XML 21 R7.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities      
Net income $ 69,421 $ 111,422 $ 119,433
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 21,215 18,012 16,830
Amortization of intangibles 19,468 17,041 19,940
Net (gain) loss on sale of property, plant and equipment (10,148) (8,046) 101
Loss on debt extinguishment 280 799 1,895
Deferred income taxes (2,976) (14,682) 4,044
Stock-based compensation 10,169 10,429 12,038
Non-cash interest expense 1,745 2,258 3,475
Impairment of goodwill and other intangibles 24,968 0 1,663
Accounts receivable (39,539) 31,943 (809)
Inventories (18,713) (13,158) 24,969
Prepaid expenses and other 4,548 (2,014) (10,147)
Accounts payable and accrued liabilities 32,653 (963) (13,002)
Other, net (620) (8,662) (1,680)
Net cash provided by operating activities 112,471 144,379 178,750
Cash flows from investing activities      
Capital expenditures (34,009) (26,056) (20,342)
Proceeds from sale of property, plant and equipment 17,776 10,860 19
Acquisitions, net of cash acquired 0 (323,487) 0
Other, net 3,060 6,443 3,014
Net cash used in investing activities (13,173) (332,240) (17,309)
Cash flows from financing activities      
Proceeds from exercise of stock options 961 5,790 4,831
Borrowings under senior notes 0 325,000 0
Dividends paid (17,768) (15,315) 0
Borrowings under revolving credit facilities 937 713 618
Payments under revolving credit facilities (937) (713) (618)
Principal payments under capital lease obligations (290) (600) (779)
Proceeds from issuance of term loan credit facility 0 377,519 0
Principal payments under term loan credit facility (1,880) (386,577) (1,928)
Principal payments under industrial revenue bond (93) (583) (473)
Debt issuance costs paid (476) (6,783) 0
Convertible senior notes repurchase (80,200) (8,045) (98,922)
Stock repurchase (58,383) (74,491) (79,556)
Net cash provided by (used in) financing activities (158,129) 215,915 (176,827)
Cash and cash equivalents:      
Net increase (decrease) in cash and cash equivalents (58,831) 28,054 (15,386)
Cash and cash equivalents at beginning of year 191,521 163,467 178,853
Cash and cash equivalents at end of year 132,690 191,521 163,467
Supplemental disclosures of cash flow information:      
Cash paid for interest 27,386 9,479 12,656
Cash paid for income taxes $ 24,243 $ 41,391 $ 68,870