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Consolidated Statements of Cash Flows
$ in Thousands
12 Months Ended
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
Cash flows from operating activities:      
Net income $ 14,664 $ 30,498 $ 32,192
Adjustments to reconcile net income to net cash provided by operating acitivites:      
Depreciation 20,479 18,704 19,792
Amortization 34,830 25,175 25,942
Stock-based compensation 8,375 7,499 9,330
Deferred income taxes (2,871) 2,251 (284)
Gain on sale of facility (1,890) 0 0
Income tax benefit of stock option exercises 203 3,961 644
Excess tax benefit from stock option exercises (483) (4,081) (922)
Loss on early extinguishment of debt 254 0 0
Increase (decrease) in cash flows from changes in assets and liabilities, net of acquired assets      
Accounts receivable (6,380) (9,643) 5,255
Inventories 3,103 (18,581) (10,449)
Accounts payable 2,094 11,508 (3,449)
Income taxes (200) (1,357) 5,291
Accrued compensation and benefits (2,598) (3,964) 3,572
Other assets (23,234) (12,005) (11,037)
Other liabilities (8,124) (1,897) (10,701)
Total operating 23,558 17,570 32,984
Net cash provided by operating activities 38,222 48,068 65,176
Cash flows from investing activities:      
Payments related to business acquisitions and asset acquisitions, net of cash acquired (256,450) (9,353) (5,265)
Proceeds from sale of a facility 5,178 0 0
Purchases of property, plant and equipment (14,753) (15,009) (15,411)
Net cash used in investing activities (266,025) (24,362) (20,676)
Cash flows from financing activities:      
Repurchase of common stock 0 0 (16,862)
Excess tax benefit from stock option exercises 483 4,081 922
Payments on term loan (8,750) 0 0
Proceeds from term loan 175,000 0 0
Payments on revolving line of credit (162,347) (112,000) (86,000)
Proceeds from revolving line of credit 225,000 142,680 113,000
Payments related to distribution agreement (16,667) (16,667) (16,667)
Payments on mortgage notes (1,339) (1,234) (1,140)
Payments related to debt issuance costs (5,556) (1,485) 0
Dividends paid on common stock (22,213) (22,105) (21,959)
Other, net 591 (3,043) 2,316
Net cash provided by (used in) financing activities 184,202 (9,773) (26,390)
Effect of exchange rate changes on cash and cash equivalents (1,475) (7,761) (6,221)
Net increase (decrease) in cash and cash equivalents (45,076) 6,172 11,889
Cash and cash equivalents at beginning of year 72,504 66,332 54,443
Cash and cash equivalents at end of year 27,428 72,504 66,332
Non-cash investing and financing activities:      
Contractual obligations for acquisition of a business 0 440 10,137
Dividends payable 5,566 5,542 5,510
Cash paid during the year for:      
Interest 13,758 5,434 5,532
Income taxes $ 9,588 $ 10,261 $ 10,206