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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Income $ 23,944 $ 8,803 $ 22,824
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 34,530 35,582 28,466
Tax liabilities, non-cash changes (9,531) (5,771) 5,630
Deferred income taxes (1,179) (5,190) 1,900
Impairments of long-lived assets and other charges 2,688 2,500 0
Stock-based compensation 2,807 2,315 2,685
Other non-cash items 1,400 2,560 (1,095)
Accounts receivable (14,030) (16,184) 9,074
Inventories 11,509 (9,297) 5,716
Increase (Decrease) in Other Operating Assets and Liabilities, Net 2,469 (9,138) 3,578
Accounts payable (1,132) (6,109) (2,549)
Income taxes 4,695 6,366 (4,780)
Non-current tax liabilities 0 0 (297)
NET CASH PROVIDED BY OPERATING ACTIVITIES 59,349 11,627 69,252
CASH FLOWS FROM INVESTING ACTIVITIES:      
Additions to property, plant and equipment (39,543) (112,556) (67,980)
Proceeds from sales and maturities of investments 3,750 3,750 3,970
Purchase of investments (950) (3,750) (3,750)
Proceeds from sales of fixed assets 1,815 1,873 16
Other (18) 248 320
NET CASH USED IN INVESTING ACTIVITIES (34,946) (110,435) (67,424)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Cash dividends paid (19,082) (19,351) (550)
Cash paid for common stock repurchase (19,638) (21,790) (8,133)
Proceeds from exercise of stock options 7,265 7,423 2,865
Excess tax benefits from exercise of stock options 107 106 252
NET CASH USED IN FINANCING ACTIVITIES (31,348) (33,612) (5,566)
Effect of exchange rate changes on cash (3,470) (4,430) (325)
Net increase (decrease) in cash and cash equivalents (10,415) (136,850) (4,063)
Cash and cash equivalents at the beginning of the period 62,451 199,301 203,364
Cash and cash equivalents at the end of period $ 52,036 $ 62,451 $ 199,301