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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities      
Net income $ 89,575 $ 69,421 $ 111,422
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 21,886 21,215 18,012
Amortization of intangibles 20,471 19,468 17,041
Net gain on sale of property, plant and equipment (109) (10,148) (8,046)
Loss on debt extinguishment 165 280 799
Deferred income taxes 3,420 (2,976) (14,682)
Stock-based compensation 9,036 10,169 10,429
Non-cash interest expense 1,045 1,745 2,258
Impairment of goodwill and other assets 0 24,968 0
Accounts receivable 8,327 (39,539) 31,943
Inventories (2,510) (18,713) (13,158)
Prepaid expenses and other (3,809) 4,548 (2,014)
Accounts payable and accrued liabilities (817) 32,653 (963)
Other, net (396) (620) (8,662)
Net cash provided by operating activities 146,284 112,471 144,379
Cash flows from investing activities      
Capital expenditures (37,645) (34,009) (26,056)
Proceeds from sale of property, plant and equipment 785 17,776 10,860
Acquisitions, net of cash acquired 0 0 (323,487)
Other, net 0 3,060 6,443
Net cash used in investing activities (36,860) (13,173) (332,240)
Cash flows from financing activities      
Proceeds from exercise of stock options 848 961 5,790
Borrowings under senior notes 0 0 325,000
Dividends paid (17,797) (17,768) (15,315)
Borrowings under revolving credit facilities 619 937 713
Payments under revolving credit facilities (619) (937) (713)
Principal payments under finance lease obligations (308) (290) (600)
Proceeds from issuance of term loan credit facility 0 0 377,519
Principal payments under term loan credit facility (50,470) (1,880) (386,577)
Principal payments under industrial revenue bond 0 (93) (583)
Debt issuance costs paid (164) (476) (6,783)
Convertible senior notes repurchase 0 (80,200) (8,045)
Stock repurchase (33,707) (58,383) (74,491)
Net cash (used in) provided by financing activities (101,598) (158,129) 215,915
Cash and cash equivalents:      
Net increase (decrease) in cash, cash equivalents, and restricted cash 7,826 (58,831) 28,054
Cash, cash equivalents, and restricted cash at beginning of year 132,690 191,521 163,467
Cash, cash equivalents, and restricted cash at end of year 140,516 132,690 191,521
Supplemental disclosures of cash flow information:      
Cash paid for interest 26,234 27,386 9,479
Cash paid for income taxes $ 20,379 $ 24,243 $ 41,391