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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating activities:    
Net income $ 29,994 $ 24,110
Adjustments for items not affecting cash:    
Depreciation and amortization expenses 10,080 10,616
Inventory write down (note 13)   60
Stock option compensation expense (note 21) 1,070 723
Deferred income tax recovery (477) (1,280)
Equity income less dividends received (519) (233)
Unrealized foreign exchange gain (621) (996)
Gain on disposition of property, plant and equipment (246) (175)
Net changes in operating assets and liabilities (note 11) 94,733 77,409
Net cash provided by operating activities 134,014 110,234
Investing activities:    
Acquisition of Mascus (note 23) (27,812)  
Property, plant and equipment additions (2,444) (3,327)
Intangible asset additions (3,711) (2,419)
Proceeds on disposition of property, plant and equipment 824 773
Other, net (173)  
Net cash used in investing activities (33,316) (4,973)
Financing activities:    
Issuances of share capital 3,031 4,421
Share repurchase (note 20) (36,726) (47,489)
Dividends paid to stockholders (note 20) (17,154) (15,089)
Dividends paid to contingently redeemable non-controlling interests (2,296) (1,340)
Proceeds from short-term debt 30,179  
Repayment of short-term debt (2,283) (185)
Repayment of finance lease obligations (493) (532)
Other, net 32 (105)
Net cash used in financing activities (25,710) (60,319)
Effect of changes in foreign currency rates on cash and cash equivalents 8,938 (8,497)
Increase in cash and cash equivalents 83,926 36,445
Cash and cash equivalents, beginning of year 210,148 139,815
Cash and cash equivalents, end of year $ 294,074 $ 176,260