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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 $ 75,959 $ 63,161
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 55,196 49,653
Deferred compensation [1] 12,595 1,228
Realized and unrealized (gains) losses on long-term investments (720) 293
Stock-based compensation 8,055 2,961
Deferred income taxes 4,169 107
Other non-cash items 2,120 1,867
Changes in assets and liabilities:    
Receivables, net (30,270) (10,338)
Inventories (12,485) (5,515)
Other current assets (308) (1,572)
Accounts payable and accrued liabilities 5,142 23,946
Pension liabilities 415 576
Environmental and legal liabilities 498 (1,503)
Deferred revenues (846) (1,063)
Excess tax benefit from stock options and awards (1,828) (260)
Net Cash Provided By Operating Activities 117,692 123,541
Cash Flows From Investing Activities    
Expenditures for property, plant and equipment (69,761) (90,328)
Business acquisition (Note 17)   (5,133)
Proceeds from sale of product line (Note14)   3,262
Other, net (2,788) (3,578)
Net Cash Used In Investing Activities (72,549) (95,777)
Cash Flows From Financing Activities    
Term loan   100,000
Revolving debt and bank overdrafts, net 1,014 (23,656)
Other debt repayments (6,193) (7,228)
Dividends paid (12,732) (12,067)
Company stock repurchased (2,408) (2,000)
Stock option exercises 3,290 431
Excess tax benefit from stock options and awards 1,828 260
Other, net (275) (673)
Net Cash (Used In) Provided By Financing Activities (15,476) 55,067
Effect of Exchange Rate Changes on Cash 1,190 (7,589)
Net Increase in Cash and Cash Equivalents 30,857 75,242
Cash and Cash Equivalents at Beginning of Period 176,143 85,215
Cash and Cash Equivalents at End of Period 207,000 160,457
Supplemental Cash Flow Information    
Cash payments of income taxes, net of refunds 18,577 12,560
Cash payments of interest $ 9,592 $ 6,381
[1] For the three and nine months ended September 30, 2015, deferred compensation expense (income) was included in the administrative expense line. The 2015 amounts have been classified separately to conform to the current year presentation.