XML 27 R5.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
OPERATING ACTIVITIES      
Net income (loss) $ 29,500 $ 24,700 $ (204,500)
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 41,900 37,500 45,400
Asset impairments 0 1,200 255,100
Interest accretion of convertible notes discount 12,800 12,500 11,500
Loss on extinguishment of debt 4,900 0 0
Financing costs amortization (1,279) (1,284) (1,290)
Employee share-based compensation expense 11,100 10,700 11,300
Unrealized foreign currency transaction loss 300 500 100
Deferred income tax benefit (29,800) (2,600) (24,400)
Other non-cash operating activities 2,300 1,300 800
Changes in assets and liabilities, net of acquisitions:      
Accounts receivable (37,100) 43,600 7,200
Inventory (11,700) 25,700 12,000
Unbilled contract revenues and other assets 6,600 20,800 12,300
Accounts payable and other liabilities (1,500) (11,500) (17,400)
Customer advances and billings in excess of contract revenue 16,400 5,100 (9,700)
Net Cash Provided By Operating Activities 47,000 170,800 101,000
INVESTING ACTIVITIES      
Acquisition of businesses, net of cash acquired (446,100) (1,400) (24,500)
Capital expenditures (35,200) (17,800) (47,100)
Payments for China land use rights 0 0 (11,000)
Government grants 400 1,100 8,700
Proceeds from sale of assets 900 0 400
Net Cash Used In Investing Activities (480,000) (18,100) (73,500)
FINANCING ACTIVITIES      
Borrowings on revolving credit facilities 302,200 3,800 68,800
Repayments on revolving credit facilities (66,100) (6,100) (67,200)
Repurchase of convertible notes (194,900) 0 0
Proceeds from issuance of convertible notes 258,800 0 0
Proceeds from issuance of warrants 46,000 0 0
Payments for call options related to convertible notes (59,500) 0 0
Borrowings on term loan 0 13,200 0
Repayments on term loan (3,100) (2,900) 0
Payments for debt issuance costs (8,200) 0 0
Payment of contingent consideration 0 0 (600)
Proceeds from exercise of stock options 2,000 400 500
Excess tax benefit from share-based compensation 0 0 100
Common stock repurchases (2,000) (700) (900)
Dividend distribution to noncontrolling interests 0 0 (100)
Other financing activities 0 0 (200)
Net Cash Provided By Financing Activities 275,200 7,700 400
Effect of exchange rate changes on cash and cash equivalents 7,200 (2,100) (7,800)
Net (decrease) increase in cash, cash equivalents, restricted cash, and restricted cash equivalents (150,600) 158,300 20,100
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 282,000 123,700 103,600
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $ 131,400 [1] $ 282,000 $ 123,700
[1] (1) Refer to Note 7, Debt and Credit Arrangements and Note 10, Business Combinations for further information regarding restricted cash and restricted cash equivalents balances.