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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 12,615 $ 17,393
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 31,594 27,745
Losses on sales and/or abandonment of property and equipment 102 121
Write-off of patents and intangible assets 90 99
Acquired in-process research and development 400 1,000
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability 99 0
Amortization of deferred credits (128) (129)
Amortization of long-term debt issuance costs 779 741
Deferred income taxes 187 956
Excess tax benefits from stock-based compensation (527) (1,972)
Stock-based compensation expense 1,913 1,643
Changes in operating assets and liabilities, net of effects from acquisitions:    
Trade receivables (5,166) (3,524)
Employee receivables 42 (37)
Other receivables 3,385 776
Inventories 220 (7,432)
Prepaid expenses (452) (499)
Prepaid income taxes (63) (43)
Income tax refund receivables 514 (218)
Other assets (1,591) (776)
Trade payables (9,018) 9,738
Accrued expenses 1,693 7,017
Advances from employees (50) 164
Income taxes payable (183) 4,046
Liabilities related to unrecognized tax benefits (366) (704)
Deferred compensation payable 500 298
Other long-term obligations (251) 602
Total adjustments 23,723 39,612
Net cash provided by operating activities 36,338 57,005
Capital expenditures for:    
Property and equipment (26,492) (39,501)
Intangible assets (1,594) (1,385)
Proceeds from sale-leaseback transactions 0 2,017
Proceeds from the sale of property and equipment 5 42
Proceeds from sale of cost method investment 1,089 0
Cash paid in acquisitions, net of cash acquired (119,808) (11,868)
Net cash used in investing activities (146,800) (50,695)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock 4,422 5,924
Proceeds from issuance of long-term debt 203,478 109,905
Payments on long-term debt (82,658) (124,177)
Excess tax benefits from stock-based compensation 527 1,972
Long-term debt issuance costs 1,948 0
Contingent payments related to acquisitions (199) (194)
Payment of taxes related to an exchange of common stock (86) (918)
Net cash provided by (used in) financing activities 123,536 (7,488)
EFFECT OF EXCHANGE RATES ON CASH 67 (318)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 13,141 (1,496)
CASH AND CASH EQUIVALENTS:    
Beginning of period 4,177 7,355
End of period 17,318 5,859
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Interest (net of capitalized interest of $337 and $256, respectively) 6,223 4,713
Income taxes 2,237 2,905
Property and equipment purchases in accounts payable 2,709 2,321
Cost method investment converted to intangible asset in acquisition in lieu of additional cash payment 0 1,010
Contingent receivable received in exchange for sale of cost method investment 711 0
Acquisition purchases in accrued expenses and other long-term obligations 293 1,300
Merit common stock surrendered (14 and 185 shares, respectively) in exchange for exercise of stock options $ 346 $ 3,802