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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:      
Net income (loss) $ (32,135) $ 36,879 $ 21,947
Adjustments for noncash items:      
Depreciation 30,909 35,423 37,911
Amortization of intangibles 4,073 5,395 6,744
Goodwill, Impairment Loss 44,465 0 0
Deferred income taxes (10,523) (11,489) (5,268)
Accrued pension and postretirement benefits 12,521 6,974 13,911
(Gain) loss on an investment accounted for under the fair value method 20,500 (2,000) (3,400)
Loss on asset impairments 403 993 1,639
(Gain) loss on sale of assets (11) (1,031) 0
Changes in assets and liabilities, net of effects of acquisitions and divestitures:      
Accounts and notes receivables 9,180 (18,696) (1,763)
Inventories 1,137 (8,803) 1,727
Income taxes recoverable/payable (1,849) (906) 3,063
Prepaid expenses and other (1,256) 496 (651)
Accounts payable and accrued expenses (2,455) 5,554 3,043
Other, net (703) 2,446 (2,188)
Net cash provided by operating activities 74,256 51,235 76,715
Cash flows from investing activities:      
Capital expenditures (32,831) (44,898) (79,661)
Acquisitions, net of cash acquired 0 0 561
Proceeds from Divestiture of Businesses 0 4,500 306
Proceeds from the sale of assets and other 1,416 2,125 1,190
Net cash used in investing activities (31,415) (38,273) (77,604)
Cash flows from financing activities:      
Borrowings 107,000 116,000 87,000
Debt principal payments and financing costs (140,328) (117,779) (76,000)
Dividends paid (13,725) (11,007) (9,040)
Proceeds from exercise of stock options and other 2,858 410 3,317
Net cash provided by (used in) financing activities (44,195) (12,376) 5,277
Effect of exchange rate changes on cash (4,546) (3,147) (593)
Increase (decrease) in cash and cash equivalents (5,900) (2,561) 3,795
Cash and cash equivalents at beginning of period 50,056 [1] 52,617 48,822
Cash and cash equivalents at end of period 44,156 [1] 50,056 [1] 52,617
Supplemental cash flow information:      
Interest payments 3,508 3,320 2,583
Income tax payments (refunds), net $ 20,118 $ 20,890 $ 19,480
[1] Information on exports and foreign operations are provided on the previous page. Cash and cash equivalents includes funds held in locations outside the U.S. of $27.7 million and $40.5 million at December 31, 2015 and 2014, respectively. Export sales relate almost entirely to PE Films. Operations outside the U.S. in The Netherlands, Hungary, China and India also relate to PE Films. Operations in Brazil are primarily related to Flexible Packaging Films, but also include PE Films operations. Sales from locations in The Netherlands and Hungary are primarily to customers located in Europe. Sales from locations in China (Guangzhou and Shanghai) are primarily to customers located in China, but also include other customers in Asia.