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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash Flows from Operating Activities    
Net income $ 26,258 $ 31,189
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 9,892 10,345
Stock compensation expense 6,091 4,828
Exit activity recoveries, non-cash 0 (662)
Provision for deferred income taxes 278 0
Other, net 2,437 657
Changes in operating assets and liabilities, excluding the effects of acquisitions:    
Accounts receivable (41,156) (22,048)
Inventories 13,464 (14,985)
Other current assets and other assets (4,983) (2,840)
Accounts payable 4,012 6,064
Accrued expenses and other non-current liabilities (9,807) (16,351)
Net cash provided by (used in) operating activities 6,486 (3,803)
Cash Flows from Investing Activities    
Acquisitions, net of cash acquired (264) 0
Net proceeds from sale of property and equipment 60 2,929
Purchases of property, plant, and equipment (6,265) (3,704)
Net cash used in investing activities (6,469) (775)
Cash Flows from Financing Activities    
Long-term debt payments (212,000) (400)
Payment of debt issuance costs (1,235) 0
Purchase of treasury stock at market prices (3,149) (6,016)
Net proceeds from issuance of common stock 208 526
Net cash used in financing activities (216,176) (5,890)
Effect of exchange rate changes on cash 1,035 (1,069)
Net decrease in cash and cash equivalents (215,124) (11,537)
Cash and cash equivalents at beginning of year 297,006 222,280
Cash and cash equivalents at end of period $ 81,882 $ 210,743