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Condensed Consolidated Statements of Cash Flows - Unaudited - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings $ 26,084 $ 28,968
Adjustments to reconcile net earnings to net cash provided by operating activities:    
Depreciation and amortization 18,038 16,349
Pension and Other Postretirement Expense (Income) 752 318
Stock-based compensation 3,950 4,104
Deferred income taxes 466 2,794
Restructuring impairment charges 1,100 0
Gain (Loss) on Disposition of Assets 111 (2)
Loss (gain) on foreign currency hedges, net of cash 79 (56)
Changes in assets and liabilities, net of acquisition:    
Accounts receivable 385 (9,228)
Inventories 1,925 (6,045)
Increase (Decrease) in Operating Assets (2,454) 0
Other assets (3,153) (417)
Accounts payable (3,534) 4,761
Accrued payroll and benefits (3,921) 1,224
Accrued liabilities (4,806) 1,674
Income taxes payable 2,540 (1,510)
Increase (Decrease) in Operating Liabilities 2,764 0
Other liabilities 844 (145)
Pension and other post-retirement plans (213) (233)
Net cash provided by operating activities 40,735 42,560
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (15,299) (20,800)
Proceeds from sale of assets 137 1
Payments for acquisitions, net of cash acquired (73,588) 0
Net cash used in investing activities (88,750) (20,799)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments of long-term debt (995,500) (910,100)
Proceeds from borrowings of long-term debt 1,058,200 883,800
Payments for Repurchase of Common Stock (8,045) 0
Dividends paid (3,934) (3,962)
Payments Related to Tax Withholding for Share-based Compensation (2,653) (1,433)
Net cash provided by (used) in financing activities 48,068 (31,695)
Effect of exchange rate changes on cash and cash equivalents 213 116
Net increase (decrease) in cash and cash equivalents 266 (9,818)
Cash and cash equivalents at beginning of period 100,933 113,572
Cash and cash equivalents at end of period 101,199 103,754
Supplemental cash flow information:    
Cash paid for interest 1,208 1,302
Cash paid for income taxes, net 7,622 8,517
Capital expenditures incurred but not yet paid $ 3,711 $ 3,944