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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:      
Earnings from continuing operations $ 58,854 $ 60,438 $ 65,780
Adjustments to reconcile earnings from continuing operations to net cash provided by (used in) operating activities of continuing operations:      
Depreciation and amortization 44,929 37,729 36,209
Accretion of convertible notes discount 2,144 2,035 1,931
Provision for doubtful accounts 2,635 1,694 853
Net loss (gain) on sale of assets 11 (328) 233
Gain (Loss) on Derivative Instruments, Net, Pretax 1,007 579 1,071
Stock compensation expense 5,686 6,388 5,411
Excess tax (expense) benefit from share-based compensation arrangements 0 (327) (834)
Deferred income taxes 7,928 (1,281) 1,434
Changes in assets and liabilities, excluding effects of acquisitions/divestitures:      
Accounts receivable (778) 4,556 (23,876)
Inventories (11,891) (2,928) 30,181
Income tax refunds receivable (2,474) (3,463) 2,292
Other current assets 4,859 (2,823) (2,560)
Accounts payable - trade 693 4,697 (3,858)
Accrued contract losses 745 2 (1,899)
Advances on contracts 2,082 8,868 (7,065)
Other current liabilities 1,049 (1,144) 6,746
Income taxes payable 351 (2,403) 4,455
Pension liabilities (9,087) (2,300) (6,380)
Other long-term liabilities (1,036) (405) (1,035)
Net cash provided by operating activities of continuing operations 107,707 109,584 109,089
Net cash used in operating activities of discontinued operations 0 0 (2,902)
Net cash provided by operating activities 107,707 109,584 106,187
Cash flows from investing activities:      
Proceeds from sale of assets 201 719 39
Proceeds from sale of discontinued operations 0 0 7,863
Expenditures for property, plant & equipment (29,777) (29,932) (28,283)
Acquisition of businesses including earn out adjustments, net of cash acquired (6,631) (201,252) (77,618)
Other, net (1,376) (2,143) (2,060)
Cash used in investing activities of continuing operations (37,583) (232,608) (100,059)
Cash provided by investing activities of discontinued operations 0 0 3
Cash used in investing activities (37,583) (232,608) (100,056)
Cash flows from financing activities:      
Net borrowings (repayments) under revolving credit agreements (15,147) 143,025 15,788
Borrowings under Term Loan Facility 0 100,000 0
Debt repayment (5,000) (83,750) (10,000)
Bank overdraft 275 (3,462) 1,568
Proceeds from exercise of employee stock awards 9,533 4,856 6,411
Purchase of treasury shares (13,792) (12,836) (853)
Dividends paid (19,510) (19,026) (17,286)
Debt issuance costs 0 (1,348) 0
Windfall tax (expense) benefit 0 327 834
Other (318) (198) 0
Cash provided by (used in) financing activities of continuing operations (43,959) 127,588 (3,538)
Cash provided by (used in) financing activities of discontinued operations 0 0 0
Cash provided by (used in) financing activities (43,959) 127,588 (3,538)
Net increase in cash and cash equivalents 26,165 4,564 2,593
Effect of exchange rate changes on cash and cash equivalents (1,422) (513) (566)
Cash and cash equivalents at beginning of period 16,462 12,411  
Cash and cash equivalents at end of period $ 41,205 $ 16,462 $ 12,411