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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 earnings $ 126,256 $ 106,785 $ 73,646
Adjustments to arrive at net cash provided by operating activities:      
Depreciation and amortization 47,019 47,939 51,456
Share-based compensation 7,709 1,598 6,265
Net loss on assets 9,755 13,190 70,745
Liquidation of foreign entity (3,257) 0 0
Deferred income taxes 10,428 (4,452) (16,780)
Changes in operating assets and liabilities:      
Trade accounts receivable 31,144 (21,721) (10,582)
Inventories (20,064) 3,041 64
Prepaid expenses and other assets (671) 2,698 6,479
Accounts payable and other accrued expenses 2,332 (8,792) 6,745
Accrued salaries, wages and withholdings from employees 3,347 (2,851) (365)
Income taxes 5,959 (5,520) 7,047
Other liabilities 2,521 (3,868) (5,532)
Net cash provided by operating activities 222,478 128,047 189,188
Cash Flows from Investing Activities:      
Acquisition of property, plant and equipment (81,216) (79,941) (79,398)
Proceeds from sale of assets 6,254 12,912 1,029
Acquisition of new business 0 (8,393) 0
Other investing activities (241) (372) (780)
Net cash used in investing activities (75,203) (75,794) (79,149)
Cash Flows from Financing Activities      
Proceeds from additional borrowings 222,562 331,277 213,985
Debt payments (247,092) (156,662) (128,186)
Purchase of treasury stock (50,100) (176,566) (137,192)
Dividends paid (49,635) (48,110) (47,893)
Proceeds from options exercised and other equity transactions (3,706) (73) 733
Net cash used in financing activities (127,971) (50,134) (98,553)
Effect of exchange rate changes on cash and cash equivalents (5,436) (10,451) (10,993)
Net (decrease) increase in cash and cash equivalents 13,868 (8,332) 493
Cash and cash equivalents at beginning of year 11,997 20,329 19,836
Cash and cash equivalents at end of year 25,865 11,997 20,329
Cash paid during the year for:      
Interest 18,474 16,839 16,158
Income taxes 29,217 46,281 42,335
Capitalized interest $ 1,061 $ 944 $ 1,449