XML 22 R7.htm IDEA: XBRL DOCUMENT v3.6.0.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash Flows from Operating Activities:      
Net income $ 205,604 $ 199,295 $ 191,624
Adjustments to reconcile net income to net cash provided by operations:      
Depreciation 145,485 134,647 146,893
Amortization 9,317 4,246 5,325
Stock based compensation 19,824 20,612 19,749
Provision for (recovery of) doubtful accounts 561 (813) 741
Gain on sale of investment in unconsolidated affiliate (2,013)    
Deferred income taxes (11,112) (7,141) (18,973)
Defined benefit plan expense 16,786 20,685 16,699
Equity in results of affiliates 191 718 1,917
Changes in balance sheet items, excluding effects from foreign currency adjustments:      
Accounts receivables (41,721) (27,759) (16,322)
Inventories (834) (18,925) 5,205
Prepaid and other current assets (5,968) (6,982) (6,496)
Accounts payable and accrued liabilities (12,474) 39,330 (24,319)
Income taxes payable 15,056 3,397 (10,949)
Retirement and deferred compensation plan liabilities (7,486) (29,576) (370)
Other changes, net (4,023) (7,219) 5,605
Net Cash Provided by Operations 327,193 324,515 316,329
Cash Flows from Investing Activities:      
Capital expenditures (128,986) (149,323) (161,940)
Proceeds from sale of property and equipment 1,693 827 5,106
Insurance proceeds 986 3,739  
Purchase of short-term investments   (32,769)  
Maturity of short-term investments 29,485    
Acquisition of business, net of cash acquired (202,985)    
Acquisition of intangible assets (2,492)   (9)
Proceeds from sale of investment in unconsolidated affiliate 1,204    
Notes receivable, net 593 1,296 (2,357)
Net Cash Used by Investing Activities (300,502) (176,230) (159,200)
Cash Flows from Financing Activities:      
Proceeds from Notes Payable 163,148   95,816
Repayments of notes payable   (227,362)  
Proceeds from long-term obligations 5,963 225,236 253,520
Repayments of long-term obligations (55,314) (16,981) (778)
Dividends paid (76,659) (71,247) (71,072)
Credit facility costs   (1,216) (720)
Proceeds from stock option exercises 53,453 64,003 36,015
Purchase of treasury stock     (340,517)
Common stock repurchased and retired (131,371) (13,887)  
Excess tax benefit from exercise of stock options 9,171 8,388 6,998
Net Cash Used by Financing Activities (31,609) (33,066) (20,738)
Effect of Exchange Rate Changes on Cash (18,696) (25,080) (46,490)
Net (Decrease) Increase in Cash and Equivalents (23,614) 90,139 89,901
Cash and Equivalents at Beginning of Period 489,901 399,762 309,861
Cash and Equivalents at End of Period 466,287 489,901 399,762
Supplemental Cash Flow Disclosure:      
Interest paid 36,265 31,664 20,352
Income taxes paid $ 82,201 $ 79,502 $ 94,578