Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.6.0.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash Flows from Operating Activities      
Net Income $ 48,424 $ 66,974 $ 56,170
Adjustments to Reconcile Net Income to Cash Provided By Operating Activities, Excluding the Effects of Acquisitions:      
Depreciation and Amortization 25,790 25,309 27,254
Provision for Non-Cash Losses on Inventory and Receivables 2,404 3,187 1,959
Stock Compensation Expense 2,281 2,274 1,730
Deferred Tax Benefit (4,756) (252) (4,677)
Non-cash Adjustment to Contingent Consideration 0 (1,751) (4,971)
Other 165 (294) 268
Cash Flows from Changes in Operating Assets and Liabilities, net of the Effects from Acquisitions of Businesses:      
Accounts Receivable (14,622) (729) (18,850)
Inventories (2,671) (2,537) 25,732
Prepaid Expenses and Other Current Assets 108 (799) (2,806)
Accounts Payable (2,000) (2,168) (8,005)
Accrued Expenses (174) 3,738 6,826
Income Taxes Payable 7,926 (9,266) (4,084)
Customer Advanced Payments and Deferred Revenue (15,539) (7,485) 22,055
Supplemental Retirement Plan and Other Liabilities 1,518 2,300 1,273
Cash Provided By Operating Activities 48,854 78,501 99,874
Cash Flows from Investing Activities      
Acquisition of Business, Net of Cash Acquired 0 (52,276) (68,201)
Capital Expenditures (13,037) (18,641) (40,882)
Other (1,585) (2,669) (37)
Cash Used For Investing Activities (14,622) (73,586) (109,120)
Cash Flows from Financing Activities      
Proceeds From Long-term Debt 20,000 55,000 245,894
Principal Payments on Long-term Debt (41,835) (67,694) (275,544)
Purchase of Outstanding Shares for Treasury (17,618) 0 0
Debt Acquisition Costs 0 0 (573)
Proceeds from Exercise of Stock Options 3,813 2,996 1,848
Excess Tax Benefit from Exercise of Stock Options 834 2,973 5,262
Cash Used For Financing Activities (34,806) (6,725) (23,113)
Effect of Exchange Rates on Cash (86) (826) (1,079)
Decrease in Cash and Cash Equivalents (660) (2,636) (33,438)
Cash and Cash Equivalents at Beginning of Year 18,561 21,197 54,635
Cash and Cash Equivalents at End of Year 17,901 18,561 21,197
Supplemental Cash Flow Information:      
Interest Paid 4,536 4,734 7,816
Income Taxes Paid, Net of Refunds $ 15,898 $ 32,990 $ 26,619