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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:      
Net income $ 66,244 $ 146,699 $ 34,147
Adjustments to reconcile net income to net cash (used for) provided by operating activities:      
Depreciation and amortization 53,233 48,455 40,329
Loss on disposal of assets 1,992 1,500 1,529
Deferred income taxes 9,558 (7,513) 11,534
Stock based compensation 10,131 7,742 1,327
Accretion of deferred financing fees 1,802 592 148
Changes in assets and liabilities:      
Accounts and other receivables 35,712 (64,320) (3,948)
Inventories (7,974) (230) 21,253
Accounts payable 69 8,172 23,846
Income taxes payable 2,211 (85) 86
Accrued liabilities (6,111) 9,617 281
Deferred income and customer advances 5,362 (8,373) 360
Other assets and liabilities 1,156 (7,649) (17,152)
Net cash provided by operating activities 173,385 134,607 113,740
Cash flows from investing activities:      
Expenditures for property, plant and equipment (109,215) (86,438) (84,009)
Other investing activities (2,976) (6,809) (2,372)
Net cash used for investing activities (112,191) (93,247) (86,381)
Cash flows from financing activities:      
Proceeds from long-term debt 0 0 270,000
Payments of long-term debt (266,625) 0 (3,375)
Payment of debt issuance costs 0 0 (1,881)
Borrowings from line of credit 345,000 308,500 58,000
Payments of line of credit (145,000) (308,500) (58,000)
Payment of line of credit facility fees (1,361) 0 (1,080)
Principal payments of capital leases (308) (127) (165)
Purchase of treasury shares (38,524) 0 0
Distribution to Honeywell in connection with the Spin-Off 0 0 (269,347)
Net decrease in invested equity 0 0 (7,312)
Net cash used for financing activities (106,818) (127) (13,160)
Net change in cash and cash equivalents (45,624) 41,233 14,199
Cash and cash equivalents at beginning of year 55,432 14,199 0
Cash and cash equivalents at the end of year 9,808 55,432 14,199
Supplemental non-cash investing activities:      
Capital expenditures included in accounts payable 27,258 25,222 28,485
Supplemental cash investing activities:      
Cash paid for interest 5,855 7,236 1,862
Cash paid for income taxes $ 7,315 $ 12,982 $ 0