XML 19 R5.htm IDEA: XBRL DOCUMENT v3.6.0.2
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 earnings $ 34,380 $ 6,954 $ 26,522
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 18,992 16,254 16,971
Stock-based compensation 2,738 3,195 2,660
Restructuring, impairment, and restructuring-related charges 3,048 6,915 5,941
Restructuring loss on pension settlement 0 8,280 0
Pension and other post-retirement plan income (1,599) (2,451) (2,290)
Non-recurring environmental expense 0 14,541 0
Deferred income taxes 10,297 (8,920) 4,900
Gain (Loss) on Disposition of Property Plant Equipment 11,450 2,156 1,915
Gain (Loss) on Foreign Currency Derivatives Recorded in Earnings, Net (36) 0 0
Changes in assets and liabilities, net of acquisitions and divestitures:      
Accounts receivable (7,120) 1,036 4,356
Inventories (2,290) 2,225 3,437
Other assets (289) 4,090 (5,672)
Accounts payable 537 (5,126) (2,692)
Accrued Salaries and Benefits 1,876 (3,012) (8,124)
Accrued expenses (2,597) (5,731) (9,872)
Income taxes payable 966 5,264 262
Other liabilities (52) 2,502 721
Pension and other post-retirement plans (303) 295 (414)
Total adjustments 12,822 32,197 6,827
Net cash provided by operating activities 47,202 39,151 33,349
Cash flows from investing activities:      
Capital expenditures (20,500) (9,723) (12,949)
Proceeds from sale of assets 12,296 1,878 4,951
Payment for acquisitions, net of cash acquired (73,063) (1,285) 0
Net cash used in investing activities (81,267) (9,130) (7,998)
Cash flows from financing activities:      
Payments of long-term debt (2,458,400) (1,343,500) (1,030,200)
Proceeds from borrowings of long-term debt 2,456,800 1,359,200 1,030,200
Payments of short-term notes payable 0 (164) (810)
Proceeds from borrowings of short-term notes payable 0 164 810
Purchase of treasury stock 0 (18,088) (8,002)
Dividends paid (5,234) (5,291) (5,374)
Exercise of stock options 0 64 1,204
Excess tax benefit on equity-based compensation 0 313 297
Payments Related to Tax Withholding for Share-based Compensation (1,809) (527) (926)
Other 0 0 (3,132)
Net cash used in financing activities (8,643) (7,829) (15,933)
Effect of exchange rate on cash and cash equivalents (415) 228 722
Net (decrease) increase in cash and cash equivalents (43,123) 22,420 10,140
Cash and cash equivalents at beginning of year 156,928 134,508 124,368
Cash and cash equivalents at end of year 113,805 156,928 134,508
Supplemental cash flow information:      
Cash paid for interest 2,939 2,415 2,113
Cash paid for income taxes, net 10,471 6,779 7,994
Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]      
Notes Issued $ 1,006 $ 0 $ 0