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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities    
Net Income $ 40,854 $ 45,370
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 9,229 9,154
Amortization 4,998 2,754
Equity in undistributed earnings of associated companies, net of dividends 1,362 (2,306)
Deferred compensation and other, net (551) 1,672
Stock-based compensation 4,500 3,959
Gain on disposal of property, plant and equipment and other assets (95) (125)
Insurance settlement realized (549) (1,214)
Pension and other postretirement benefits 2,204 178
(Decrease) increase in cash from changes in current assets and current liabilities, net of acquisitions:    
Accounts receivable (4,039) (23,061)
Inventories (1,028) (9,143)
Prepaid expenses and other current assets (3,545) 1,332
Accounts payable and accrued liabilities (2,521) 9,470
Net cash provided by operating activities 50,819 38,040
Cash flows from investing activities    
Investments in property, plant and equipment (6,115) (8,376)
Payments related to acquisitions, net of cash acquired (23,990) (51,947)
Proceeds from disposition of assets 130 178
Insurance settlement interest earned 28 34
Change in restricted cash, net 521 1,180
Net cash used in investing activities (29,426) (58,931)
Cash flows from financing activities    
Proceeds from long-term debt 30,668 45,000
Repayment of long-term debt (304) (1,106)
Dividends paid (12,257) (10,580)
Stock options exercised, other 947 (194)
Payments for repurchase of common stock (4,989) 0
Excess tax benefit related to stock option exercises, cash flow 400 430
Purchase of a noncontrolling interest in an affiliate 0 (7,422)
Payment of acquisition-related earnout liability 0 (4,709)
Distributions to noncontrolling affiliate shareholders 0 (1,806)
Net cash provided by financing activities 14,465 19,613
Effect of exchange rate changes on cash (4,434) (2,993)
Net increase (decrease) in cash and cash equivalents 31,424 (4,271)
Cash and cash equivalents at beginning of period 64,731 68,492
Cash and cash equivalents at end of period $ 96,155 $ 64,221