XML 18 R6.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash Flows from Operating Activities    
Net income $ 6,345 $ 8,352
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation and amortization 4,941 5,189
Stock compensation expense 2,371 2,097
Exit activity recoveries, non-cash 0 (727)
Provision for deferred income taxes 393 0
Other, net 2,456 353
Changes in operating assets and liabilities, excluding the effects of acquisitions:    
Accounts receivable (27,623) 4,947
Inventories 35 (8,907)
Other current assets and other assets 165 1,498
Accounts payable 5,332 (1,694)
Accrued expenses and other non-current liabilities (31,903) (33,314)
Net cash used in operating activities (37,488) (22,206)
Cash Flows from Investing Activities    
Acquisitions, net of cash acquired (264) 0
Net proceeds from sale of property and equipment 22 2,823
Purchases of property, plant, and equipment (3,132) (1,033)
Net cash (used in) provided by investing activities (3,374) 1,790
Cash Flows from Financing Activities    
Long-term debt payments (210,000) 0
Payment of debt issuance costs (1,235) 0
Purchase of treasury stock at market prices (2,151) (850)
Net proceeds from issuance of common stock 139 226
Net cash used in financing activities (213,247) (624)
Effect of exchange rate changes on cash 612 (499)
Net decrease in cash and cash equivalents (253,497) (21,539)
Cash and cash equivalents at beginning of year 297,006 222,280
Cash and cash equivalents at end of period $ 43,509 $ 200,741