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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
OPERATING ACTIVITIES    
Net income $ 17,068 $ 39,866
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 73,633 65,142
Amortization of intangibles 3,059 3,079
Pension settlement expense 2,267 2,478
Share-based compensation expense 6,151 6,343
Provision for losses on accounts receivable 787 941
Deferred income tax provision (benefit) 14,199 (7,862)
Gain on sale of property and equipment (2,581) (1,691)
Changes in operating assets and liabilities:    
Receivables (18,906) (14,881)
Prepaid expenses 1,108 2,353
Other assets (3,655) 505
Income taxes 2,583 14,295
Accounts payable, accrued expenses, and other liabilities (7,786) 9,006
NET CASH PROVIDED BY OPERATING ACTIVITIES 87,927 119,574
INVESTING ACTIVITIES    
Purchases of property, plant and equipment, net of financings (45,774) (53,644)
Proceeds from sale of property and equipment 7,296 4,115
Purchases of short-term investments (51,760) (48,868)
Proceeds from sale of short-term investments 54,027 25,347
Business acquisitions, net of cash acquired (24,805) (5,239)
Capitalization of internally developed software (7,660) (6,155)
NET CASH USED IN INVESTING ACTIVITIES (68,676) (84,444)
FINANCING ACTIVITIES    
Borrowings under credit facilities   70,000
Borrowings under accounts receivable securitization program   35,000
Payments on long-term debt (36,579) (92,136)
Net change in book overdrafts (3,829) 2,179
Net change in restricted cash 422 (1)
Deferred financing costs   (824)
Payment of common stock dividends (6,249) (4,740)
Purchases of treasury stock (7,594) (10,004)
NET CASH USED IN FINANCING ACTIVITIES (53,829) (526)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (34,578) 34,604
Cash and cash equivalents at beginning of period 164,973 157,042
CASH AND CASH EQUIVALENTS AT END OF PERIOD 130,395 191,646
NONCASH INVESTING ACTIVITIES    
Equipment financed 61,684 51,009
Accruals for equipment received $ 9,391 $ 7,150