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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating Activities    
Net income $ 59,530 $ 69,026
Depreciation and amortization 27,665 26,651
Restructuring charges (Note 4) 11,384 0
Stock-based compensation (Note 11) 9,668 8,292
Pension expense (Note 15) 5,307 5,094
Deferred income tax benefit (9,590) (184)
Loss (gain) on asset dispositions, net 65 (1,512)
Pension contributions (Note 15) (4,425) (4,700)
Currency exchange losses, net 3,994 2,516
Other operating expense (Note 18) 32,956 0
Trade receivables 10,108 16,215
Inventories (Note 3) (36,894) (9,961)
Income taxes receivable, prepaid expenses and other current assets 19,248 (2,635)
Accounts payable and accrued liabilities (16,096) (81,856)
Other noncurrent assets and liabilities 76,326 4,491
Cash Flow From Operating Activities 189,246 31,437
Investing Activities    
Capital expenditures (11,730) (16,146)
Acquisition, net of cash acquired (Note 14) (213,990) (18,261)
Property disposals and other investing (Note 19) 729 17,932
Cash Flow Used in Investing Activities (224,991) (16,475)
Financing Activities    
Proceeds from short-term debt, net 0 75
Proceeds from long-term debt (Note 12) 491,500 332,664
Payments on long-term debt (Note 12) (415,600) (316,656)
Restricted cash 472 1,304
Cash dividends paid (39,200) (36,675)
Company stock purchases (16,656) (1,881)
Exercise of stock options 12,392 6,105
Employee stock purchase plan 282 252
Excess tax benefit related to stock plans 0 (434)
Other, net (590) (1,008)
Cash Flow From (Used in) Financing Activities 32,600 (16,254)
Effect of exchange rate changes on cash and cash equivalents 1,571 1,400
(Decrease) increase in cash and cash equivalents (1,574) 108
Beginning cash and cash equivalents 113,759 105,925
Ending cash and cash equivalents $ 112,185 $ 106,033