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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash Flows From Operating Activities:      
Net income $ 67,600 $ 55,900 $ 30,800
Loss from discontinued operations, net of income taxes 400 100 0
Income from continuing operations 68,000 56,000 30,800
Adjustments to reconcile net income from continuing operations to cash provided by operating activities of continuing operations:      
Depreciation 25,400 20,000 19,100
Amortization 13,100 9,600 6,200
Stock-based compensation 9,900 7,200 7,300
Pension and other post-retirement benefits expense (1,000) (1,400) 2,700
Deferred income taxes (100) 5,800 4,900
Other (700) 100 (900)
Changes in operating assets and liabilities, net of effects of acquisitions:      
Trade receivables, net (29,000) (11,300) 9,800
Inventories (2,900) 15,600 7,700
Accounts payable, trade and other 16,100 10,400 2,100
Advance payments and progress billings (17,000) 26,900 1,400
Accrued pension and other post-retirement benefits, net (10,500) (14,300) (19,900)
Other assets and liabilities, net (3,400) (12,400) 6,800
Cash provided by continuing operating activities 67,900 112,200 78,000
Net cash required by discontinued operating activities (500) (300) (300)
Cash provided by operating activities 67,400 111,900 77,700
Cash Flows From Investing Activities:      
Acquisitions, net of cash acquired (232,000) (150,900) (91,300)
Capital expenditures (37,100) (37,700) (36,700)
Proceeds from disposal of assets 2,300 1,500 1,400
Proceeds from property available for sale 0 2,000 0
Cash required by investing activities (266,800) (185,100) (126,600)
Cash Flows From Financing Activities:      
Net increase (decrease) in short-term debt 900 (1,500) 1,500
Proceeds from Short-term Debt 15,300 0 0
Repayments of Short-term Debt (11,000) 0 0
Cash provided by refinancing credit facility 0 183,700 0
Cash payments to settle existing credit facility 0 (183,700) 0
Net borrowings (payments) on credit facilities 62,400 184,300 77,500
Issuance of long-term debt 149,500 0 4,500
Cash payments to settle private placement debt 0 (75,000) 0
Repayment of long-term debt (2,000) (1,400) (5,600)
Excess tax benefits 1,500 2,200 1,000
Tax witholdings on stock-based compensation awards (2,600) (5,800) (3,600)
Purchase of treasury stock (4,300) (7,700) (2,800)
Dividends (11,800) (11,200) (10,700)
Other (3,000) 0 100
Cash provided by financing activities 194,900 83,900 61,900
Effect of foreign exchange rate changes on cash and cash equivalents 500 (6,800) (9,100)
Increase (decrease) in cash and cash equivalents (4,000) 3,900 3,900
Cash and cash equivalents, beginning of period 37,200 33,300 29,400
Cash and cash equivalents, end of period 33,200 37,200 33,300
Supplemental Cash Flow Information:      
Interest paid 10,400 7,700 7,700
Income taxes paid 25,800 13,800 8,200
Consideration, due to seller $ 0 $ 0 $ 0