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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities    
Net income $ 30,148 $ 52,093
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 44,061 44,364
Deferred income taxes 5,261 3,182
Income from discontinued operations (32) (403)
Restructuring charges 6,845 999
Legal settlement 8,500  
Impairment recoveries   (35)
Gains on dispositions of property and other assets (938) (135)
Share-based compensation expense 6,448 5,056
Multi-employer pension plan withdrawal 15,508  
Other non-cash items, net 2,772 3,553
Change in operating assets and liabilities (excluding the impact of acquisitions):    
Receivables (37,028) (21,289)
Inventories 389 (2,792)
Current contract costs (13,929) (11,928)
Accounts payable 20,121 12,972
Accrued compensation 2,308 (12,275)
Contract liabilities 29,177 28,045
Payments on operating lease obligations (20,853)  
Other assets and liabilities, net 2,382 203
Net cash provided by operating activities 101,140 101,610
Cash flows from investing activities    
Capital expenditures (60,868) (64,968)
Cash paid for acquired businesses, net (90,992) (4,628)
Proceeds from dispositions of property and other assets 1,022 1,320
Net cash used in investing activities (150,838) (68,276)
Cash flows from financing activities    
Proceeds from borrowings 170,459 101,336
Payments on debt and finance lease obligations (99,340) (113,429)
Dividends paid on common stock (6,060) (6,128)
Payment of payroll taxes on stock-based compensation through shares withheld or repurchased (3,019) (1,179)
Common stock purchased for treasury   (9,061)
Proceeds from exercise of stock options 92 84
Net cash provided by (used in) financing activities 62,132 (28,377)
Effect of exchange rate changes on cash and cash equivalents (689) (3,210)
Net change in cash and cash equivalents 11,745 1,747
Cash and cash equivalents, beginning of year 44,893 53,723
Cash and cash equivalents, end of period $ 56,638 $ 55,470