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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating Activities:      
Net income $ 48,283 $ 46,320 $ 53,412
Adjustments to reconcile net income to cash from operating activities:      
Depreciation and amortization 37,847 34,054 26,268
Stock-based compensation expense 11,275 9,643 7,533
Deferred income taxes 7,382 3,668 8,435
Equity in income of unconsolidated joint ventures (4,146) (2,890) (4,123)
Dividends received from unconsolidated joint ventures 2,757 3,463 3,849
Pension and postretirement benefits (2,822) (1,512) 1,976
Loss from the disposal of property, plant and equipment 225 295 (69)
Impairment of assets/investments 0 150  
Bad debt expense 1,321 1,085 250
Loss on disposition of a business 0 4,819 0
Changes in operating assets and liabilities excluding effects of acquisition and disposition of businesses:      
Accounts receivable (13,005) 8,971 (10,438)
Inventories 9,689 (10,608) (6,054)
Pension contribution (842) (7,737) (14,645)
Other current assets 1,933 (1,278) 1,063
Accounts payable and other accrued expenses 21,472 (17,632) 16,638
Other, net (4,402) 3,111 1,112
Net cash provided by operating activities 116,967 73,922 85,207
Investing Activities:      
Capital expenditures (18,136) (24,837) (28,755)
Proceeds from life insurance 275 2,682 0
Loss from the sale of property, plant and equipment, net 0 0 69
Other investing activities 0 (1,000) 166
Proceeds from the sale of a business 0 1,265 0
Acquisition of business, net of cash received (133,943) (158,407) 0
Net cash used in investing activities (151,804) (180,297) (28,520)
Financing Activities:      
Proceeds from long term borrowings 166,000 125,000 0
Repayment of debt principal and long term lease obligation (103,760) (6,641) (17,797)
Debt issuance costs 0 (293) 0
Repurchases of capital stock (7,995) (39,993) 0
Proceeds from issuance of capital stock, net 4,143 6,967 20,513
Issuance of restricted stock (1,377) (2,740) (1,542)
Proceeds from issuance of shares to employee stock purchase plan 858 727 693
Net cash provided by financing activities 57,869 83,027 1,867
Effect of exchange rate fluctuations on cash 149 (9,441) (13,063)
Net increase (decrease) in cash and cash equivalents 23,181 (32,789) 45,491
Cash and cash equivalents at beginning of year 204,586 237,375 191,884
Cash and cash equivalents at end of year $ 227,767 $ 204,586 $ 237,375