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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating Activities:    
Net income $ 73,460 $ 36,370
Adjustments to reconcile net income to cash from operating activities:    
Depreciation and amortization 32,679 27,635
Stock-based compensation expense 8,508 8,537
Deferred income taxes 10,452 9,594
Equity in undistributed income of unconsolidated joint ventures (3,359) (2,220)
Dividends received from unconsolidated joint ventures 616 426
Loss from long-term investments 341 0
Pension and postretirement benefits (1,177) (2,121)
Loss (gain) from the sale of property, plant and equipment (5,329) 219
Bad debt expense (553) 0
Proceeds from insurance related to operations 932 0
Changes in operating assets and liabilities, excluding effects of acquisitions:    
Accounts receivable (12,772) (9,316)
Inventories (16,573) 6,536
Pension contribution (372) (274)
Other current assets (1,283) 227
Accounts payable and other accrued expenses 13,325 15,125
Other, net 956 3,485
Net cash provided by operating activities 99,851 94,223
Investing Activities:    
Business acquisition (60,191) 0
Capital expenditures, net (17,678) (14,926)
Proceeds from insurance related to property, plant and equipment 1,040  
Proceeds from the sale of property, plant and equipment, net 8,130  
Net cash used in investing activities (68,699) (14,926)
Financing Activities:    
Debt issuance costs (1,169) 0
Repayment of debt principal and long term lease obligation (110,285) (102,580)
Repurchases of capital stock   (7,995)
Proceeds from the exercise of stock options, net 1,926 2,058
Issuance of shares upon vesting of restricted stock units, net (5,145) (1,288)
Proceeds from issuance of shares to employee stock purchase plan 895 858
Net cash used in financing activities (113,778) (108,947)
Effect of exchange rate fluctuations on cash 5,852 (1,420)
Net decrease in cash and cash equivalents (76,774) (31,070)
Cash and cash equivalents at beginning of period 227,767 204,586
Cash and cash equivalents at end of period $ 150,993 $ 173,516