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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating Activities    
Net income $ 76,829 $ 55,217
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 12,065 10,893
Stock-based compensation 3,913 3,806
Loss (gain) on disposal of property, plant and equipment 1,720 (189)
Other non-cash adjustments (405) (285)
Changes in operating assets and liabilities:    
Accounts receivable (14,407) 1,580
Contract retainage 55  
Inventories 4,860 6,597
Prepaid expenses and other assets 2,987 (771)
Revenues in excess of billings (1,243)  
Accounts payable 1,203 (6,761)
Accrued expenses and other liabilities (1,430) 5,005
Billings in excess of revenues (399)  
Customer deposits (609)  
Income taxes receivable/payable 7,698 8,487
Net cash provided by operating activities 92,837 83,579
Investing Activities    
Expenditures for property, plant and equipment (11,108) (8,534)
Proceeds from sales of property, plant and equipment   4,349
Acquisition of business (71,523)  
Net cash used in investing activities (82,631) (4,185)
Financing Activities    
Borrowings under line of credit 201,000 242,700
Principal payments under line of credit (201,000) (249,700)
Repurchases of common stock (3,617) (55,185)
Financing costs   (485)
Proceeds from employee stock purchase and option plans 288 218
Net cash used in financing activities (3,329) (62,452)
Net increase in cash and cash equivalents 6,877 16,942
Cash and cash equivalents, beginning of period 18,664 5,995
Cash and cash equivalents, end of period 25,541 22,937
Supplemental Disclosure:    
Cash paid for interest 416 849
Cash paid for income taxes, net $ 32,016 $ 19,435