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Condensed Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities    
Net income $ 13,900 $ 12,787
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 3,047 3,194
Amortization 1,812 1,853
Equity in undistributed (earnings) losses of associated companies, net of dividends (186) 511
Deferred compensation, deferred taxes and other, net (6,842) 428
Share-based compensation 1,012 1,083
Gain on disposal of property, plant and equipment and other assets (9) (52)
Insurance settlement realized (190) (85)
Combination related expenses, net of payements (1,012) 2,161
Pension and other postretirement benefits contributions (1,346) (2,632)
(Decrease) increase in cash from changes in current assets and current liabilities, net of acquisitions:    
Accounts receivable (5,470) (5,827)
Inventories 946 (7,758)
Prepaid expenses and other current assets 366 (1,055)
Accounts payable and accrued liabilities (6,008) (1,862)
Net cash provided by operating activities 20 2,746
Cash flows from investing activities    
Investments in property, plant and equipment (2,537) (3,449)
Payments related to acquisitions, net of cash acquired (500) (500)
Proceeds from disposition of assets 8 29
Insurance settlement interest earned 65 19
Net cash used in investing activities (2,964) (3,901)
Cash flows from financing activities    
Proceeds from long-term debt 0 8,166
Repayment of long-term debt (23,948) (197)
Dividends paid (4,935) (4,724)
Stock options exercised, other (1,489) (866)
Distributions to noncontrolling affiliate shareholders 0 (834)
Net cash (used in) provided by financing activities (30,372) 1,545
Effect of foreign exchange rate changes on cash 1,004 2,246
Net (decrease) increase in cash, cash equivalents and restricted cash (32,312) 2,636
Cash, cash equivalents and restricted cash at beginning of period 124,425 111,050
Cash, cash equivalents and restricted cash at end of period $ 92,113 $ 113,686