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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
OPERATING ACTIVITIES    
Net income $ 26,628 $ 55,862
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 34,134 31,596
Asset impairment 1,556 0
Interest accretion of convertible notes discount 8,566 7,917
Employee share-based compensation expense 9,203 7,613
Financing costs amortization 969 979
Unrealized foreign currency transaction (gain) loss (764) 2,295
Other non-cash operating activities (136) (67)
Changes in assets and liabilities, net of acquisitions:    
Accounts receivable 17,269 39,771
Inventory (8,073) (19,106)
Unbilled contract revenues and other assets 13,170 (40,301)
Accounts payable and other liabilities (35,853) (11,361)
Customer advances and billings in excess of contract revenue (11,573) (9,093)
Net Cash Provided By Operating Activities 55,096 66,105
INVESTING ACTIVITIES    
Capital expenditures (36,066) (42,886)
Payments for China land use rights (11,043) 0
Proceeds from sale of assets 395 1,692
Acquisition of businesses, net of cash acquired (24,517) (11,943)
Net Cash Used In Investing Activities (71,231) (53,137)
FINANCING ACTIVITIES    
Borrowings on revolving credit facilities 68,827 7,884
Repayments on revolving credit facilities (67,196) (3,252)
Payments on long-term debt 0 (2,813)
Proceeds from exercise of stock options 486 706
Excess tax (deficiency) benefit from share-based compensation (538) 1,753
Payment of contingent consideration (611) (741)
Common stock repurchases (849) (3,326)
Dividend distribution to noncontrolling interests (120) (1,206)
Other financing activities (156) 0
Net Cash Used In Financing Activities (157) (995)
Effect of exchange rate changes on cash (4,827) (8,896)
Net (decrease) increase in cash and cash equivalents (21,119) 3,077
Cash and cash equivalents at beginning of period 103,656 137,345
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 82,537 $ 140,422