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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:      
Net earnings $ 78,573 $ 90,071 $ 55,972
Adjustments to reconcile net earnings to net cash provided by operating activities:      
Depreciation and amortization 44,666 44,379 46,202
Stock compensation expense 6,413 6,264 7,024
Deferred income taxes (5,403) (28,777) (6,881)
Provision for doubtful accounts 43 69 258
Foreign currency transaction (gain)/loss (141) 340 (16)
Asset impairment charge 1,801 0 0
(Gain)/Loss on disposal of assets (3,244) 254 320
Changes in assets and liabilities, net of acquired balances      
Accounts receivable (7,773) (3,906) (15,659)
Inventories (6,016) (319) 4,745
Prepaid expenses and other current assets 1,517 (439) 240
Accounts payable and accrued expenses 5,988 1,511 17,841
Income taxes 1,121 449 (2,765)
Other 1,152 722 331
Net cash provided by operating activities 118,697 110,618 107,612
Cash flows from investing activities:      
Capital expenditures (19,170) (27,526) (23,034)
Cash paid for acquisitions, net of cash acquired (17,399) (17,393) (110,601)
Proceeds from sale of property, plant and equipment 966 22 4
Proceeds from insurance 4,165 2,792 1,000
Intangible assets acquired (553) (591) (963)
Net cash used in investing activities (31,991) (42,696) (133,594)
Cash flows from financing activities:      
Proceeds from revolving loan 210,750 25,000 72,500
Principal payments on revolving loan (54,750) (44,000) (53,500)
Principal payments on long-term debt (219,500) (43,000) (35,000)
Principal payment on acquired debt (19) (2,384) (884)
Cash paid for financing costs (1,374) 0 0
Proceeds from stock options exercised 8,272 9,732 7,192
Excess tax benefits from stock compensation 0 0 2,546
Dividends paid (13,432) (12,069) (10,720)
Purchase of treasury stock (1,394) (1,905) (1,588)
Net cash used in by financing activities (71,447) (68,626) (19,454)
Effect of exchange rate changes on cash (1,407) 2,477 (716)
Increase/(Decrease) in cash and cash equivalents 13,852 1,773 (46,152)
Cash and cash equivalents beginning of period 40,416 38,643 84,795
Cash and cash equivalents end of period $ 54,268 $ 40,416 $ 38,643