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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities    
Net Income $ 7,614 $ 13,344
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 3,157 3,157
Amortization 1,773 1,777
Equity in undistributed (earnings) losses of associated companies, net of dividends (829) (27)
Deferred compensation and other, net (696) 980
Stock-based compensation 1,153 1,798
(Gain) loss on disposal of property, plant and equipment and other assets (15) (20)
Insurance settlement realized (240) (279)
Combination-related expenses 9,075 0
Pension and other postretirement benefits contributions (2,263) (2,685)
(Decrease) increase in cash from changes in current assets and current liabilities, net of acquisitions:    
Accounts receivable (3,813) 2,602
Inventories (8,820) (1,800)
Prepaid expenses and other current assets 755 1,183
Accounts payable and accrued liabilities 2,279 (8,647)
Change in combination-related liabilities (660) 0
Change in restructuring liabilities (148) (509)
Net cash provided by operating activities 8,322 10,874
Cash flows from investing activities    
Investments in property, plant and equipment (2,531) (2,172)
Payments related to acquisitions, net of cash acquired 0 (1,384)
Proceeds from disposition of assets 15 26
Insurance settlement interest earned 9 8
Change in restricted cash, net 231 271
Net cash used in investing activities (2,276) (3,251)
Cash flows from financing activities    
Proceeds from long-term debt 0 14,687
Repayment of long-term debt (474) (159)
Dividends paid (4,583) (4,243)
Stock options exercised, other (777) (253)
Payments for repurchase of common stock 0 (5,859)
Excess tax benefit related to stock option exercises, cash flow 0 104
Net cash (used in) provided by financing activities (5,834) 4,277
Effect of exchange rate changes on cash 1,563 1,421
Net increase in cash and cash equivalents 1,775 13,321
Cash and cash equivalents at beginning of period 88,818 81,053
Cash and cash equivalents at end of period $ 90,593 $ 94,374