XML 18 R6.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Cash flows from operating activities    
Net income $ 12,299 $ 20,160
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 18,557 17,870
Deferred income taxes (3,318) (1,147)
Loss from discontinued operations 550 70
Restructuring charges 1,967 1,285
Gains on dispositions of property and other assets (185) (222)
Share-based compensation expense 2,499 2,106
Excess tax benefit from share-based compensation arrangements (39) (232)
Other non-cash items, net 1,591 3,493
Change in operating assets and liabilities (excluding the impact of acquisitions):    
Receivables (29,915) (43,036)
Inventories (11,035) 1,896
Accounts payable 24,661 22,860
Restructuring liabilities (1,832) (1,669)
Accrued compensation (3,465) (1,128)
Customer deposits 43,656 9,166
Income taxes payable (1,591) 1,905
Other assets and liabilities, net (22) 4,643
Net cash provided by operating activities 54,378 38,020
Cash flows from investing activities    
Capital expenditures (20,597) (13,150)
Cash paid for acquired businesses (57,766) (123)
Proceeds from dispositions of property and other assets 1,008 751
Net cash used in investing activities (77,355) (12,522)
Cash flows from financing activities    
Proceeds from borrowings 55,000 30,000
Payments on debt and capital lease obligations (52,054) (38,100)
Dividends paid on common stock (4,050) (4,008)
Debt issuance costs (352)  
Common stock purchased for treasury (651) (5,969)
Excess tax benefit from share-based compensation arrangements 39 232
Proceeds from exercise of stock options   2,135
Net cash used in financing activities (2,068) (15,710)
Effect of exchange rate changes on cash and cash equivalents (247) (1,921)
Net change in cash and cash equivalents (25,292) 7,867
Cash and cash equivalents, beginning of year 56,531 56,990
Cash and cash equivalents, end of period 31,239 64,857
Supplemental disclosure of cash flow information    
Cash paid for income taxes 5,794 2,792
Cash paid for interest 2,374 1,659
Property and equipment acquired under capital leases 691 370
Property and equipment purchases in accounts payable and accrued liabilities $ 2,655 $ 338