XML 16 R5.htm IDEA: XBRL DOCUMENT v3.4.0.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITES    
Net earnings $ 17,270 $ 17,435
Adjustments to reconcile net earnings to cash provided by (used in) operating activities:    
Depreciation 4,560 4,303
Amortization expense (including deferred financing fees) 989 962
Inventory obsolescence 647 397
Loss on disposal of property, plant and equipment 7 11
Unrealized foreign currency losses (gains) 1,262 (7,271)
Stock-based compensation 2,138 1,385
Bad debt and customer credits 91 476
Changes in assets and liabilities:    
Customer receivables 8,570 (9,030)
Inventories (7,348) (6,104)
Accounts payable 1,299 (29,318)
Current income taxes 578 3,337
Other current assets 7,749 (1,229)
Other current liabilities (16,393) (5,334)
Other noncurrent assets and liabilities (304) 3,925
Cash provided by (used in) operating activities 21,115 (26,055)
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures, net (7,017) (4,864)
Cash used in investing activities (7,017) (4,864)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from credit facility 99,500 101,000
Repayment of credit facility (99,500) (59,000)
Payment of dividends (7,196) (5,729)
Proceeds from the issuance of common stock 399 3,826
Purchase of common stock for treasury (1,902) (6,067)
Contingent purchase price payment (5,000) (5,000)
Tax benefit from the exercise of stock options and vesting of equity awards 141 658
Cash (used in) provided by financing activities (13,558) 29,688
Effect of exchange rate changes on cash and cash equivalents 616 (3,115)
Net increase (decrease) in cash and cash equivalents 1,156 (4,346)
Cash and cash equivalents at beginning of period 4,192 19,021
Supplemental disclosure of cash flow information: $ 5,348 $ 14,675