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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating activities    
Net cash provided by operating activities $ 47,264 $ 38,851
Investing activities    
Expenditures for property, plant and equipment (13,264) (14,632)
Proceeds from the sale of property, plant and equipment 4,475 340
Other (20) 870
Net cash used for investing activities (8,809) (13,422)
Financing activities    
Additions to long-term debt 1,065 759
Reductions of long-term debt (498) (40,966)
Net reductions to revolving credit agreements (4,000) 0
Cash dividends paid (3,808) (3,433)
Purchase of treasury shares (1,410) (339)
Net cash used for financing activities (8,651) (43,979)
Cash and cash equivalents    
Total increase (decrease) for the period 29,804 (18,550)
Balance at the beginning of the period 85,257 101,600
Balance at the end of the period $ 115,061 $ 83,050