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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net income $ 35,469 $ 32,767
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 19,386 14,064
Long-lived asset impairment charge 772 0
Inventory step-up amortization 1,108 1,607
Deferred income taxes (466) (719)
Stock-based compensation 3,240 3,070
Income (Loss) from equity method investment 37 (51)
Changes in operating assets and liabilities:    
Accounts receivable (12,138) (15,380)
Inventories (11,795) (150)
Accounts payable 18,071 10,930
Accrued payroll and other compensation 2,044 2,652
Accrued taxes (2,826) 2,096
Other, net (6,710) (3,464)
Net cash provided by operating activities 46,192 47,422
Cash flows from investing activities:    
Business acquisitions, net of cash acquired (335) (101,099)
Capital expenditures (19,918) (19,032)
Net cash used for investing activities (20,253) (120,131)
Cash flows from financing activities:    
Proceeds from borrowings 0 85,000
Debt repayments (35,674) (10,320)
Common stock issued 409 611
Common stock repurchased (2,592) (809)
Net cash (used for) provided by financing activities (37,857) 74,482
Effect of exchange rate changes on cash 4,690 (565)
(Decrease) Increase in cash and cash equivalents (7,228) 1,208
Cash and cash equivalents at beginning of period 71,934 75,909
Cash and cash equivalents at end of period $ 64,706 $ 77,117