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Consolidated Statements of Cash Flows
$ in Thousands
12 Months Ended
Dec. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
Statement of Cash Flows [Abstract]      
Net income $ 126,633 $ 92,617 $ 89,734
Adjustments to reconcile net income to net cash provided by operating activities:      
Gain on sale of assets (10,579) (160) (780)
Depreciation and amortization 39,393 33,724 27,927
Write-off of software development project 0 676 2,212
Loss in equity method investment, before tax 63 86 0
Gain (adjustment) on bargain purchase of a business 0 (6,336) 0
Loss on disposal of a business 0 211 0
Impairment of goodwill 6,686 0 0
Deferred income taxes 4,950 6,299 (869)
Noncash compensation related to stock plans 11,176 13,908 13,946
Excess tax benefit of options exercised and restricted stock units vested 0 0 (273)
Recovery (provision) of doubtful accounts 569 66 (83)
Foreign Currency Transaction Gain, before Tax 1,841 0 0
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:      
Trade accounts receivable (12,573) (17,822) (7,548)
Inventories (26,425) (6,580) (36,617)
Other current assets 5,297 (2,016) (2,180)
Other noncurrent assets 533 513 336
Trade accounts payable 4,670 1,157 5,785
Accrued liabilities 9,136 10,130 4,290
Accrued profit sharing trust contributions 755 498 757
Accrued cash profit sharing and commissions 1,491 (1,246) 2,064
Long-term liabilities (2,276) (718) 242
Accrued workers’ compensation (173) (343) (1,024)
Income taxes payable 2,595 (5,599) 1,046
Net cash provided by operating activities 160,080 119,065 98,965
Cash flows from investing activities      
Capital expenditures (29,310) (58,041) (42,002)
Assets acquisitions, net of cash acquired (2,007) (27,921) (5,361)
Equity investments 0 0 (2,500)
Proceeds from sale of property and equipment 21,068 681 1,320
Proceeds from sale of a business 0 9,466 0
Net cash used in investing activities (10,249) (75,815) (48,543)
Cash flows from financing activities      
Repayment of long-term borrowings and capital leases (968) (354) 0
Repayment of debt and line of credit borrowings 821 (400) 0
Deferred and contingent consideration paid for asset acquisitions (364) (205) (27)
Debt issuance costs 0 0 (1,125)
Repurchase of common stock (110,540) (70,000) (53,502)
Issuance of Company’s common stock 695 6,610 7,976
Excess tax benefit of options exercised and restricted stock units vested 0 0 273
Dividends paid (39,891) (36,981) (32,711)
Cash paid on behalf of employees for shares withheld (5,146) (5,341) (4,018)
Net cash used in financing activities (155,393) (106,671) (83,134)
Effect of exchange rate changes on cash (2,772) 5,398 424
Net decrease in cash and cash equivalents (8,334) (58,023) (32,288)
Cash and cash equivalents at beginning of year 168,514 226,537 258,825
Cash and cash equivalents at end of year 160,180 168,514 226,537
Cash paid during the year for      
Interest 160 121 284
Income taxes 40,123 50,832 49,425
Noncash activity during the year for      
Noncash capital expenditures 908 1,533 2,318
Capital lease obligations 0 3,750 0
Contingent consideration for acquisition 0 1,314 0
Issuance of Company's common stock for compensation 465 411 315
Dividends declared but not paid $ 9,988 $ 9,954 $ 8,535