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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
OPERATING ACTIVITIES    
Net Income $ 8,370 $ 4,128
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 48,332 48,913
Amortization of intangibles 2,271 1,986
Pension settlement expense 2,701 1,464
Share-based compensation expense 3,599 4,200
Provision for losses on accounts receivable 1,053 418
Deferred income tax provision (benefit) 2,687 13,535
(Gain) loss on sale of property and equipment (412) (2,486)
Changes in operating assets and liabilities:    
Receivables (21,091) (2,292)
Prepaid expenses (2,549) (806)
Other assets (3,100) (3,286)
Income taxes 458 (4,262)
Accounts payable, accrued expenses, and other liabilities 9,007 (7,752)
NET CASH PROVIDED BY OPERATING ACTIVITIES 51,326 53,760
INVESTING ACTIVITIES    
Purchases of property, plant and equipment, net of financings (27,123) (26,082)
Proceeds from sale of property and equipment 2,751 6,250
Purchases of short-term investments (6,223) (18,685)
Proceeds from sale of short-term investments 9,065 16,415
Business acquisitions, net of cash acquired   197
Capitalization of internally developed software (4,323) (5,098)
NET CASH USED IN INVESTING ACTIVITIES (25,853) (27,003)
FINANCING ACTIVITIES    
Borrowings under accounts receivable securitization program 10,000  
Payments on long-term debt (34,948) (22,827)
Net change in book overdrafts (2,478) (6,489)
Deferred financing costs (275)  
Payment of common stock dividends (4,144) (4,175)
Purchases of treasury stock (3,611) (5,116)
Payments for tax withheld on share-based compensation (2,690) (1,310)
NET CASH USED IN FINANCING ACTIVITIES (38,146) (39,917)
NET DECREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH (12,673) (13,160)
Cash and cash equivalents and restricted cash at beginning of period 115,242 166,357
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD 102,569 153,197
NONCASH INVESTING ACTIVITIES    
Equipment financed 38,593 35,768
Accruals for equipment received $ 3,179 $ 10,614