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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash Flows from Operating Activities    
Net income $ 41,427 $ 23,228
Loss from discontinued operations 0 (28)
Income from continuing operations 41,427 23,256
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 17,551 22,657
Stock compensation expense 4,666 2,675
Net gain on sale of assets (225) (7,903)
Loss on sale of business 8,763 0
Exit activity costs, non-cash 3,876 3,247
Provision for (benefit of) deferred income taxes 355 (724)
Other, net (206) 117
Changes in operating assets and liabilities, excluding the effects of acquisitions:    
Accounts receivable 3,796 (28,085)
Inventories 9,738 7,562
Other current assets and other assets (1,901) (529)
Accounts payable 2,367 9,845
Accrued expenses and other non-current liabilities 11,038 12,370
Net cash provided by operating activities 101,245 44,488
Cash Flows from Investing Activities    
Cash paid for acquisitions (2,314) (140,620)
Net proceeds from sale of property and equipment 249 26,392
Purchases of property, plant, and equipment (7,600) (6,822)
Net proceeds from sale of business 8,250 0
Other, net 1,118 1,154
Net cash used in investing activities (297) (119,896)
Cash Flows from Financing Activities    
Payment of debt issuance costs 54 0
Purchase of treasury stock at market prices (1,178) (568)
Net proceeds from issuance of common stock 2,892 237
Excess tax benefit from stock compensation 941 0
Net cash provided by financing activities 2,201 10,269
Effect of exchange rate changes on cash 1,055 (2,140)
Net increase (decrease) in cash and cash equivalents 104,204 (67,279)
Cash and cash equivalents at beginning of year 68,858 110,610
Cash and cash equivalents at end of period $ 173,062 $ 43,331