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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net income $ 11,669 $ 9,169
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 6,517 4,332
Long-lived asset impairment charge 772 0
Inventory step-up amortization 481 0
Deferred income taxes 185 (106)
Stock-based compensation 1,231 1,132
Loss from equity method investment 46 0
Changes in operating assets and liabilities:    
Accounts receivable (7,780) (10,412)
Inventories (12,015) (4,059)
Accounts payable 13,686 7,341
Accrued payroll and other compensation (1,154) (566)
Accrued taxes 574 2,575
Other, net (1,854) 3,377
Net cash provided by operating activities 12,358 12,783
Cash flows from investing activities:    
Capital expenditures (9,560) (9,616)
Net cash used for investing activities (9,560) (9,616)
Cash flows from financing activities:    
Debt repayments (10,467) (10,147)
Common stock issued 155 320
Common stock repurchased (2,497) (710)
Net cash used for financing activities (12,809) (10,537)
Effect of exchange rate changes on cash 616 986
Decrease in cash and cash equivalents (9,395) (6,384)
Cash and cash equivalents at beginning of period 71,934 75,909
Cash and cash equivalents at end of period $ 62,539 $ 69,525