings (80,000) (89,000)
Proceeds from debt borrowings 150,000 106,000
Debt financing costs (1,645) 0
Non-controlling interest - dividend (10) (27)
Dividends paid (72,929) (72,861)
Repurchase of common shares (4,777) (8,197)
Net cash used in financing activities (9,361) (64,085)
NET CHANGE IN CASH AND CASH EQUIVALENTS (300) (984)
CASH AND CASH EQUIVALENTS, beginning of period 14,400 14,764
CASH AND CASH EQUIVALENTS, end of period $ 14,100 $ 13,780