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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
OPERATING ACTIVITIES    
NET INCOME $ 39,866 $ 31,633
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 65,142 60,613
Amortization of intangibles 3,079 3,242
Pension settlement expense 2,478 5,405
Share-based compensation expense 6,343 5,362
Provision for losses on accounts receivable 941 1,647
Deferred income tax benefit (7,862) (7,409)
Gain on sale of property and equipment (1,691) (597)
Changes in operating assets and liabilities:    
Receivables (14,881) (41,180)
Prepaid expenses 2,353 1,477
Other assets 505 (1,081)
Income taxes 14,295 9,981
Accounts payable, accrued expenses, and other liabilities 9,006 49,108
NET CASH PROVIDED BY OPERATING ACTIVITIES 119,574 118,201
INVESTING ACTIVITIES    
Purchases of property, plant and equipment, net of financings (53,644) (23,756)
Proceeds from sale of property and equipment 4,115 2,701
Purchases of short-term investments (48,868) (25,347)
Proceeds from sale of short-term investments 25,347 17,478
Business acquisitions, net of cash acquired (5,239) (2,647)
Capitalization of internally developed software (6,155) (6,016)
NET CASH USED IN INVESTING ACTIVITIES (84,444) (37,587)
FINANCING ACTIVITIES    
Borrowings under credit facilities 70,000  
Borrowings under accounts receivable securitization program 35,000  
Payments on long-term debt (92,136) (28,024)
Net change in book overdrafts 2,179 2,304
Net change in restricted cash (1) 517
Deferred financing costs (824) (61)
Payment of common stock dividends (4,740) (2,458)
Purchase of treasury stock (10,004)  
Proceeds from the exercise of stock options   1,136
NET CASH USED IN FINANCING ACTIVITIES (526) (26,586)
NET INCREASE IN CASH AND CASH EQUIVALENTS 34,604 54,028
Cash and cash equivalents at beginning of period 157,042 105,354
CASH AND CASH EQUIVALENTS AT END OF PERIOD 191,646 159,382
NONCASH INVESTING ACTIVITIES    
Equipment financed 51,009 41,002
Accruals for equipment received $ 7,150 $ 9,632