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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Operating activities:    
Net income $ 70,585 $ 69,956
Adjustments for items not affecting cash:    
Depreciation and amortization expenses (note 7) 20,364 21,385
Inventory write down (note 13) 1,402 313
Stock option compensation expense (note 21) 2,470 2,056
Equity-classified PSU expense (note 21) 486  
Deferred income tax recovery (3,366) (3,233)
Equity income less dividends received (996) (406)
Unrealized foreign exchange loss (gain) (12) 187
Gain on disposition of property, plant and equipment (447) (966)
Net changes in operating assets and liabilities (note 11) (52,931) 43,865
Net cash provided by operating activities 37,555 133,157
Investing activities:    
Acquisition of Mascus (note 23) (28,123)  
Acquisition of NCI (note 23) (226)  
Property, plant and equipment additions (4,997) (4,612)
Intangible asset additions (6,693) (4,467)
Proceeds on disposition of property, plant and equipment 1,428 3,896
Net cash used in investing activities (38,611) (5,183)
Financing activities:    
Issuances of share capital 18,057 27,946
Share repurchase (note 20) (36,726) (47,489)
Dividends paid to stockholders (note 20) (34,176) (30,044)
Dividends paid to contingently redeemable NCI (2,368) (1,340)
Proceeds from short-term debt 31,336 6,682
Repayment of short-term debt (24,156) (601)
Proceeds from long-term debt 46,572  
Repayment of long-term debt (46,568)  
Repayment of finance lease obligations (907) (1,054)
Other, net 268 201
Net cash used in financing activities (48,668) (45,699)
Effect of changes in foreign currency rates on cash and cash equivalents 6,077 (7,881)
Increase (decrease) in cash and cash equivalents (43,647) 74,394
Cash and cash equivalents, beginning of period 210,148 139,815
Cash and cash equivalents, end of period $ 166,501 $ 214,209