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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities    
Net income $ 13,545 $ 34,387
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 28,178 26,666
Deferred income taxes 2,727 412
(Income) loss from discontinued operations (649) 307
Restructuring charges 824 562
Impairment recoveries (35) (4,631)
Gains on dispositions of property and other assets (113) (45)
Share-based compensation expense 2,762 4,747
Other non-cash items, net 2,681 2,373
Change in operating assets and liabilities (excluding the impact of acquisitions):    
Receivables (37,594) (38,869)
Inventories (3,043) (3,210)
Current contract costs (8,637) (1,601)
Accounts payable 20,140 30,156
Restructuring liabilities (904) (1,496)
Accrued compensation (5,753) (3,834)
Contract liabilities 20,266 6,346
Income taxes payable (8,904) (81)
Other assets and liabilities, net 5,969 7,010
Net cash provided by operating activities 31,460 59,199
Cash flows from investing activities    
Capital expenditures (48,057) (27,448)
Proceeds from insurance   6,886
Cash paid for acquired businesses, net   (1,661)
Proceeds from dispositions of property and other assets 1,292 662
Net cash used in investing activities (46,765) (21,561)
Cash flows from financing activities    
Proceeds from borrowings 80,051 52,574
Payments on debt and capital lease obligations (51,607) (63,065)
Dividends paid on common stock (4,095) (4,077)
Debt issuance costs   (5)
Common stock purchased for treasury (10,085) (1,204)
Proceeds from exercise of stock options 84  
Net cash provided by (used in) financing activities 14,348 (15,777)
Effect of exchange rate changes on cash and cash equivalents (3,380) 1,281
Net change in cash and cash equivalents (4,337) 23,142
Cash and cash equivalents, beginning of year 53,723 20,900
Cash and cash equivalents, end of period $ 49,386 $ 44,042