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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 earnings $ 157,360 $ 89,600 $ 126,256
Adjustments to arrive at net cash provided by operating activities:      
Depreciation and amortization 53,244 48,518 47,019
Share-based compensation 503 5,855 7,709
Net loss on assets 63 2,552 9,755
Loss on divestiture of business 0 33,160 0
Liquidation of foreign entity 0 0 (3,257)
Deferred income taxes 9,844 17,414 10,428
Changes in operating assets and liabilities:      
Trade accounts receivable (96,638) (130,835) (4,270)
Inventories (34,114) (47,345) (20,064)
Prepaid expenses and other assets (12,544) 14,072 (4,096)
Accounts payable and other accrued expenses 7,457 4,804 2,332
Accrued salaries, wages and withholdings from employees 599 (4,361) 3,347
Income taxes (7,335) 2,846 5,959
Other liabilities 5,081 27 2,521
Net cash provided by operating activities 83,520 36,307 183,639
Cash Flows from Investing Activities      
Acquisition of property, plant and equipment (50,740) (56,344) (81,216)
Cash receipts on sold receivables 91,142 141,465 35,414
Proceeds from sale of assets 2,615 10,485 6,254
Proceeds from divesture of business 0 12,457 0
Acquisition of new businesses (31,100) 0 0
Other investing activities 2,916 2,319 3,184
Net cash provided by (used in) investing activities 14,833 110,382 (36,364)
Cash Flows from Financing Activities      
Proceeds from additional borrowings 322,529 231,174 222,562
Debt payments (284,332) (239,950) (247,092)
Purchase of treasury stock (76,734) (87,217) (50,100)
Dividends paid (57,410) (54,038) (49,635)
Other financing activities (2,777) (3,383) (3,706)
Net cash used in financing activities (98,724) (153,414) (127,971)
Effect of exchange rate changes on cash and cash equivalents 2,928 10,204 (5,436)
Net increase in cash and cash equivalents 2,557 3,479 13,868
Cash and cash equivalents at beginning of year 29,344 25,865 11,997
Cash and cash equivalents at end of year 31,901 29,344 25,865
Cash paid during the year for:      
Interest 21,567 19,523 18,474
Income taxes 24,089 29,261 29,217
Capitalized interest $ 604 $ 486 $ 1,061