XML 14 R5.htm IDEA: XBRL DOCUMENT v3.19.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net earnings $ 67,138 $ 77,317
Adjustments to arrive at net cash provided by (used in) operating activities:    
Depreciation and amortization 27,741 26,022
Share-based compensation (1,155) 1,783
Net (gain) loss on assets (75) 259
Deferred income taxes (909) 9,933
Changes in operating assets and liabilities:    
Accounts receivable (17,131) (117,520)
Inventories 29,201 (2,306)
Prepaid expenses and other assets (3,395) (12,178)
Accounts payable and accrued expenses (21,401) (7,759)
Salaries, wages and withholdings from employees (2,598) (591)
Income taxes (2,631) (6,043)
Other deferred liabilities 1,428 2,889
Net cash provided by (used in) operating activities 76,213 (28,194)
Cash flows from investing activities:    
Acquisition of property, plant, and equipment (16,606) (24,000)
Cash receipts on sold receivables 0 91,142
Proceeds from sale of assets 91 283
Acquisition of new businesses 0 (11,313)
Other investing activity (454) 751
Net cash (used in) provided by investing activities (16,969) 56,863
Cash flows from financing activities:    
Proceeds from additional borrowings 25,003 107,857
Debt payments (55,182) (33,009)
Purchase of treasury stock 0 (72,704)
Dividends paid (30,453) (28,244)
Other financing activity (1,028) (2,779)
Net cash used in financing activities (61,660) (28,879)
Effect of exchange rate changes on cash and cash equivalents 397 1,754
Net (decrease) increase in cash and cash equivalents (2,019) 1,544
Cash and cash equivalents at beginning of period 31,901 29,344
Cash and cash equivalents at end of period $ 29,882 $ 30,888