XML 16 R6.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net income $ 21,504 $ 24,794
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 14,248 12,778
Long-lived asset impairment charge 0 772
Inventory step-up amortization 0 1,025
Deferred income taxes 1,165 157
Stock-based compensation 2,580 2,287
(Income) loss from equity method investment (56) 68
Loss on disposition of property, plant and equipment 18 0
Changes in operating assets and liabilities:    
Accounts receivable (11,934) (8,197)
Contract assets (7,594) 0
Inventories (15,643) (14,202)
Accounts payable 7,406 15,479
Accrued payroll and other compensation (2,408) (729)
Accrued taxes 1,184 (977)
Other, net (2,496) (5,460)
Net cash provided by operating activities 7,974 27,795
Cash flows from investing activities:    
Business acquisitions, net of cash acquired 0 (353)
Proceeds from the sale of property, plant and equipment 217 0
Capital expenditures (16,355) (15,068)
Net cash used for investing activities (16,138) (15,421)
Cash flows from financing activities:    
Debt repayments (126) (21,566)
Common stock issued 666 313
Common stock repurchased (823) (2,497)
Net cash used for financing activities (283) (23,750)
Effect of exchange rate changes on cash (815) 2,984
Decrease in cash and cash equivalents (9,262) (8,392)
Cash and cash equivalents at beginning of period 59,875 71,934
Cash and cash equivalents at end of period $ 50,613 $ 63,542