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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITES    
Net earnings $ 38,573 $ 34,657
Adjustments to reconcile net earnings to cash provided by operating activities:    
Depreciation 9,248 8,776
Amortization expense (including deferred financing fees) 1,977 1,951
Stock-based compensation 4,592 3,574
Inventory obsolescence 1,423 864
Unrealized foreign currency losses (gains) 1,605 (6,818)
Bad debt and customer credits 1,282 384
Loss on disposal of property, plant and equipment 1 227
Changes in assets and liabilities:    
Customer receivables 16,216 8,864
Inventories (6,410) (5,945)
Accounts payable (10,109) (36,399)
Current and deferred income taxes 527 (11,437)
Other current assets (2,675) (1,765)
Other current liabilities (9,787) 3,192
Other noncurrent assets and liabilities (786) 7,317
Cash provided by operating activities 45,677 7,442
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures, net (15,057) (12,670)
Cash used in investing activities (15,057) (12,670)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from credit facility 173,500 170,000
Repayment of credit facility (185,500) (154,000)
Payment of dividends (14,727) (11,502)
Proceeds from the issuance of common stock 2,120 4,421
Purchase of common stock for treasury (3,903) (6,067)
Contingent purchase price payment (5,000) (5,000)
Tax benefit from the exercise of stock options and vesting of equity awards 662 979
Cash used in financing activities (32,848) (1,169)
Effect of exchange rate changes on cash and cash equivalents 1,584 (2,282)
Net decrease in cash and cash equivalents (644) (8,679)
Cash and cash equivalents at beginning of period 4,192 19,021
Cash and cash equivalents at end of period $ 3,548 $ 10,342