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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net income $ 19,577 $ 10,137
Adjustments to reconcile net income to net cash used by operating activities:    
Depreciation 31,418 30,207
Amortization 1,934 2,021
Deferred income tax expense (benefit) 4,635 (221)
Dividends from unconsolidated entities 0 19
Other, net 1,944 5,131
Changes in assets and liabilities:    
Accounts receivable (4,848) (27,882)
Inventories (11,490) (755)
Contract assets (5,698) 0
Accounts payable 7,340 (541)
Accrued interest payable 51 286
Accrued compensation (26,131) (12,352)
Advances on contracts (7,348) (4,998)
Retirement plan liabilities, net (12,252) (8,381)
Other assets and liabilities (7,375) 1,205
Net cash used by operating activities (8,243) (6,124)
Cash flows from investing activities:    
Purchases of property, plant and equipment (26,897) (16,989)
Proceeds from sales of assets 377 1,006
Net proceeds (payments) from settlement of foreign currency forward exchange contracts 3,822 (33)
Net cash used by investing activities (30,342) (15,950)
Cash flows from financing activities:    
Short-term borrowings, net (3,659) 3,655
Current maturities and long-term debt:    
Additions 46,000 24,000
Reductions (2,944) (14,345)
Sale of noncontrolling interests 477 0
Stock-based compensation - Employee taxes paid (709) (53)
Deferred financing costs 0 (36)
Net cash provided by financing activities 39,165 13,221
Effect of exchange rate changes on cash and cash equivalents, including restricted cash 738 1,403
Net increase (decrease) in cash and cash equivalents, including restricted cash 1,318 (7,450)
Cash and cash equivalents, including restricted cash, at beginning of period 66,209 71,879
Cash and cash equivalents, including restricted cash, at end of period $ 67,527 $ 64,429