Condensed Consolidated Statement of Cash Flows - USD ($) $ in Thousands	6 Months Ended
Jun. 30, 2018	Jun. 30, 2017
Cash flows from operating activities
Net Income	$ 32,157	$ 19,955
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	6,330	6,333
Amortization	3,698	3,604
Equity in undistributed earnings of associated companies, net of dividends	3,352	(1,301)
Deferred compensation and other, net	177	268
Share-based compensation	1,975	2,245
(Gain) loss on disposal of property, plant and equipment and other assets	(599)	(28)
Insurance settlement realized	(481)	(446)
Combination-related expenses, net of payments	(1,445)	3,306
Pension and other postretirement benefits contributions	2,341	439
Restructuring and adjustments		0
Increase (decrease) in cash from changes in current assets and current liabilities, net of acquisitions:
Accounts receivable	(10,873)	790
Inventories	(11,301)	(7,881)
Prepaid expenses and other current assets	(2,323)	(4,686)
Accounts payable and accrued liabilities	1,407	(213)
Change in restructuring liabilities	0	(675)
Net cash provided by operating activities	19,733	20,832
Cash flows from investing activities
Investments in property, plant and equipment	(5,622)	(5,242)
Payments related to acquisitions, net of cash acquired	(500)	(5,363)
Proceeds from disposition of assets	668	43
Insurance settlement interest earned	47	21
Net cash used in investing activities	(5,407)	(10,541)
Cash flows from financing activities
Proceeds from long-term debt	0	6,753
Repayment of long-term debt	(287)	(373)
Dividends paid	(9,453)	(9,167)
Stock options exercised, other	(496)	(941)
Distributions to noncontrolling affiliate shareholders	(834)	0
Net cash used in financing activities	(11,070)	(3,728)
Effect of exchange rate changes on cash	(3,346)	3,015
Net (decrease) increase in cash and cash equivalents	(90)	9,578
Cash, Cash Equivalents and Restricted Cash at the beginning of the period	111,050	110,701
Cash, Cash Equivalents and Restricted Cash at the end of the period	$ 110,960	$ 120,279

This element represents acquisition-related costs incurred to effect a business combination which costs have been expensed during the period. Such costs include finder's fees; advisory, legal, accounting, valuation, and other professional or consulting fees; general administrative costs, including the costs of maintaining an internal acquisitions department; and may include costs of registering and issuing debt and equity securities, net of payments.

No definition available.