XML 18 R5.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:      
Net earnings (loss) $ 6,954 $ 26,522 $ (3,929)
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 16,254 16,971 21,169
Equity-based compensation 3,195 2,660 4,219
Restructuring, impairment, and restructuring-related charges 6,915 5,941 11,899
Restructuring loss on pension settlement 8,280 0 0
Amortization of retirement benefit adjustments 2,544 5,722 8,138
Non-recurring environmental expense 14,541 0 0
Deferred income taxes (8,920) 4,900 12,568
Loss on sale of EMS business 0 0 1,229
Gain on sale of assets (2,156) (1,915) (1,657)
Changes in assets and liabilities, net of acquisitions and divestitures:      
Accounts receivable 1,036 4,356 (6,075)
Inventories 2,225 3,437 (2,511)
Other assets 4,090 (5,672) 931
Accounts payable (5,126) (2,692) 4,716
Accrued expenses (9,270) (18,922) 733
Income taxes payable 5,264 262 (15)
Other liabilities 2,502 721 (232)
Pension and other post-retirement plans (4,700) (8,426) (14,076)
Total adjustments 31,670 5,901 41,500
Net cash provided by operating activities 38,624 32,423 37,571
Cash flows from investing activities:      
Capital expenditures (9,723) (12,949) (13,982)
Proceeds from sale of assets 1,878 4,951 1,768
Proceeds from sale of EMS business 0 0 75,000
Payment for acquisitions, net of cash acquired (1,285) 0 0
Net cash (used in) provided by investing activities (9,130) (7,998) 62,786
Cash flows from financing activities:      
Payments of long-term debt (1,343,500) (1,030,200) (3,864,500)
Proceeds from borrowings of long-term debt 1,359,200 1,030,200 3,786,000
Payments of short-term notes payable (164) (810) (2,218)
Proceeds from borrowings of short-term notes payable 164 810 2,218
Purchase of treasury stock (18,088) (8,002) (6,208)
Dividends paid (5,291) (5,374) (4,874)
Exercise of stock options 64 1,204 2,722
Excess tax benefit on equity-based compensation 313 297 117
Other 0 (3,132) 177
Net cash used in financing activities (7,302) (15,007) (86,566)
Effect of exchange rate on cash and cash equivalents 228 722 1,006
Net increase in cash and cash equivalents 22,420 10,140 14,797
Cash and cash equivalents at beginning of year 134,508 124,368 109,571
Cash and cash equivalents at end of year 156,928 134,508 124,368
Supplemental cash flow information:      
Cash paid for interest 2,415 2,113 3,104
Cash paid for income taxes, net $ 6,779 $ 7,994 $ 6,431