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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:      
Net income $ 81,678 $ 57,217 $ 57,303
Adjustments to reconcile net income to cash flows:      
Depreciation and amortization 24,665 22,061 23,826
Non-cash deferred revenue (25,822) (12,372) (17,873)
Restructuring expenses 1,138 15,573
Loss on voluntary pension settlement 7,170
Increase in inventory reserve 7,885 3,119 5,343
(Gain)/loss on sale of assets (33) 120 (1,099)
Stock based compensation 7,766 5,599 5,002
Deferred income tax provision 8,556 19,736 (16,025)
Equity in losses of partially-owned affiliates 4,623
Other 193 (261) 584
Changes in assets and liabilities:      
Trade receivables (5,120) (14,378) (8,955)
Inventories (23,679) (32,721) (9,062)
Prepaid expenses and other current assets (729) 4,268 (5,766)
Accounts payable and other current liabilities 1,778 10,334 12,369
Deferred revenue and advance payments 41,962 12,178 11,773
Other non-current assets and liabilities (3,961) (5,331) (2,387)
Discontinued operations:      
Non-current liabilities 7,517
Net cash used in discontinued operations (516) (1,536) (1,858)
Net cash provided by operating activities 123,278 83,606 64,968
Cash flows from investing activities:      
Capital expenditures (49,714) (62,491) (23,323)
Proceeds from sale of assets 13 2,308 2,355
Advances to partially-owned affiliates (1,404)
Acquisition of business and equity investment, net of cash acquired (24,275) (2,426)
Other (56)
Net cash used in investing activities (73,976) (60,239) (24,798)
Cash flows from financing activities:      
Borrowings 25,750
Repayments (30,000) (30,000) (45,000)
Proceeds from stock options exercised 4,941 5,816 4,203
Debt issuance costs (2,515)
Excess tax benefits 10,278 1,445 522
Net cash used in financing activities (17,296) (22,739) (14,525)
Effect of exchange rate changes on cash and cash equivalents (1,839) (2,172) (2,872)
Net increase/(decrease) in cash and cash equivalents 30,167 (1,544) 22,773
Cash and cash equivalents at beginning of year 43,974 45,518 22,745
Cash and cash equivalents at end of year 74,141 43,974 45,518
Supplemental disclosure:      
Interest paid, net of capitalized interest 425 1,340 2,068
Income taxes paid, net of refunds received $ 18,210 $ 5,731 $ 6,725