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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 income $ 37,187 $ 46,259 $ 21,847
Adjustments to reconcile net income to net cash provided by operating activities:      
Gain on sale of business 0 (18,647) 0
Depreciation and amortization 19,559 17,275 17,646
Inventory step-up amortization 1,954 0 2,053
Long-lived asset impairment charge 0 1,354 0
Deferred income taxes (1,172) 3,585 (1,477)
Stock-based compensation 4,359 2,827 2,787
Pension settlement charge 0 0 4,914
Income from equity method investment (69) 0 0
Loss on disposition of property, plant and equipment 60 288 241
Accounts receivable 379 (2,749) (7,189)
Inventories 500 479 4,539
Taxes receivable 1,169 276 (4,129)
Prepaid expenses and other assets (3,355) (1,337) (2,318)
Accounts payable 3,505 (4,886) 1,167
Accrued payroll and other compensation 1,770 (3,416) 3,299
Benefit plan liabilities 487 (4,778) (3,563)
Other, net 3,394 (420) 1,811
Net cash provided by operating activities 69,727 36,110 41,628
Cash flows from investing activities:      
Business acquisitions, net of cash acquired (152,242) 0 (79,407)
Capital expenditures (25,466) (20,645) (13,971)
Proceeds from sale of business, net 0 28,550 0
Acquisition earn out payments 0 0 (111)
Net cash (used for) provided by investing activities (177,708) 7,905 (93,489)
Cash flows from financing activities:      
Proceeds from borrowings 116,600 0 60,000
Debt repayments (10,328) (20,571) (20,646)
Common stock issued 1,194 1,521 2,457
Common stock repurchased (1,091) (8,701) (748)
Excess tax benefit on stock awards 0 1,044 1,486
Net cash provided by (used for) financing activities 106,375 (26,707) 42,549
Effect of exchange rate changes on cash (2,369) (3,450) (4,044)
(Decrease) Increase in cash and cash equivalents (3,975) 13,858 (13,356)
Cash and cash equivalents at beginning of period 75,909 62,051 75,407
Cash and cash equivalents at end of period 71,934 75,909 62,051
Cash paid during the year for:      
Interest 787 632 875
Income taxes, net $ 15,739 $ 20,180 $ 14,679